Monthly CareShield Life payouts are designed to help cover basic long-term care costs, which can vary depending on your care needs and arrangements, whether you live at home, go to a care centre, or move into residential care. Individuals finance these costs differently, depending on their personal financial resources and circumstances.

 

The starting payout from CareShield Life is about $600 per month. This helps reduce out-of-pocket expenses by supplementing your personal savings (including MediSave) and family support. Additional support is also available through government subsidies, assistance schemes, and community support, especially for lower income Singaporeans. If you wish to have additional insurance coverage, you can consider purchasing supplements on top of CareShield Life.

 

You are strongly encouraged to plan early and consider your future income, long-term care arrangements, and how much insurance coverage and personal savings you may need to support your choices.