What does it mean that CareShield Life payouts remain fixed based on the year you start receiving them?
Your CareShield Life payouts will increase by 2%* each year, reaching $662 per month in 2025 and will stop increasing once you make a successful claim or turn 67 years old (whichever comes first).
For example, if you start claiming from CareShield Life in 2025 at age 67 or younger, you will receive $662 per month for as long as you have severe disability.
*The payouts will increase by 2% each year until 2025, after which they will be subject to review.
*The payouts will increase by 2% each year until 2025, after which they will be subject to review.
This information is sourced from CPF
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