CareShield Life premiums are designed to increase regularly to support the regular increase in payouts. The schedule of premium increases is not fixed, and will be regularly reviewed by an independent council to ensure the sustainability of the scheme.

However, to provide greater assurance to Singaporeans, for the first five years of scheme implementation, payouts and premiums will both increase by 2% per year. The CareShield Life Council will regularly review these trends and advise the Government on premium and payout adjustments in accordance with an actuarially sound adjustment framework.

If you are 59 and above when you join CareShield Life, you will not have to pay premiums after 10 years.

If you are 58 and below when you join CareShield Life, you will have to pay premiums until you reach age 67 (inclusive of the year you turn age 67). Thereafter, you will no longer need to pay for CareShield Life premiums.