The Government encourages Singapore Citizens and Permanent Residents born in 1979 or earlier without severe disability to consider joining CareShield Life for basic lifetime financial protection for long-term care. CareShield Life provides monthly cash payout in the event of severe disability, for as long as you are unable to do three or more Activities of Daily Living (ADLs). 

The Government also provides support to help make premiums affordable.

This information is sourced from MOH