Why is there a need to start CareShield Life earlier at age 30?

Starting CareShield Life at age 30 allows a longer period for premiums payment to be spread over. A longer duration of premium payment allows insureds to spread premium payment over more years, so as to reduce annual premiums payable. Consequently, insureds will benefit from additional years of coverage starting from age 30.

By the age of 30, most Singaporeans would have started working and many would have worked for a few years. It is also a good time to start planning for their long-term care needs. They would have started contributing to their MediSave, and should be able to cover their CareShield Life premiums without out-of-pocket expenses.

This information provided here is sourced from the MOH website.