Why do I need to wait 90 days before getting my monthly CareShield Life/ElderShield payouts if I have developed severe disability?

Currently, CareShield Life/ElderShield claimants are contractually required to wait for 90 days from the date of the assessment before receiving the first CareShield Life/ElderShield payout, a typical insurance practice known as the “deferment period”. This is intended to ensure that the severe disability is of a long-term nature before payouts are provided. The Government waives the deferment period for most cases, and selectively impose it where disability statuses are less clear-cut. This practice allows most claimants who develop permanent severe disability to receive their monthly payouts expeditiously, while still ensuring the sustainability of the scheme.

This information provided here is sourced from the MOH website.