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What is meant by CareShield Life payouts remaining fixed based on the year that a policyholder starts receiving payouts?

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Your CareShield Life payouts will increase by 2%* each year, starting from $612 and will stop increasing when you make a successful claim or turn 67 (whichever is earlier).

For example, if a policyholder starts claiming from CareShield Life in 2023 when he/she is 67 and below, the policyholder will receive $637 per month for as long as he/she has severe disability.

*The payouts will increase at 2% each year until 2025 where it will be reviewed further. 

This information provided here is sourced from the MOH website.


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