Our Address
Level 42, Suntec Tower Three, 8 Temasek Boulevard, Singapore 038988.
Welcome to Careshields
Your long term Care Insurance
Careshield life benefits are designed to provide you with lifetime protection and assurance for your basic long-term care needs, should you become severely disabled.
Why do we need
Careshield life in Singapore?
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1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime, and may need long-term care.
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Severe disability may arise due to a sudden disabling event (e.g. stroke and spinal cord injuries).
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Insurance schemes like Careshield Life help to pool our risks together and ensure protection against potentially catastrophic long-term care costs, providing peace of mind.
The benefits of
Careshield supplements
Lifetime Coverage
You continue to be covered by insurance such as careshield for severe disabilities once you have completed paying all your premiums, which will happen in the year you turn age 67 or 10 years after you join the scheme, whichever is later.
Lifetime Cash Payouts
Payouts are in cash so that you and your caregiver have the flexibility to decide on your desired care arrangements (e.g. home care or nursing home care).
Monthly Payouts
Once a successful new claim is made, your monthly payout amount will remain fixed for the duration of your severe disability. For more information check Definitions & Claims if you are qualified for Careshield Life claims.
Advantage of
Careshield Upgrade
Great monthly benefits you will claim if you upgrade to the best careshield life insurance available in singapore. Visit careshield life enhancement comparison and choose available plans you desire to advance our protection for future severe disabilities.
How can you join
Careshield life?
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Base Premium Cashout
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Annual Incentives
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Final Cashout
Existing ElderShield 400 policyholders born between 1970 and 1979 will be auto-enrolled from 1 Dec 2021.
All other Singaporeans and Singapore PR born in 1979 or earlier can choose to join CareShield Life for severe disabilities insurance from 6 Nov 2021 onwards by signing up online.
If you are not automatically enrolled and wish to join CareShield Life, you may access the Application to join CareShield Life e-Service (available from 6 November 2021) with your Singpass.
Long-term care act and
Careshield life
Establishment of the CareShield Life and ElderShield Insurance Fund to support benefit payouts for policyholders and scheme administration.
Establishment of the Long-Term Care Support Fund to provide premium support for the CareShield Life Scheme, and other financial support for severely disabled persons.
Provision of powers for the recovery of premiums from wilful defaulters as a last resort, to ensure that premiums are paid in a timely manner.
Establishment of the CareShield Life Scheme to provide for long-term care financing support for severely disabled persons.
Establishment of the CareShield Life Council to review the administration and sustainability of the CareShield Life and ElderShield Schemes.
Provision for Government administration of the ElderShield Scheme.
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