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A Singapore Government Agency Website How to identify
CareShield Life / ElderShield
Central Provident Fund Board
Ministry of Health

About CareShield Life
Benefits
CareShield Life Claims
CareShield Life Council
CareShield Life and Long-Term Care Act

Caring for You, for Life

CareShield Life benefits are designed to provide you with lifetime protection and assurance for your basic long-term care needs, should you develop severe disability. Click here to find out more about the claim criteria and process.

Lifetime coverage

Lifetime coverage

  • You continue to be covered for life 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

Lifetime cash payouts

  • You will receive monthly payouts for as long as you are unable to do 3 or more Activity of Daily Livings.
  • 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)
Payouts Monthly Payout is $649 in 2024 and increases over time
  • Your monthly payouts will increase annually until age 67 or when a successful claim is made, whichever is earlier. Once a successful new claim is made, your monthly payout amount will remain fixed for the duration of your severe disability.
  • From 2020 to 2025, payouts will increase at 2% per year. Thereafter, payout increases and corresponding premium adjustments will be recommended by an independent CareShield Life Council.
  • If you are 67 or older when the scheme is open to you, i.e. born in 1954 and earlier, your monthly payout will be fixed at $612/month.
  • Refer to illustration below for examples.  What is CareShield Life
Worldwide Coverage

Worldwide coverage

  • You will remain covered, be able to make a claim regardless of where you are residing, and receive payouts.

Supplements can be purchased from the private insurers should you wish to have higher coverage or benefits beyond those provided by the CareShield Life scheme. You can find out more about Supplements here.


What are your CareShield Life payouts if you develop severe disability?


Monthly Payout
Birth Year Monthly payout for the duration of severe disability if a successful claim is made in Year X
2020 2021 2022 2023 2024 2025
1954 and earlier N.A.1 $612
1955 $612 $624
1956 $624 $637
1957 $637 $649
1958 $649 $662
1959 to 1979
1980 and later $600

1Singaporeans born in 1979 or earlier can only join CareShield Life from 6 November 2021.

Have a question about CareShield Life? We may have an answer here.