Why ElderShield is not bad for the young

The proposal by the ElderShield Review Committee in January to make the policy mandatory is raising eyebrows, especially among the younger generation who not only share a disdain towards the name but also detest mandatory spending that cuts their pay cheque.

Many wonder why there is a need for such disability insurance in the first place. And if there is such a need, why does ElderShield start at such a young age? And how does this public insurance policy differ from the private ones? To address these concerns of the young, we have to start with the basics.

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A version of this article appeared in the print edition of The Straits Times on March 27, 2018, with the headline 'Why ElderShield is not bad for the young'. Print Edition | Subscribe