askST: CareShield Life - how does it work?

CareShield Life is to help you financially should you become severely disabled and require long-term care.
CareShield Life is to help you financially should you become severely disabled and require long-term care. PHOTO: ST FILE

SINGAPORE - A new long-term care insurance, called CareShield Life, will be launched in 2020, the Health Ministry announced on Sunday (May 27).

Under the new scheme, subsidies will be provided by the Government to help ensure coverage, which is compulsory for new cohorts. Here is what you should know.

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