Launch of CareShield Life in 2020: How the long-term disability insurance will impact you

People born in or before 1979 have the option to join CareShield Life a year later - from mid-2021. Those on ElderShield and still paying premiums will have the rest of their premiums adjusted to take the higher benefits into account.
People born in or before 1979 have the option to join CareShield Life a year later - from mid-2021. Those on ElderShield and still paying premiums will have the rest of their premiums adjusted to take the higher benefits into account.ST PHOTO: KELVIN CHNG

SINGAPORE - CareShield Life will be a compulsory long-term care insurance for Singapore residents born from 1980 onwards, regardless of their health, disability or financial status.

They will be automatically enrolled when the scheme is launched in mid-2020, or when they reach their 30th birthday.

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