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