How new insurance scheme CareShield Life affects you

CareShield Life will pay a fixed monthly amount of at least $600 for the duration of the disability.
CareShield Life will pay a fixed monthly amount of at least $600 for the duration of the disability.ST PHOTO: LIM YAOHUI

A new, compulsory, national long-term care insurance comes into force today for all residents born in 1980 or later. Called CareShield Life, it provides payouts for people who are severely disabled. Straits Times senior health correspondent Salma Khalik answers questions on this new scheme.

A The two insurance schemes are completely different.

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A version of this article appeared in the print edition of The Straits Times on October 01, 2020, with the headline 'How new insurance scheme CareShield Life affects you'. Subscribe