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ElderShield & CareShield Life

Government-Backed Scheme

ElderShield & CareShield Life

Monthly Payout

$689+ (2026)

Payout Duration

Lifetime

Premium Payment

MediSave

Singapore's national long-term care insurance schemes providing lifetime monthly payouts for severe disability. CareShield Life replaced ElderShield in 2020 with enhanced benefits including lifetime coverage and annual payout increases.

The Basics

What is CareShield Life?

CareShield Life is Singapore's national long-term care insurance scheme that provides basic financial support if you become severely disabled and cannot perform at least 3 of the 6 Activities of Daily Living (ADLs).

It replaced ElderShield in 2020 and is mandatory for Singapore Citizens and Permanent Residents born in 1980 or later. The scheme provides lifetime payouts that increase over time, funded by premiums that can be fully paid using MediSave.

2026 Enhancement

From January 2026, the annual payout growth rate has doubled from 2% to 4%. The government is providing over $570 million in subsidies to help with premium increases.

CareShield Life at a Glance

Monthly Payout (2026) From $689/month
Payout Duration Lifetime
Annual Payout Increase 4% per year
Premium Period Until age 67
Auto-Enrollment Age Age 30
Eligibility Citizens & PRs
1

The Problem

Long-term care costs can last for years, potentially exhausting family savings and retirement funds.

2

The Reality

MediShield Life and hospital plans focus on medical bills. They do not replace long-term income.

3

The Solution

CareShield Life provides monthly cash to support daily living needs when you can no longer care for yourself.

The Reality

Why Long-Term Care Planning Matters

1 in 2

Singaporeans healthy at 65 are at risk of becoming severely disabled

$2,952

Average monthly cost of long-term care including all expenses

10+ Years

Average duration of long-term care claims

Monthly Cost Breakdown

$391

Medication

$430

Personal Care

$166

Transport

$369

Home Mods

👨‍👩‍👧

2 in 3

Fear Being a Burden

Are concerned about becoming a burden to their loved ones

💰

59%

Deplete Family Savings

Of caregivers dip into personal savings to finance care

Nursing home costs range from

$2,200 - $4,200/month

Before MOH subsidies • Source: Agency for Integrated Care

Source: Singlife Long-Term Care Research 2024

Claim Criteria

When Do You Qualify?

Unable to perform at least 3 out of 6 Activities of Daily Living (ADLs) independently

🚿

Washing

Bathing or showering

👔

Dressing

Putting on or removing clothes

🍽️

Feeding

Eating prepared food

🚽

Toileting

Using toilet, managing hygiene

🚶

Mobility

Moving indoors room to room

🛏️

Transferring

Bed to chair movement

Assessments conducted by MOH-accredited assessors. First assessment is free.

The Problem

The Coverage Gap

CareShield Life alone may not be enough for quality long-term care

CareShield Life Upgrade

BRIDGES THE GAP

Optional upgrade for adequate protection

Higher monthly payout (up to $5,000)
Covers 100% of average care costs
Up to $600/yr via MediSave
Protects family from financial burden

Recommended by MOH for all Singaporeans & PRs to enhance their coverage

CareShield Life

BASE COVERAGE

Government-mandated for SC/PR born 1980+

- Basic payout: $689/month
- Lifetime coverage
- MediSave payable
- Covers only 23% of care costs

Without a supplement, there is a $2,263/month gap in coverage

Comparison

Base vs Upgrade

CareShield Life

Status Mandatory
Payout Standardised
Duration Lifetime
Adequacy Basic
Premium MediSave
Coverage Level 23% of avg care costs

CareShield Upgrade

Status All SC/PRs benefit
Payout Higher
Duration Customisable
Adequacy Income-focused
Premium Cash + up to $600 MediSave
Coverage Level 100%+ of avg care costs

ElderShield vs CareShield Life

CareShield Life replaced ElderShield in October 2020 with significantly improved benefits:

Feature ElderShield 300 ElderShield 400 CareShield Life
Monthly Payout $300/month
(Fixed)
$400/month
(Fixed)
$689+/month
(Increases yearly)
Maximum Payout Duration 5 years 6 years Lifetime
Maximum Total Payout $18,000 $28,800 Unlimited
Annual Payout Growth None None 4%/year

10-Year Payout Illustration

ElderShield 300

$18,000

Maximum payout

Stops after 5 years

ElderShield 400

$28,800

Maximum payout

Stops after 6 years

CareShield Life

$100,000+

Over 10 years (with growth)

Continues for life

The Solution

CareShield Life Upgrades

Bridge the protection gap with MOH-approved supplements. Up to $600/year payable via MediSave.

Recommended
Singlife

CareShield Standard / Plus

Great Eastern

Great CareShield Supreme

Income Insurance

Care Secure Pro

Feature Singlife
Standard / Plus
Great Eastern
Great CareShield Supreme
Income
Care Secure Pro
Monthly Benefit $200 - $5,000
Option: Level or escalating (2-3% p.a.)
$300 - $5,000
in increments of $10
$200 - $5,000
in increments of $10
Maximum Benefit Period Lifetime Lifetime Lifetime
Claims Eligibility
(Monthly Benefit)
Standard: ≥2 ADLs (100% for 12 mo), ≥3 ADLs (lifetime)
Plus: ≥1 ADL (100% for 12 mo), ≥2 ADLs (lifetime)
≥1 ADL: 50% monthly
≥2 ADLs: 100% monthly
≥1 ADL: 60% (up to 60 mo before age 75)
≥2 ADLs: 100% monthly
Waiting Period None
(90-day deferment for monthly benefit)
90 days 90 days
Initial Lump Sum Benefit 3× monthly benefit
(≥3 ADLs for Standard, ≥2 ADLs for Plus)
3× monthly benefit
(≥1 ADL)
3× monthly (≥2 ADLs)
6× monthly (≥3 ADLs)
Death Benefit
(During Claims)
3× last monthly benefit - 3× monthly benefit
Dependant Benefit 20% of monthly for up to 36 mo
(child ≤22 at claim)
30% of monthly for up to 48 mo
(child <22 at claim)
25% of monthly for up to 36 mo
(dependant at claim)
Caregiver Relief Benefit 60% for up to 12 months 60% for up to 12 months 60% for up to 12 months
Premium Waiver ≥1 ADL ≥1 ADL ≥1 ADL
Other Benefits ✓ Rehabilitation benefit (Standard)
✓ Guaranteed Issuance Option
- -
Premium Structure Level or Escalating Level Level
Entry Age 30 - 64 30 - 64 30 - 69

Premiums are inclusive of GST. All indicated ages are as of last birthday. Premium rates are non-guaranteed.
📄 View Official MOH Comparison (Sep 2025)

Why We Recommend Singlife CareShield

  • - No waiting period - claims start immediately
  • - Death benefit during claims period
  • - Premium waiver from just 1 ADL
  • - Escalating payout option (2-3% p.a.)
  • - Guaranteed Issuance Option at key life events
  • - Rehabilitation benefit (Standard plan)

Ready to Upgrade Your CareShield Life?

Get a quote for Singlife CareShield in minutes. Up to $600/year payable via MediSave.

Get Singlife CareShield Quote

Important Tips

Key Considerations

Don't Wait Until 37

Most Singaporeans believe the ideal age to start preparing is 37 years old. However, CareShield Life eligibility starts at age 30 - that's 7 years earlier. Starting early means lower premiums and better protection while you're still healthy.

1

MediSave Optimisation

Use up to $600/year from MediSave for CareShield Life Upgrades instead of paying cash.

2

Early Application Advantage

Age 30 pays ~$266-$394/year. Age 50 pays ~$2,000-$3,000/year for same coverage.

3

Health Declaration

Pre-existing conditions may result in exclusions. Secure coverage while healthy.

4

Government Subsidies

Over $570M in support from 2026-2030. Up to 30% subsidies for lower-income households.

Common Misconceptions

Belief

"I already have hospital insurance."

Reality

Hospital plans pay medical bills. CareShield pays monthly living support.

Belief

"My family will take care of me."

Reality

Caregiving has significant financial and emotional cost on loved ones.

Belief

"Government payout is enough."

Reality

$689 covers only 23% of costs. There is a $2,263/month gap.

Questions

Frequently Asked Questions

Am I covered under CareShield Life?

Born 1980 or later: You're automatically enrolled when you turn 30 (mandatory for SC/PR).

Born 1970-1979: If you were on ElderShield 400 and not severely disabled, you were auto-enrolled in Dec 2021.

Born before 1970: You can voluntarily join if you're not severely disabled.

How do I make a CareShield Life claim?

1. Contact an MOH-accredited assessor for a disability assessment (first assessment is free).
2. Login to AIC's eService portal (eFASS) with Singpass to submit your claim.
3. Processing takes 6-8 weeks. If approved, payouts start the following month.

What's the difference between MediShield Life and CareShield Life?

MediShield Life: Covers large hospitalisation bills and selected outpatient treatments.

CareShield Life: Provides monthly cash payouts for long-term care if you become severely disabled.

Both are MediSave payable and complement each other.

Can I use MediSave to pay for supplements?

Yes. Use up to $600/year per insured person from MediSave for CareShield Life Upgrades. You can also pay for immediate family members (spouse, parents, children, siblings, grandchildren). Any amount above $600/year is paid in cash.

Secure Your Long-Term Care Protection

Get a CareShield Life Upgrade while you're young and healthy for lower premiums and comprehensive coverage.

MOH-approved supplement providers:

Singlife Great Eastern Income Insurance

Official Resources

How This Fits Your Plan