By MoneyBees
CareShield Life's S$689 to S$806 monthly payout by claim year, a supplement's payout on top, the gap to your care cost and the S$600 a year MediSave premium cap.
S$689 a month for a successful claim in 2026. It keeps paying for life, as long as you cannot do 3 of the 6 activities of daily living.
4% a year from 2026 to 2030: S$717 in 2027, S$745 in 2028, S$775 in 2029 and S$806 in 2030. MOH will review the rate after 2030. The payout stops rising once you claim or turn 67.
An optional plan from a private insurer that pays more on top of CareShield Life, such as a higher monthly payout. You choose the payout and pay the premium.
Yes, up to S$600 a calendar year for each person insured. The premium can come from your own MediSave or from a spouse, parent, child, sibling or grandchild, and you pay the rest in cash.
Being unable to do at least 3 of 6 activities of daily living: washing, dressing, feeding, toileting, walking or moving around, and transferring.
Until you turn 67, or for 10 years if you join at 59 or older. You stay covered for life. Supplement premiums follow your insurer's terms.
An AIC scheme paying up to S$250 a month to severely disabled Singapore citizens aged 30 and above who are not covered by CareShield Life, ElderShield or IDAPE, with household income of S$1,500 or less a person and under S$10,000 in MediSave.
Start from the monthly cost of the care you would want, take away the CareShield Life payout for your claim year, and the rest is the gap a supplement or your savings must fill.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).