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ElderShield and CareShield.

What do they do for you?

Many Singaporeans we spoke with are unaware of what ElderShield does for them. Are you one of them?

ElderShield is a long term care insurance plan, a national severe disability insurance plan that helps you with your long term care needs.Singapore citizens and permanent residents with MediSave accounts are automatically enrolled for this plan when they turn 40 years old. When you are turning 40, you are allocated a private insurer and you will receive from the insurer of your auto enrolment.

Can I opt out? Well, you can… But why would you? Read on ….

How it works?

When you are unable to perform at least 3 out of 6 of the Activities of Daily Living(Washing, dressing, feeding, toileting, transferring and mobility), even with the aid of special equipment, and always require the physical assistance of another person throughout the entire activity, you are considered to have severe disability. Under such circumstance, a claim for the monthly cash payout can be made under ElderShield.

There are currently 2 schemes: ElderShield300 and ElderShield400.

ElderShield300, launched in September 2002 provides a monthly payout of S$300 for a maximum of 60 months (5 years).

ElderShield400, which came about after the ElderShield reform in 2007. It provides a monthly payout of S$400 for a maximum of 72 months (6 years). Singapore Citizens and Permanent Residents who joined ElderShield on or after 30 September 2007 will be under the ElderShield400 scheme.

CareShield Life will replace ElderShield in 2020. Singaporeans will be automatically included in the scheme

I already have TPD coverage in my life insurance.

Good to know that you have life insurance! But do you know that most insurers in Singapore provide TPD coverage only up to the age of 70 for their whole life insurance?

However, both the Basic ElderShield and ElderShield Supplement provide lifetime coverage against severe disability, providing insurance coverage when a disability occurs later on in life after your TPD coverage expires.

But what can $300 or $400 do?

Exactly! You can’t even pay for the salary for a domestic helper to help you when you have problem taking care of yourself.

We have the solution for you…

You can have the options to enhance your ElderShield program to a higher payout every month and for longer periods. These options are known as Eldershield Supplements.

Your ElderShield Supplement can be paid using your own MediSave, or the MediSave of your spouse, parents, children, or grandchildren, up to a limit of $600 per year.

Do something for yourself today. Stop yourself from being a liability to your children in the latter years.

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Terms & Conditions

  1. The information on this page and form is not to a contract  for insurance.
  2. Insurance coverage is subject to approval.