What You Need to Know About CareShield Life
CareShield Life takes effect from 1st Oct 2020. What is it all about? CARESHIELD LIFE gives basic financial protection against severe disability What you should know about CareShield Life: CareShield Life replaces ElderShield (Those who are on ElderShield can opt to switch). CareShield Life will be automatically effected on all Singaporeans born 1980 or after. CareShield Life provides basic financial protection in the case of severe disability. Premiums will be deducted from MediSave account. On 1st October 2020, the compulsory CareShield Life will take effect for all Singaporeans. CareShield Life is the national insurance scheme that replaces Eldershield (which covers those born in 1979 or earlier). It offers basic financial protection for those who suffer from permanent disability and need long term care. source