Careshield Life vs ElderShield
CareShield Life, which is a new basic long-term care insurance scheme, is in operation in Singapore. This disability insurance scheme is not entirely a new thing. Before, it was known as ElderShield. However, there are some critical differences between them regarding eligibility, premiums, premium payment term, and duration of payout. All Singaporeans aged 40 and below will automatically come under CareShield Life from October 2020. And Singaporeans under this category will have no option to leave the scheme. So, if you’re one of them, this comparison article might not probably be relevant. Please spend some time reading our guide on CareShield Life here. However, if you’re more than 40 years old, this article is for you. The decision you need to make is to choose to stay with CareShield Life or opt-out altogether. This article aims to provide you with pointers to help you make an informed decision. And through which, hopefully, you understand what suits you best while also not b...