50% off: CareShield Life Supplement

At a Glance

Ease the cost of long-term disability care

Higher monthly payouts in the event of severe disability

Eligible for all Singaporeans and PRs

After your 30^th birthday

Affordable premiums

Payable with CPF MediSave up to approved limits

Did you know that CareShield Life Supplement adds on to CareShield Life by providing higher monthly payouts in the event of severe disability? We may be strong and healthy now but it’s always wise to plan for the unexpected.In the face of life-changing circumstances, proper coverage can do more than support your recovery. It can protect your family’s future, offering security and a path forward. Watch a story of a young couple start a family while navigating challenging times.

PromotionsGet 50% off your first-year premium when you sign up for Singlife CareShield Standard/Plus Plans with the promo code DS50. You’ll also enjoy a 20% lifetime premium discount thereafter. Terms and conditions apply.Apply now

Features & BenefitsWhat CareShield Life is and Why You Might Need ItBy age 65, half of Singaporeans may experience a severe disability requiring long-term care.CareShield Life is a long-term care insurance plan offering financial protection against these costs.In the event of a severe disability, you'll receive lifetime monthly cash payouts starting at S$600 (based on a 2020 claim). These payments increase annually by 2% until age 67, or until your claim ends, whichever comes first. See the table below for details.Your CareShield Life Payouts

¹ Singaporeans born in 1979 or earlier can only join CareShield Life from 6 November 2021.

What’s the difference between CareShield Life and CareShield Life Supplement?
What is CareShield Life?	CareShield Life provides monthly payouts to help cover long-term care expenses following a severe disability, which is defined as requiring assistance in at least 3 of these 6 activities of daily living (ADLs): Feeding or eating without help Getting dressed Using the toilet Bathing Moving or walking on flat ground Transferring from the bed to a chair, or vice versa
What is CareShield Life Supplement?	The CareShield Life Supplement provides enhanced benefits, including higher payouts and expanded coverage.

Do you have a CareShield Life Supplement plan? You can check this out when you link SGFinDex on digibank. You’ll get a consolidated view of all your insurance coverage, including CareShield Life Supplement. If you already have it, your plan will appear in this section. SGFinDex gif

Alternatively, follow these steps to check on the CPF website.Step 1: Visit the CPF website
Step 2: Log in using Singpass
Step 3:  Hover over ‘my cpf’ and select ‘Healthcare’ under ‘My dashboards’
Step 4:  Select ‘Long-term care insurance’ on the anchor links or scroll down to the ‘Long-term care insurance’ section.If you have a CareShield Life Supplement plan, the insurer of your Supplement plan will show up (i.e. Singlife, Income or Great Eastern) in this section.If you do not have a supplement plan, this section will not reflect any information.

Considerations for Plan SelectionTake into account your caregiving preference in the event you are severely disabled. The cost varies widely based on an individual’s condition, type of disability, and care preferences.As an estimate, the cost could range between S$900 and S$4,000 per month before subsidies, depending on whether care is provided at home, at a day care centre, or in a nursing home. This is separate from the cost of engaging a domestic helper and other common expenses including assistive devices like walking sticks and wheelchairs.How much does the premium cost?The premium of CareShield Life Supplement can be paid by cash or by using the insured’s own or the insured’s family member’s (e.g. spouse, parents or children, sibling or grandchild) MediSave, up to a limit of S$600 per year. Cash can be used for the remaining amount above S$600.

Eligibility RequirementsAll Singaporean Citizens and Permanent Residents are eligible after their 30^th birthday.If you were born in the year 1979 or earlier, you can opt in for CareShield Life here.If you were born in the year 1980 to 1993, you’re automatically covered by CareShield Life starting 1 October 2020 or when you turn 30 years old.If you were born in the year 1994 or later – fret not, you will be automatically covered when you turn 30.You can purchase a CareShield Life Supplement if you have an existing CareShield Life policy.

Disclaimer

This promotion is a collaboration between DBS Bank and Singlife. In order to participate in the 50% discount, eligible customers must key in the promo code 'DS50’. All ages mentioned refer to age next birthday (ANB).

Terms and conditions apply for Singlife CareShield Standard / Plus 50% off first year discount and 20% lifetime premium discount. View the full terms and conditions for both here.
Severe disability refers to being unable to perform at least two (for Singlife CareShield Plus) or three (for Singlife CareShield Standard) of the six Activities of Daily Living (ADLs). The ADLs are washing, toileting, feeding, dressing, transferring and mobility.
MediSave use is applicable to an amount of up to S$600, per calendar year, per life assured. Premiums exceeding this limit will have to be paid in cash. If there are insufficient funds in the designated MediSave account, cash payment will be required for the difference.
Payouts will be reviewed regularly and may be adjusted to account for claims experience and long-term changes in disability and longevity trends.

Please refer to the Product Summary for more details.

This policy is underwritten by Singapore Life Ltd. (""Singlife""). This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You may get a copy of Product Summary from Singapore Life Ltd. or our participating distributors' offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. If you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.

Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. You will need to have a basic CareShield Life (CSHL) or ElderShield (ESH) policy before purchasing Singlife CareShield Standard or Singlife CareShield Plus (“Supplements”). Supplements purchased by CSHL policyholders are regulated under the CareShield Life and Long-term Care Act. Supplements purchased by ESH policyholders before the transfer of ESH to Government administration are considered ESH Supplements, which are regulated under the Central Provident Fund (Withdrawals for ElderShield Scheme) Regulations. After the transfer, they are considered CSHL Supplements, regulated under the CareShield Life and Long-term Care Act.

This is not an insurance contract. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Chubb or visit the General Insurance Association or SDIC websites.