Together with our community of financial planning experts, we have put together a special consultation for CareShield Life and whether you should consider upgrading it.
Insurance plan administered by the Singapore government.
Receive monthly payouts if you become severely disabled.
Compulsory for Singapore citizens and PRs.
You can upgrade your basic CareShield Life with supplement plans.
What We Think
As CareShield Life is mandatory,
upgrade using supplement plans to maximize the benefits and coverage.
What We Think
Payout from basic CareShield Life is minimal and may not be sufficient if you become severely disabled.
*If there are sufficient funds in your MediSave account.
What We Think
Put your MediSave to work rather than having it do nothing.
What We Think
Supplements plans are Singapore government MediSave approved plans which complement your basic CareShield Life plan.
Lower criteria to claim benefits
Receive payouts if you are unable to do at least 1 ADLs (Activities of Daily Living) instead of 3 under the basic CareShield Life Plan.
Receive additional monthly payout of $200 to $5,000.
Basic CareShield Life payout is only around $600.
Here at MoneyGrowth.SG, we believe that everyone should have free access to good financial planning advice. Hence, we have put together a community of trusted experts in financial planning.
All our community experts are: