Law Passed to Keep CareShield Life Premiums Sustainable; MPs Debate Affordability, Fairness of Insurance Scheme

Law passed to keep CareShield Life premiums sustainable; MPs debate affordability, fairness of insurance scheme

Amendments to the law include the reinstatement of a planned underwriting criteria and expanded avenues for the authorities to serve notices to defaulters of CareShield Life premiums.

Older CareShield Life policyholders could enjoy lower premiums as criteria tightens from 2026

Those born in 1979 and earlier with mild and moderate disabilities have until the end of 2025 to opt into CareShield Life. Read more at straitstimes.com.

Labour Chief Ng Chee Meng calls for payout adequacy and premium affordability in CareShield Life, urges stronger support for caregivers

As Singapore moves towards becoming a “super-aged” society, Labour Chief and NTUC Secretary-General Ng Chee Meng has called for CareShield Life to provide stronger and more reliable support for families and caregivers.   Speaking in Parliament on Wednesday (October 15), he highlighted three key areas: making sure payouts keep up with care costs, keeping premiums affordable, and giving caregivers more support.  Payouts must keep up with rising ca…