CareShield Life Premiums and Payouts to Increase From 2026

CareShield Life to offer higher payouts from 2026; $570m in subsidies to offset premium increases

Higher payouts help Singapore residents with severe disabilities cushion fast-rising costs of long-term care. Read more at straitstimes.com.

CareShield Life premiums and payouts to increase from 2026

From 2026 to 2030, those enrolled in the scheme will see their premiums increase by an average of S$38 annually, said the Ministry of Health.

CareShield Life Payout Growth Doubles to 4% from 2026, Boosting Claims by 2030

Singapore’s compulsory national disability insurance scheme, CareShield Life, is set to undergo significant changes in 2026. The Ministry of Health (MOH) has announced that both monthly cash payouts and premiums will increase to ensure the scheme remains sustainable amid the rising costs of long-term care in the country. Enhancing CareShield Payouts MOH stated that one of the key changes is the enhancement of payouts for individuals with severe …

CareShield Life payouts to rise faster from 2026, but premiums will also increase

Singaporeans on the national long-term care insurance scheme CareShield Life will face higher premiums and higher payouts from 2026, the Ministry of Health (MOH) announced on 27 August 2025. Between 2026 and 2030, premiums will rise by an average of S$38 annually, with some policyholders seeing increases of up to S$75 each year, according to MOH. The government said the rise was necessary to sustain enhanced benefits, but that transitional suppo…

Careshield Life payouts to double from 2% to 4%, with Gov't pledging additional $570M to subsidise higher premiums

SINGAPORE: The government announced today (Aug 27) that it has accepted the CareShield Life Council’s recommendations from its 2025 review, which include higher payouts under the national long-term care insurance scheme and enhanced government support to ease the impact of premium increases. The Ministry of Health (MOH) said in a press statement that the changes […]

CareShield Life to offer higher payouts from 2026; $570m of subsidies to offset premium increases

SINGAPORE — From 2026, CareShield Life will offer higher monthly cash payouts to help Singapore residents with severe disabilities cushion the fast-rising cost of long-term care.The payout growth rate will rise from the current two per cent a year to four per cent a year from 2026 to 2030. Consequently, those who make a claim in 2030, for instance, will...