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Updates on 20 Apr 2021

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Monthly ElderShield cash payouts for up to 60/72 months


Overview





Complete claim assessment



Submit your application


Scheme feature

ElderShield 300

ElderShield 400

CareShield Life

Payout amount

$300

$400

Payouts start at $600/month in 2020 and increase over time

Payout duration

60 months

72 months

For entire duration of disability

Government subsidies

None

None

Yes, depending on circumstances

Payment by MediSave

Yes

Yes

Yes

Payout criteria

Unable to perform 3 or more of the 6 activities for daily living