The Total CareShield Life Participation Incentives you are eligible for will be spread equally over 10 years and will be used to offset the annual premium payable in that year.
For Singapore Citizens who were covered under CareShield Life by 31 December 2023:
|
Birth Year
|
Annual Participation Incentive
|
Total Additional Participation Incentives for Merdeka Generation (MG) & Pioneer Generation (PG) seniors
|
Total Participation Incentives over 10 years
|
|
1975 - 1979
|
$50
|
N.A.
|
$500
|
|
1970 - 1974
|
$100
|
$1,000
|
|
1965 - 1969
|
$150
|
$1,500
|
|
1960 - 1964
|
$200
|
$2,000
|
|
Before 1960
|
$250
|
$1,500
|
$2,500 for non-MG and non-PG seniors
|
|
$4,000 for MG and PG seniors
|
For Singapore Citizens who were covered under CareShield Life between 1 January 2024 and 31 December 2024:
|
Birth Year
|
Annual Participation Incentive
|
Total Additional Participation Incentives for Merdeka Generation (MG) & Pioneer Generation (PG) seniors
|
Total Participation Incentives over 10 years
|
|
1975 - 1979
|
$37.50
|
N.A.
|
$375
|
|
1970 - 1974
|
$75.00
|
$750
|
|
1965 - 1969
|
$112.50
|
$1,125
|
|
1960 - 1964
|
$150.00
|
$1,500
|
|
Before 1960
|
$187.50
|
$1,125
|
$1,875 for non-MG and non-PG seniors
|
|
$3,000 for MG and PG seniors
|
You may also access the CareShield Life Premium Checker e-Service with your Singpass for information on your personalised premiums and premium support, which includes the participation incentive you are eligible for.
These Participation Incentives will not apply if you are covered under CareShield Life after 31 December 2024.
