ElderShield is a severe disability insurance scheme which aims to provide basic financial protection to Singaporeans who need long-term care, especially in old age. Launched in 2002, the scheme was designed to help supplement Singaporeans’ savings in the event of severe disability.

* Announcement: CareShield Life will replace the ElderShield from 2020

All Singapore Citizens and Permanent Residents with Medisave accounts are automatically enrolled in ElderShield at the age of 40, unless they opt out of the scheme.

Ministry of Health – About Eldershield

Ministry of Health – CareShield Life