CNA938 Rewind - Understanding the 2026 CareShield Life changes
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 2% to 4% a year from 2026 to 2030. Premiums for the scheme will also rise. Andrea Heng and Hairianto Diman speak with Alex Lee, President, Singapore Actuarial Society, to break down what these changes could mean for long-term care support.