The Singapore government has accepted the CareShield Life Council's recommendations for the CareShield Life 2025 Review of higher payouts from 2% to 4%, with greater support to cushion the resulting premium increases.
CareShield Life is Singapore’s national long-term care insurance policy.
To help policyholders cope with these increases, the government will provide over S$570m ($444.1m) more in premium support over the next five years. The recommendations will help ensure that CareShield Life continues to support Singaporeans in meeting their basic long-term care needs if they develop severe disability.
The scheme changes will be implemented progressively from January 2026. The enhanced payouts and premiums will be applicable from 2026 to 2030, and will be reviewed thereafter.
Without these support measures, annual premiums would have increased by S$126 on average in 2026 and grown by 4% thereafter. With the support measures, annual premium increases from 2026 to 2030 will be moderated to about S$38 on average, and no more than S$75.
Low- to middle-income Singaporeans will see even lower premium increases, as they will continue to receive means-tested premium subsidies. No one will lose coverage due to an inability to pay their premiums.