ElderShield is a severe disability insurance scheme launched by the Singapore Government.
It is aimed at providing long-term care protection to elderly Singaporeans.
This scheme is currently run by 2 insurers, NTUC Income & Great Eastern Life.
All CPF members who reach the age of 40 are automatically covered under the scheme, unless they opt out.
The scheme pays a cash benefit of $300 a month for up to a maximum of 60-months if the insured (policy-holder) is unable to perform at least 3 ADLs.
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