notice

This plan has been withdrawn from new policies as of 9 September 2025. If you are looking for a long-term care insurance plan, consider our Care Secure Pro which is available for purchase.

Important Announcement

The Ministry of Health (MOH) recently announced an enhancement to our national long-term care insurance, CareShield Life (CSHL). From 1 January 2026, the scheme’s monthly payout growth rate will be doubled from the current 2% to 4% a year, with government support to cushion the resulting premium increases. You may refer to the MOH website: www.moh.gov.sg for more details on the CSHL enhancement.​

Starting from 1 January 2026, Income Insurance will introduce an ‘adjusted benefit’ to enhance the Care Secure disability benefit for severe disability claims. Currently, the Care Secure disability benefit for severe disability claims will pay the difference between 100% of the disability benefit and the CSHL benefit that applies the scheme’s stipulated growth rate of the monthly payout at that time. ​

With the introduction of the ‘adjusted benefit’, this will continue to assume the current growth rate of 2% for the CSHL monthly payout. This maintains the difference between 100% of the disability benefit for severe disability and the payout by CSHL even when the CSHL growth rate subsequently increases to 4% from 2026.

With this enhancement to the disability benefit for severe disability claims, the policyholders will maintain an equivalent protection under Care Secure while receiving a higher monthly payout under the enhanced CSHL scheme from January 2026 onwards. ​

To ensure a seamless transition, the enhanced disability benefit will be automatically applied to your Care Secure policy from 1 January 2026. ​

Please click here for more information on the enhancement.

Importance of Long-Term Care Planning

Here’s how Care Secure enhances CareShield Life coverage for disability.

Enjoy these additional benefits.


Your policy toolkit.

Side Banner Image

The best deals. Just for you.

alt

Get advice tailored to your needs.

We are here to help. Leave your contact details below and one of our Income Advisors will reach out to you in 3 working days.

By providing and submitting the information, I give my consent and agree to Income Insurance Limited, its representative, agents (collectively “Income”) and its third party service provider(s) acting on behalf of Income in collecting, using and disclosing my personal data (including any update that I have given to Income) to contact me for marketing & promotional information relating to products and/or services offered and/or distributed by Income via email, call, and/or text messages/SMS.

I understand that the consent provided by me in this form is in addition to and does not supersede any consent which I may have provided previously in respect of the above purposes, unless my consent is withdrawn and notified to Income. I may withdraw my marketing consent given by email to mk@income.com.sg. Please refer to Income's Privacy Policy for more information, including access and correction of my personal data and consent withdrawal.

If I have notified Income that I am withdrawing my consent, I understand that my request will be effected within 10 days and I will stop receiving marketing messages after 21 days for the selected mode(s) of communication. I agree that I will continue to receive marketing messages via other modes of communication or on specific product(s) or services where my consent has been given to Income unless such consent has been withdrawn.

add
0
https://www.income.com.sg/?success=true
https://www.income.com.sg/?success=false
False
True

loading