A question worth asking
Most of us plan for the life we want to live. Very few plan for the day we can no longer live it on our own terms.
Singaporeans aged 65+ may develop severe disability
Average monthly long-term care cost
Average duration of long-term care needs
Estimated total care cost over 10 years
The reality
Singapore is becoming a super-aged society. In 2026, one in five residents are 65 or older. By 2030, that will be one in four. The need for care is not a distant possibility — for many families, it is already here.
The age of the youngest known long-term care claimant — just one year after purchasing coverage.
Source: Singlife claims data 2010–2024
Of long-term care claimants receive payouts for more than 10 years. Care is rarely brief.
Source: Singlife claims data 2010–2024
Of Singaporeans underestimate the actual monthly cost of long-term care by S$1,000–S$2,000.
Source: Singlife Long-Term Care Survey 2024
The human cost
We rarely talk about what severe disability actually looks like for a family — not for the person diagnosed, but for the spouse, the son or daughter, the sibling who quietly rearranges their entire life around someone else’s needs.
76% of those with long-term care needs end up relying on a single family caregiver. That person typically spends 33 hours a week providing care — the equivalent of a full-time job.
44% of caregivers to loved ones with dementia struggle with their own emotional wellbeing. Many withdraw from social life, from work, from their own futures.
“I didn’t know how to physically take care of someone… For 14 years, my life revolved around my mother’s needs.”
— A caregiver, caring for her mother with dementia from her early 20s.
Source: Singlife Dementia Care Survey 2024
The coverage gap
CareShield Life provides a monthly payout for life if you develop severe disability. That is a meaningful safety net. But the numbers tell a clear story about what it covers — and what it does not.
CareShield Life pays
S$662
per month — the current basic payout under the national scheme.
Actual monthly cost
S$2,952
per month — average spend by caregivers on nursing, medicine, home care, transport and daily needs.
Monthly shortfall
S$2,290
per month that falls on personal savings — or your family.
Over 10 years (the average duration of a long-term care claim), that shortfall compounds to over S$420,000 — before inflation. Source: Singlife Long-Term Care Survey 2024 & Singlife claims data 2010–2024.
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This page is intended for informational purposes only and does not constitute financial advice. Statistics referenced are sourced from the Singlife Long-Term Care Whitepaper 2025 and related surveys.
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In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.
根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.
By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.
提交此表格,即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策