Singlife targets 20% elderly surge with new Shield Plan riders

Product enhancements respond to specific demographic shifts in long-term care.

Singlife has introduced new riders for its Integrated Shield Plans, alongside a Care Collab Benefit, as Singapore moves towards a super-aged society.

The insurer said the updates are aimed at addressing rising healthcare needs and costs associated with an ageing population. 

The new riders are designed to provide broader coverage and help reduce out-of-pocket expenses for policyholders seeking treatment in private hospitals.

Singlife’s Care Collab Benefit allows customers to access coordinated care services, supporting them through treatment and recovery.

Singapore is expected to become a super-aged society, where at least 20% of the population is aged 65 and above, increasing demand for healthcare and long-term care services. 

Singlife said its latest product enhancements are designed to respond to these demographic shifts and provide additional financial protection for policyholders.