Eldershield
![Eldershield](https://c3a-mobileapp-s3-prod.s3.ap-southeast-1.amazonaws.com/s3fs-public/2021-02/eldershield.jpg)
ElderShield is an affordable severe disability insurance scheme which provides basic financial protection to those who need long-term care, especially during old age. It provides a monthly cash payout to help pay the out-of-pocket expenses for the care of a severely-disabled person.
Singapore Citizens and Permanent Residents (PRs) with Medisave accounts are automatically covered under ElderShield at the age of 40.