When it comes to insurance, many women share a familiar frustration: We do our best to live healthily, but the higher premiums we pay for certain insurance make us feel like we have manoeuvred ourselves into a corner.
The recent debate over CareShield Life premiums is a prime example. Looking at the comments on social media, many Singaporean women clearly felt they had been dealt the short end of the stick.
CareShield Life is Singapore’s mandatory long-term care insurance scheme that gives lifetime monthly payouts to Singaporeans who become severely disabled and require assistance with daily living. It aims to offer basic financial protection against the high costs of long-term care, with premiums paid during working years.
