Protection planning for a longer life
We're living longer and facing increasingly complex health, caregiving and financial challenges.
This year, at the inaugural Singlife Symposium, we explored how protection can help individuals and families prepare earlier and navigate life’s uncertainties with greater confidence.
We examined three key areas of protection planning.
Critical Illness and the Recovery Gap
More people in Singapore are surviving critical illnesses such as cancer, stroke, and heart attack, thanks to advances in screening, diagnosis, treatment and rehabilitation.
But treatment is only part of the journey. Recovery often continues long after discharge and may involve ongoing medical care, caregiving support, income disruptions and other costs. Yet recovery remains one of the most overlooked aspects of critical illness preparedness.
What’s the Recovery Gap?
While medical insurance typically covers hospital treatment and critical illness protection can provide financial support for income loss1, many underestimate the cost and caregiving responsibilities after hospitalisation and medical treatment ends.
The Recovery Gap is the shortfall in support needed to recover from a critical illness.
To better understand these often-overlooked challenges, Singlife's Closing the Recovery Gap report explores what critical illness recovery looks like, the support people need beyond treatment, and how individuals and families can prepare more holistically to recover well.
The Recovery Gap, in Numbers
Protection goes beyond recovery
While long-term care is often associated with ageing, it can also arise following a critical illness or disability that can happen at any stage of life. In fact, more than half of Singlife’s long-term care claims were linked to critical illness conditions.
Planning early can help protect your independence, ease the financial burden on loved ones, and give you greater confidence for the future.
Retirement planning is about preparing for uncertainties and ensuring you have the resources and flexibility to support your lifestyle, health and care needs in the years ahead.
Explore plans to strengthen your retirement income.
Close the Protection Gap
Enjoy these offers – plan and protect your income and savings with solutions that help you prepare for life's uncertainties.
10% perpetual and 30% off 1st year premium discount
A multiple-payout plan that covers critical illnesses across different stages, so you are supported at every unexpected turn.
10% perpetual and 20% off 1st year premium discount
A single-payout plan that gives you the financial support to tackle various stages of critical illness.
Up to 35% perpetual discount
Two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
A Better Way to Journey Through Health
Important notes
1. Based on LIA's 2022 Protection Gap Study (page 5): https://www.lia.org.sg/media/3974/lia-pgs-2022-report_final_8-sep-2023.pdf
2. 27 months is the average duration for recovery. Recovery can last as long as 237 months (nearly 20 years) for some critical illness survivors.
3. Figures are based on Singlife Critical Illness Study, information accurate as at May 2026. Actual experiences and costs may vary depending on illness type, severity, treatment pathway, recovery duration and caregiving needs.
Terms and conditions
Terms and conditions for the CARE Promotion Premium Discount
Terms and conditions for the Symposium Lucky Draw