KUALA LUMPUR, Nov. 7 -- If Malaysia was to introduce its own national insurance for long-term care (especially for older persons), could the Singapore experience be a useful reference?

Here's a quick look at the Singapore government's national long-term care insurance CareShield Life, provided via its equivalent to Malaysia's Employees Provident Fund which is the Central Provident Fund (CPF).

In 2020, Singapore launched CareShield Life which offers lifelong monthly cash payouts if one becomes severely disabled and needs long-term care.

According to Singapore's Health Ministry, severe disability may be due to sudden events such as strokes and spinal cord injuries; or worsening chronic diseases such as diabetes; or illnesses in old age s...