The CareShield Life Council has been appointed from 1 April 2020 to oversee and advise on the administration and sustainability of both the CareShield Life (CSHL) and ElderShield (ESH) schemes. The Council comprises 14 members from a variety of fields, such as accountancy, actuarial science, investment, medicine, law, union, and government. This enables the Council to benefit from the diverse range of expertise and experiences of the members..
The Council’s Terms of Reference are to:
- Make recommendations on policy and scheme parameters, including premium and benefit adjustments, to ensure that the CSHL and ESH schemes provide effective protection in an affordable and sustainable manner;
- Review the administration of the CSHL and ESH schemes; and
- Advise on matters related to the investment of the CSHL and ESH Insurance Fund (CEIF), and other matters as the Minister for Health may direct.
The CareShield Life Council comprises 14 members. They are:
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Ms Jeanette Wong
Chairman, CareShield Life Council Board Member, UBS Group AG Ms Jeanette Wong sits on the Boards of UBS Group AG, EssilorLuxottica (France), PSA International, Jurong Town Corporation, Fullerton Fund Management Company, FFMC Holdings and the National University of Singapore She is a member of the Securities Industry Council and is also a member of the advisory board of NUS Business School and the University of Chicago Booth School of Business (Asia Cabinet). Prior to her retirement from DBS in March 2019, Ms Wong was the DBS Group Executive responsible for the Institutional Banking Group and also a Director of DBS Bank (China) and the Chairperson of DBS Bank (Taiwan). She was previously the Chief Financial Officer of DBS Group between 2003 to 2008. Before joining DBS Bank, Ms Wong was at JP Morgan from 1986 to 2003 and was JP Morgan’s Singapore head from 1997 to 2003.
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Mr Abdul Hamid Abdullah Mr Abdul Hamid Bin Abdullah is a former Audit Director in the Auditor-General’s Office, Singapore with 38 years of experience in auditing public sector organisations. He is a Certified Information Systems Auditor (CISA), a Chartered Accountant of Singapore (CA Singapore) and a Fellow of the Institute of Internal Auditors (FIIA) Singapore. He is also the Chairman of Madrasah Wak Tanjong, Treasurer of Lembaga Biasiswa Kenangan Maulud (LBKM), Management Committee member of Casa Raudha Women Home, a Council member in Majlis Ugama Islam Singapura (MUIS) (serving as Chairman Audit Committee) and a member of the National Council on Problem Gambling. He has 25 years’ experience as a grassroot leader and currently serves as a member in Bedok Community Club Management Committee (CCMC) and Malay Activity Executive Committees Council (MAEC). |
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Ms Chia Yong Yong Ms Chia Yong Yong is a practising lawyer since 1986. She is a member of SPD’s Board of Management since 2004 and has been serving as its President since 2008. She also sits on the Board of SG Enable and co-chairs the 3rd Enabling Master Plan Implementation Workgroup on “Promoting Independent Living through Design and Technology”. She is also the company secretary of Very Special Arts Limited and a Social Service Fellow. Ms Chia served as a two-term Nominated Member of Parliament from 2014 to 2018 and was the first wheelchair-user Member of Parliament. She was a member of the steering committee of Committee on the Future Economy, the steering committee of the 3rd Enabling Masterplan, and the Compulsory Education Advisory Panel. She was awarded the Bintang Bakti Masyarakat (Public Service Star) in 2018, Pingat Bakti Masyarakat (Public Service Medal) in 2013, and the President’s Social Service Award (Individual Category) in 2011 for her voluntary contributions made to the social service sector.
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Mrs Chng Sok Hui Mrs Chng Sok Hui is the Chief Financial Officer of DBS Group and Chairperson of DBS Bank India. She also serves on the Boards of the Singapore Exchange Limited and Changi Airport Group. She is a member of the International Women’s Forum (Singapore). Mrs Chng is a Chartered Financial Analyst, a Certified Financial Risk Manager, an Institute of Banking and Finance Distinguished Fellow and a Fellow Chartered Accountant of Singapore. She was previously the Managing Director and Head of Risk Management at DBS Group until 2008 and was a Board member of the Inland Revenue Authority of Singapore and the Housing Development Board. |
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Mr J R Karthikeyan Mr J R Karthikeyan (Karthik) is the Chief Executive Officer of AWWA. Karthik started his career as an Occupational Therapist, and has over 20 years of experience managing cross-functional teams in multiple countries. For his contributions to the social service sector, Mr Karthik was recently reappointed as a Social Service Fellow, by the National Council of Social Service (NCSS). Under his leadership, AWWA garnered its first Charity Transparency Award in 2019. Mr Karthik is a member of the Allied Health Professions Council (Ministry of Health), Enabling Masterplan Workgroup on Inclusive Preschool (Ministry of Social and Family Development (MSF)), Enabling Masterplan Workgroup on Independent Living (MSF), Leadership Selection Panel (NCSS), Community Care Skills Standards Task Force (Agency for Integrated Care) and Advisory Committee for Persons with Disability (National Library Board). |
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Dr Loh Yik Hin Dr Loh Yik Hin is a public health physician and the Chief Executive Officer of St Andrew’s Community Hospital. He is also the Chief Operating Officer of St Andrew’s Mission Hospital, and the Director of Health Services for Singapore Anglican Community Services. He currently serves as the Chairman of the Agency for Integrated Care’s MediFund Committee, and is a member of the MOH National One-Rehab Steering Committee and MOH Health IT Steering Committee. He was also a member of the ElderShield Review Committee. |
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Dr Ow Chee Chung Dr Ow Chee Chung is the Chief Executive Officer of Kwong Wai Shiu Hospital. A medical doctor by training, Dr Ow also has a Master in Business Administration (University of Surrey). He has held several leadership appointments in the public service, VWOs and healthcare sector organisations such as the restructured hospitals and health institutions. He has a passionate interest in the development of community care services. |
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Dr Ow Yong Lai Meng Dr Ow Yong Lai Meng is Master Medical Social Worker at Singapore General Hospital. He obtained his PhD in social work at the University of Bristol, with a thesis on policy transfer and policy translation of integrated care in the SingHealth regional health system in Singapore. His interests lie in integrated care and in exploring how health and social policies could advance care services in Singapore. |
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Mr Colin Pakshong Mr Colin Pakshong is an independent consulting actuary and a board member of various insurance companies, including Etiqa Insurance in Singapore. He was CEO of Tokio Marine Asia Life and has lectured at Nanyang Technological University and National University of Singapore, and run training courses for Monetary Authority of Singapore. Mr Pakshong has served on the Council of the Singapore Actuarial Society and was a member of the CPF Advisory Panel. |
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Dr Sung Cheng Chih Dr Sung is currently investment advisor to the Norwegian Ministry of Finance and Bank of Thailand, and board member of MIT Investment Management Company and Wealth Management Institute, Singapore. He is also advising multiple start-ups in diverse fields including renewable energy, blockchain technology, sustainable investing and AI-driven healthcare investing in Singapore, Hong Kong and US. He had previously held senior executive positions in GIC and Avanda Investment Management, and served as investment advisor to the Singapore Ministry of Finance, Monetary Authority of Singapore, MIT Golub Center for Finance & Policy, and Markit Limited. |
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Mr Steve Tan Mr Tan is the Division Director of NTUC’s Membership Services Division, and concurrently the Executive Secretary of the Union of Security Employees (USE), an affiliated union of the National Trades Union Congress. As Division Director for Membership Services, Mr Tan drives the acquisition, engagement and retention strategies for NTUC and its affiliated unions, which collectively represent 1 million members as at 2021. As Executive Secretary of USE, Mr Tan with his union leaders, look at improving the wages, welfare and work prospects of security officers in Singapore. Mr Tan was awarded the Public Service Medal in 2020. |
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Ms Elaine Tay Ling Yan Ms Elaine Tay Ling Yan is a Partner at Rajah & Tann Singapore LLP’s Insurance and Reinsurance Practice. She is ranked highly in Chambers Asia-Pacific as one of the leading Singapore (re)insurance lawyers. She is also listed in Euromoney’s Expert Guides for Insurance & Reinsurance and has acted for insurers in transfers and consolidation of insurance businesses. She was awarded the Asia Women in Business Law Awards 2019 for Insurance and Reinsurance Practice. |
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Dr Yusuf Ali Dr Yusuf Ali is an Associate Professor of Metabolic Disease at the Lee Kong Chian School of Medicine, NTU Singapore. A/Prof Ali specialises in diabetes research and also dedicates time to teaching medical students. He has been an active volunteer for the last 12 years, and is currently the Chairman of the Bedok Communications Workgroup, and the Vice-Chairman of the Bedok Citizens’ Consultative Committee. He was also a member of the ElderShield Review Committee. |
Ex-Officio Member
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Mr Chan Yeng Kit Mr Chan Yeng Kit is Permanent Secretary (Health). He was previously Permanent Secretary (Defence) from 2013 to 2019, Permanent Secretary (Defence Development) from 2012 to 2013, and Permanent Secretary (Information, Communications & the Arts) from 2008 to 2012. Mr Chan’s career has spanned a range of appointments in Government, the labour movement, and the private sector. These include management positions in the Public Service Division, National Trades Union Congress, Singapore-Suzhou Township Development Pte Ltd, Ministry of Trade and Industry, Ministry of Defence, and Ministry of Education. He was Chief Executive Officer of the Infocomm Development Authority of Singapore from 2005 to 2007. He was awarded the Singapore Armed Forces National Serviceman of the Year Award in 1999, conferred the Public Administration Medal (Silver) in 2000, and the Public Administration Medal (Gold) in 2010.
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