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How will the new Additional Withdrawal Limits impact how much cash an Integrated Shield Plan (IP) policyholder will have to pay for his IP premium?
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If the Integrated Shield Plan (IP) policyholder does not move into a higher age band and does not change plan, and has sufficient Medisave, he will pay the same or less cash with the new Additional Withdrawal Limits (AWLs).
This assurance is based on the Life Insurance Association’s (LIA) commitment that the IP insurers will not be increasing their additional private insurance component of all IPs for one year from the launch of MediShield Life, but may not hold, should there be significant increases in the claims for the additional private insurance component of IP thereafter.
This information provided here is sourced from the MOH website.
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