What are the Additional Withdrawal Limits?
The Additional Withdrawal Limits (AWLs) will apply to the additional private insurance coverage component of Integrated Shield Plan (IP) premiums from and allow Singapore Residents to use Medisave, up to a cap, to pay for their IP premiums (see Diagram below for illustration).
The AWLs are set as follows and will apply to all IPs renewing or commencing on or after the launch of MediShield Life:
- $300 for those with age next birthday 40 and below;
- $600 for age next birthday 41 to 70; and
- $900 for age next birthday 71 and above