An independent council will be set up to regularly review and recommend premium and payout adjustments for CareShield Life, in accordance with an actuarially sound adjustment framework.

Should the amount of claims be lower than expected, the council could recommend adjustments to future payouts and premiums (e.g. to reduce the rate of premium increases, or even lower the premiums). Conversely, if the amount of claims is higher than expected, the council could recommend adjustments (e.g. increase the rate of premium increases) to make the scheme more sustainable. A premium rebate is one possible mechanism within this framework.