Premium rebates are dependent on the recommendations of the CareShield Life Council. The independent council has been set up to regularly review and recommend premium and payout adjustments for CareShield Life, in accordance with an actuarially sound adjustment framework.

 

If there are fewer claims than expected, you might receive premium rebates or have your future premiums adjusted lower. However, if there are more claims than expected, your premiums might need to increase to keep the scheme sustainable.