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Why are my full healthcare renewal premiums deducted from my GIRO bank account when I have set up monthly GIRO instalments?

Updated by CPF
If you have set up GIRO for healthcare renewal premiums, your MediShield Life/ CareShield Life/ ElderShield renewal premiums will be deducted from your GIRO bank account every year. Monthly GIRO instalments are only for payment of past policy year’s outstanding premiums (excluding renewal premiums).
 
This arrangement was outlined in your GIRO application form.

This information is sourced from CPF.

Topics:

Healthcare FinancingMediShield Life

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