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I am using a GIRO arrangement to pay my MediShield Life premiums. What happens to my GIRO when I upgrade to an Integrated Shield Plan?
If you have applied for GIRO arrangement for your MediShield Life/ CareShield Life/ ElderShield premiums and upgrade to an Integrated Shield Plan (IP) subsequently, the GIRO arrangement for your MediShield Life premiums will cease. Your existing GIRO arrangement for CareShield Life/ ElderShield premiums (if any) will remain unchanged. You will need to have a separate premium payment arrangement with the IP insurer.
If you switch back to MediShield Life subsequently and would like to use GIRO for your MediShield Life premiums, you must re-apply.
This information is sourced from CPF.
Related questions
I have an ongoing monthly GIRO instalment plan. My MediShield Life and/or CareShield Life cover has been renewed and has incurred new outstanding premiums. Will interest be imposed on me?
I am using GIRO for my MediShield Life and/or ElderShield premiums. Do I need to re-apply when joining CareShield Life?
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I am currently paying outstanding MediShield Life and/or CareShield Life premiums through monthly GIRO instalments. Can I continue this arrangement to pay my future premiums?
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