MediShield Life premiums increase with age. This reflects the higher incidence of claims among the older age groups, and the higher bills incurred.

Under MediShield Life, premiums are distributed more evenly throughout our life. Policyholders pay more premiums while they are of working age, which will then be returned as premium rebates at older ages when they typically would have stopped working. This ensures that premiums rise less steeply in old age. The additional amounts paid during working age are set aside and pooled within the MediShield Life Fund.

Distributing premiums more evenly over our lifetime helps policyholders to pay ahead for their premiums. Planning and saving for our future healthcare expenses will reduce concerns over adequacy of savings during retirement.