MediShield Life is a basic health insurance plan that helps to pay for large hospital bills and selected expensive outpatient treatments such as dialysis and chemotherapy for cancer. It is basic which means it is sized for subsidised treatments in the public hospitals. You may wish to compare the benefits of your  health insurance plan with those of MediShield Life at this link (https://www.moh.gov.sg/managing-expenses/schemes-and-subsidies/medishield-life/medishield-life-benefits/), to identify the areas of duplication. You may also wish to approach your financial advisor who will be able to share more with you.