The Government’s focus is to provide basic and affordable health insurance coverage for all Singapore Residents through MediShield Life, regardless of their health condition.

As the Standard IP is an optional plan designed for higher coverage in Class B1 wards and is not a basic product, it is provided by private insurers. Similar to all other IPs, premiums and underwriting decisions are determined by insurers based on their own commercial considerations and risk assessment frameworks. Nevertheless, the Standard IP was designed to have standardised features to facilitate comparison of premiums by consumers. IP insurers  also have the incentive to ensure that their premiums remain competitive to attract new policyholders.

The Ministry of Health will continue to review MediShield Life and the Standard IP, to ensure that they remain relevant to Singapore Residents with different needs.