Can I get a pro-rated refund of the premiums for my original Integrated Shield Plan (IP) if I downgrade or switch from a higher coverage plan to the Standard IP before my premium renewal date?
If the downgrade or switch takes place before your next premium renewal date, your insurer will provide you with a pro-rated refund of your original Integrated Shield Plan premium.
Please speak to your financial advisor to find out more about the implications of downgrading or switching insurers before making your decision. Please also highlight any medical conditions you have to your financial advisor.
Related questions
I want to get the Standard Integrated Shield Plan (IP) but my insurer’s premiums are higher than other insurers. Should I switch to a Standard IP under another insurer?
If I switch from a higher coverage Integrated Shield Plan (IP) to the Standard IP with the same insurer, will I need to go through additional underwriting and will my previous exclusions remain?
If I downgrade to an Integrated Shield Plan (IP) with lower coverage or switch insurers, will I need to go through health assessment / underwriting again?
Can I upgrade to a higher coverage Integrated Shield Plan (IP) in future, if I buy the Standard IP now?
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