Can I withdraw funds from the Child Development Account (CDA) to pay for my child's insurance?
The CDA can be used for your child’s Medisave-Approved Integrated Shield plans. Parents can authorise an Approved Institution (AI) to directly deduct CDAs to pay for Medisave-Approved Integrated Shield plans, through Interbank GIRO. Currently, only Great Eastern Life (GE) is an Approved Institution (AI).
If you wish to purchase Medisave-Approved Integrated Shield plans from other private insurers, you may pay for these plans in cash first and apply for reimbursement from the CDA thereafter by emailing us the supporting documents at [msf_babybonus@msf.gov.sg].
Please note that payments made through MediSave are not eligible for reimbursement from the CDA. Riders are not part of the Integrated Shield Plans as riders do not meet the Ministry of Health’s requirements to be Medisave-payable. Thus, the CDA cannot be used for riders.