11-07-2014, 06:46 AM
(10-07-2014, 11:19 AM)CityFarmer Wrote: I am assuming no increase of premium for IPs, due to MedishieldLife. It is a rebalancing of premium between gov/CPF and private insurers, which is transparent to us.
If you're in your prime working age, the new MedishieldLife premium has already exceeded the existing private IP's premium (Class A/B1).
The article you've posted refers to insurers pledging not to increase the "Top-up" portion, not the overall IP premium. My point is that this "Top-up" premium should be reduced, now that MedishieldLife has taken over some of its previous coverage.
Someone wrote to TODAY voicing the same concern:
http://www.todayonline.com/voices/insure...ield-plans