Singapore legislation
Regulation 10
of Care Shield Life and Long-Term Care (Elder Shield Scheme) Regulations 2021
Regulation 10
Obligation to pay premiums
Subregulation 1
For the purposes of section 14(1) of the Act, the insured person’s obligation to pay the premium in respect of an insurance period (P) ends when any of the following circumstances first occurs:
if the insured person became entitled to the payment of an insured sum in any month during the insurance period immediately before P, unless paragraph (2) applies;
where the insured person is required to pay a single lump sum premium or premiums for 10 insurance periods — the insured person has paid the single lump sum premium or premiums in respect of all the 10 insurance periods, as the case may be;
the insured person has paid the premium in respect of the insurance period that commences after the individual’s 65th birthday;
the insured person has made the minimum number of premium payments under the ESH Scheme such that the insured person’s insurance cover under the ESH Scheme does not terminate by reason of the insured person’s failure to pay the premium for any insurance period;
the termination of insurance cover under regulation 7.
Subregulation 2
If the insured person ceases to be entitled to the payment of an insured sum in any month during the insurance period immediately before P, the insured person must pay the premium in respect of P, unless —
his or her obligation to pay the premium has ended because of paragraph (1)(b), (c), (d) or (e); or
the insured person subsequently becomes entitled to the payment of an insured sum during the insurance period immediately before P.
Subregulation 3
Despite paragraph (1)(e), the insured’s person’s obligation to pay the premium in respect of P continues to apply if the reason for the termination is that his or her insurance cover under the CSHL Scheme has commenced, unless the Board, with the Minister’s approval, considers that there are exceptional circumstances for such obligation to end on an earlier date.
Subregulation 4
For the purposes of section 14(1) of the Act, an insured person’s obligation to pay premiums under the ESH Scheme is treated as ended if the insured person’s obligation to pay premiums under the former ElderShield Scheme ended before the transfer date.
Subregulation 5
In this regulation —
a reference to a premium paid under paragraph (1)(b), (c) or (d) includes a premium paid for the insured person’s insurance cover under the former ElderShield Scheme; and
P does not include the first insurance period of the insured person’s insurance cover under the ESH Scheme.