Regulation 12

there is any shortfall in the premium in respect of an insurance period paid under section 14(4) of the Act by an insured person, or by a relevant CPF member under Division 2 of this Part; and

the insured person or the relevant CPF member has paid moneys to an approved insurer in respect of the whole or any part of a supplement premium for a supplementary disability insurance policy under the CareShield Life and Long‑Term Care (Supplement Scheme) Regulations 2020 (G.N. No. S 850/2020).

a reference to a shortfall in the premium payable in paragraph (1)(a) includes a shortfall in the premium payable for the insured person’s insurance cover under the former ElderShield Scheme; (b)a reference to moneys paid to an approved insurer in paragraph (1)(b) includes money paid to the approved insurer in respect of the whole or any part of a premium for a severe disability insurance policy taken out with the approved insurer under the former ElderShield Supplement Scheme;

“approved insurer”, “supplementary disability insurance policy” and “supplement premium” have the meanings given by regulation 2 of the CareShield Life and Long‑Term Care (Supplement Scheme) Regulations 2020; and

“former ElderShield Supplement Scheme” means an insurance scheme established and maintained by the Ministry of Health before the transfer date for the purposes of allowing an individual insured under the former ElderShield Scheme to purchase a supplementary severe disability insurance policy from an approved insurer to provide additional severe disability insurance benefits over and above the former ElderShield Scheme.