Singapore legislation
Regulation 3B
Regulation 3B
Prescribed disability insurance scheme
Subregulation 1
For the purposes of section 16(1)(e) of the Act, the prescribed insurance scheme is the CareShield Life Scheme under the CareShield Life and Long-Term Care Act 2019.
Subregulation 2
For the purposes of section 16(1)(e) of the Act, the subsidy of the cost of any premium of the CareShield Life Scheme applicable to a relevant beneficiary whose application for insurance cover or subsequent insurance cover under section 7 of the CareShield Life and Long-Term Care Act 2019 is made on or before 31 December 2023 —
is $150 for each insurance period concerning the relevant beneficiary; and
is payable for any premium due during the period —
starting on the relevant date applicable to the relevant beneficiary; and
ending on the cancellation or termination of the relevant beneficiary’s insurance cover, or subsequent insurance cover (as the case may be), under regulation 6 or 7 of the CareShield Life and Long-Term Care (CSHL Scheme) Regulations 2020 (G.N. No. S 849/2020) (as the case may be), or the expiry of the 10th insurance period after the commencement date of the insurance cover or the subsequent insurance cover (as the case may be), whichever is earlier.
Subregulation 2A
For the purposes of section 16(1)(e) of the Act, the subsidy of the cost of any premium of the CareShield Life Scheme applicable to a relevant beneficiary whose application for insurance cover or subsequent insurance cover under section 7 of the CareShield Life and Long-Term Care Act 2019 is made between 1 January 2024 and 31 December 2024 (both dates inclusive) —
is $112.50 for each insurance period concerning the relevant beneficiary; and
is payable for any premium due during the period —
starting on the relevant date applicable to the relevant beneficiary; and
ending on the cancellation or termination of the relevant beneficiary’s insurance cover, or subsequent insurance cover (as the case may be), under regulation 6 or 7 of the CareShield Life and Long-Term Care (CSHL Scheme) Regulations 2020 (as the case may be), or the expiry of the 10th insurance period after the commencement date of the insurance cover or the subsequent insurance cover (as the case may be), whichever is earlier.
Subregulation 2B
Where the insurance cover or subsequent insurance cover of a relevant beneficiary mentioned in paragraph (2) or (2A) is terminated under regulation 7 of the CareShield Life and Long-Term Care (CSHL Scheme) Regulations 2020 and subsequently reinstated under regulation 8 of those Regulations, the subsidy of the cost of any premium of the Careshield Life Scheme that is applicable to the relevant beneficiary under paragraph (2) or (2A) (as the case may be) is also reinstated.
Subregulation 3
In this regulation —
Definition
“Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act 1953;
Definition
“insurance period”, in relation to a relevant beneficiary, has the meaning given by regulation 3(1) of the CareShield Life and Long-Term Care (CSHL Scheme) Regulations 2020;
Definition
“relevant beneficiary” means a Pioneer or Merdeka Generation Senior (as the case may be), whose application for insurance cover or subsequent insurance cover under the CareShield Life Scheme has been accepted by the Board;
Definition
“relevant date” means —
in relation to an individual who is a Pioneer or a Merdeka Generation Senior on the date his or her application for insurance cover or subsequent insurance cover (as the case may be) under the CareShield Life Scheme is accepted by the Board — the date his or her insurance cover or subsequent insurance cover (as the case may be) under the CareShield Life Scheme commences; and
in relation to an individual who is not a Pioneer or a Merdeka Generation Senior on the date his or her application for insurance cover or subsequent insurance cover (as the case may be) under the CareShield Life Scheme is accepted by the Board — the date he or she becomes or is determined to be a Pioneer or a Merdeka Generation Senior under section 12, 12A, 13, 14 or 14A of the Act, as the case may be;
Definition
“subsequent insurance cover” means insurance cover under the CareShield Life Scheme pursuant to an application that is made by an individual whose insurance cover was previously cancelled under regulation 6 of the CareShield Life and Long-Term Care (CSHL Scheme) Regulations 2020.