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Cash grant to be credited to Medisave account

Pioneer Generation and Merdeka Generation Funds (Pioneer Generation and Merdeka Generation Benefits) Regulations 2015

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—(1) For the purposes of section 16(1)(a) of the Act, the amount of cash grant to be credited to a Pioneer’s Medisave account each year is —(a)if the Pioneer has no pre-existing medical condition — the amount specified in the second, third or fourth column (as the case may be) of Part 1 of the First Schedule opposite the year in which the Pioneer was born; or(b)if the Pioneer has one or more pre-existing medical conditions — the amount specified in the second, third, fourth or fifth column (as the case may be) of Part 2 of the First Schedule opposite the year in which the Pioneer was born.(2) For the purposes of section 16(1)(a) of the Act, the amount of cash grant to be credited each year between 2019 and 2023 (both years inclusive) to a Merdeka Generation Senior’s Medisave account is $200.(3) For the purposes of paragraph (1), a Pioneer has a pre-existing medical condition if the Pioneer has a pre-existing medical condition in relation to his or her insurance cover under the MediShield Life Scheme under section 2(2) of the MediShield Life Scheme Act 2015.

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