Singapore legislation
Regulation 17
Regulation 17
Payment of premium
Subregulation 1
Subject to paragraph (4), regulation 4, except regulation 4(12) and (13), of the MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015 applies to the MediShield Life Component of an integrated shield plan, instead of regulation 10 of these Regulations.
Subregulation 2
If the Board approves a withdrawal, under regulation 4(1) of the MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015, of moneys from a CPF member’s medisave account for the payment of the premium for an insured person’s MediShield Life Component, the Board may deduct the premium from that CPF member’s medisave account when the insurer notifies the Board that the premium is due.
Subregulation 3
The Board is to pay into the Fund all moneys pertaining to the premiums of an insured person’s MediShield Life Component which —
are withdrawn under paragraph (2);
transferred to the Board under regulation 6(2) of the MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015; or
otherwise received by the Board.
Subregulation 4
If the Board’s approval for payment of premiums for an insured person’s MediShield Life Component to be deducted from a CPF member’s medisave account is cancelled under regulation 4(5) or (11) of the MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015 —
the CPF member must, if required by the Board, refund to the CPF member’s medisave account the amount of moneys withdrawn from that account, which could not have been withdrawn if the cancelled approval had not been given (called the affected moneys); or
the Board may —
refund from the Fund to the CPF member’s medisave account the affected moneys paid as premiums for the insured person’s MediShield Life cover; and
require payment of the resulting shortfall in the premiums under section 6 of the Act or in accordance with the other provisions of this regulation.
Subregulation 5
Despite paragraph (4)(a), if the CPF member has paid the affected moneys to an insurer —
the insurer must transfer the moneys to the Board; and
the Board must refund the moneys, transferred in sub‑paragraph (a), to the CPF member’s medisave account.
Subregulation 6
Regulation 11 applies instead of paragraph (4) if the insured person’s MediShield Life cover is terminated or cancelled.
Subregulation 7
If the additional private insurance cover of an insured person’s integrated shield plan is terminated or cancelled, but the insured person’s MediShield Life cover which had formed the MediShield Life Component of that integrated shield plan is not terminated or cancelled, regulation 10 will then apply to that person’s MediShield Life cover.