MediShield Life is slated to be launched by end of 2015. It supersedes the current MediShield plan by providing better coverage for all Singaporean & PR while making concessions to premium by subsidizing premium for the elderly.
Many of my clients have asked me if it’s worth to continue their Private Medical Insurance Scheme (PMIS) integrated plans (IP) and my answer to them is YES! MediShield Life does not change the reason for buying an IP in the first place.
The reason is simple. A PMIS policy from any of the 5 insurers is meant to cover an individual who wants to enjoy a higher level of service from hospitals in Singapore. MediShield Life doesn’t provide adequate coverage for this group.