MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015

Withdrawal limits

5.—(1) The maximum amount that may be withdrawn under regulation 4(1) from a CPF member’s medisave account to pay the premium —

(a)	for the additional private insurance coverage under an integrated shield plan, is the medisave withdrawal limit specified in the First Schedule; and
(b)	for a non-integrated shield plan, is the medisave withdrawal limit specified in the Second Schedule.

(2) The First Schedule does not apply to the insurance period, commencing on 1 November 2015, of an integrated shield plan which continues an integrated medical insurance plan under regulation 12(1).

(3) The Second Schedule does not apply to the insurance period, commencing on 1 November 2015, of a non-integrated shield plan which continues an integrated medical insurance plan under regulation 12(3)(ii).

(4) Despite the withdrawal limits in paragraph (1), the Board may, on or after a CPF member’s death, permit withdrawals under section 16A of the CPF Act from the CPF member’s medisave account for the payment of such premiums in excess of those withdrawal limits.

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