Premium Calculator

Your MediShield Life premium in Year 1 (2015/2016) is $74 per year, or $6 per month.

This is a simple estimate which includes Government subsidies, including Transitional Subsidies for Singapore Citizens, which will be available for the first four years of MediShield Life. In the first year, Transitional Subsidies will cover 90% of the net increase in premiums (after taking into account other premium subsidies). As the Transitional Subsidies will reduce and cover 70%, 40% and 20% of the net premium increase in the second, third and fourth years respectively, the premium payable will increase accordingly.

Additional premiums due to private Integrated Shield Plans are not included in the estimate.

If you are currently uninsured and have serious pre-existing conditions, or are insured with an exclusion under MediShield, you will benefit from coverage for all your conditions under MediShield Life. However, you may have to pay an additional 30% of the standard premiums for the first ten years to take into account your higher risks. Details on who/which conditions will be subject to this loading will be finalised closer to implementation of MediShield Life.

Your actual premiums and subsidies will depend on your actual financial circumstances at the point of your MediShield policy renewal. All premium payers will be informed of the payable MediShield Life premiums (after any applicable subsidies) in writing, before premium deduction.

You can use your Medisave to pay the MediShield Life premiums for yourself and your family members.

(a) Member may not be eligible for Premium Subsidies if (a) household monthly income per person is more than $2,600, (b) annual value of property is more than $21,000, or (c) if member owns multiple properties.

(b) Net premiums that individuals have to pay may increase after the first year due to the phasing out of Transitional Subsidies for Singapore Citizens, or if individuals cross age bands. If you are above 65 years old and are an existing MediShield policyholder, you may be eligible for further premium rebates. For more details, check the premium tables here.