Premium Rebate

In the first 5 years of the scheme, ElderShield claims have been lower than those projected in 2002. Hence, if you have participated in the ElderShield scheme between year 2002 and 2007 and your policy is in force as at 29 September 2007, you will be entitled to this one-time premium rebate. The amount of rebate will be determined by your entry age and duration which you have been insured under the scheme.

The rebate will be distributed in the form of premium discounts to offset part of any future premiums or premium adjustments (if you wish to upgrade) you need to pay.

If you have finished paying your ElderShield premiums, the rebate will be returned to you via the last stipulated premium payment method if you choose not to upgrade. The rebate will be credited into your Medisave account if you have paid your premiums via Medisave, or a cheque will be sent to you if you have paid your premiums using cash.

You will be notified on your premium rebate amount before your policy anniversary* date.

*Eg. If you have paid the premiums in full for your policy due on 31/12/2003, you will receive your notice by 31/12/2007.