Examples of MediShield Life Scheme in a sentence
Act means the MediShield Life Scheme Act (Act No.4 of 2015), as amended, extended or re-enacted from time to time.
Where the insured is a citizen or permanent resident of Singapore, the insurer shall inform the policy owner that the insured will continue to be covered by the MediShield Life Scheme, even if the policy owner terminates the insured’s existing integrated shield plan.
The insurer shall ensure that the policy owner declares, before he purchases any integrated shield plan issued by the insurer, that he has received advice from his A&H insurance representative to consider the policy owner’s long-term financial commitment to pay the premiums for an integrated shield plan and, that the policy owner should have sufficient monies in his medisave account or sufficient means to pay the MediShield Life Scheme premiums on an ongoing basis.
Where the insured is a citizen or permanent resident of Singapore, the insurer shall disclose that – (a) the integrated shield plan comprises a MediShield Life Component; and (b) if the policy owner does not purchase the integrated shield plan, the MediShield Life Scheme will continue to provide lifetime cover to the insured, without excluding any existing medical condition.
Where the insured is a citizen or permanent resident of Singapore, the insurer shall disclose that –(a) the integrated shield plan comprises a MediShield Life Component; and (b) if the policy owner does not purchase the integrated shield plan, the MediShield Life Scheme will continue to provide lifetime cover to the insured, without excluding any existing medical conditions.
Integration with MediShield LifeIf the insured person is a Singapore Citizen or a Singapore Permanent Resident, the insured person will be jointly insured under MediShield Life which is run by the Central Provident Fund Board and governed by the Central Provident Fund Act (Chapter36) and the MediShield Life Scheme Act (Act No.4 of 2015) and any subsidiary legislation made under such acts (the “act and regulations”).
Integration with MediShield LifeIf the insured person is a Singapore citizen or a Singapore permanent resident, the insured person will be jointly insured under MediShield Life which is run by the Central Provident Fund Board and governed by the Central Provident Fund Act 1953 and the MediShield Life Scheme Act 2015 and any subsidiary legislation made under such acts (the “act and regulations”).
The Regulations refer to the MediShield Life Scheme Regulations 2015 and/or any other revised future edition of the Regulations.
Establishment of MediShield Life Scheme 3.—(1) A medical insurance scheme, known as the MediShield Life Scheme, is established for the purpose of paying the whole or part of the costs incurred by an insured person for approved medical treatment or services received by the insured person in an approved medical institution during the period when the insured person is insured under the Scheme.
This concentration is a direct result of the MediShield Life Scheme consisting of a single medical insurance product.