Last year, MediShield Life went through a review, with big changes about to kick in this year. 

But the largest impact might come from a technicality that many of us might not be familiar with: the pro-ration factor.

In this episode of WealthBT, host Genevieve Cua sits down with Alex Lee, president of the Singapore Actuarial Society, to explain the ins and outs of pro-ration, and unpack what these new changes mean for your financial stability and healthcare coverage.

Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua.

Highlights of the podcast:

01:41 What is pro-ration?

04:00 Why are pro-ration factors being adjusted now?

05:21 Are insurance companies to blame?

09:10 Will IP premiums rise?

12:45 How to better protect yourself?

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Send your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. 

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Written and hosted by: Genevieve Cua (gen@sph.com.sg)

With Alex Lee, president, Singapore Actuarial Society

Edited by: Emily Liu & Claressa Monteiro

Produced by: Genevieve Cua, Emily Liu & Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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