Law passed to keep CareShield Life premiums sustainable; MPs debate affordability, fairness of insurance scheme

Amendments to the new law bring back a planned underwriting benchmark and give regulators more ways to reach people who have fallen behind on their CareShield Life insurance payments. The changes let officials send notices directly to defaulters, ensuring overdue premiums are addressed quickly and efficiently. By reinstating the underwriting criteria, the government aims to maintain fairness and protect the integrity of the CareShield Life program while giving households clearer guidance on meeting their contributions. This move is designed to strengthen the program and help keep the coverage reliable for everyone.


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