10 Jul '18, 11am

Macau police verifying Malaysia's request to nab Jho Low over #1MDB scandal

Macau police verifying Malaysia's request to nab Jho Low over #1MDB scandal

SINGAPORE - While MPs have suggested changes to the CareShield Life insurance scheme to provide more benefits, there is a need to keep premiums affordable. The point was made in Parliament on Tuesday (July 10) by Mr Chee Hong Tat, Senior Minister of State for Trade and Industry, and Education, who is also handling CareShield Life. Several MPs, for instance, suggested relaxing CareShield Life's payout criteria of not being able to perform three activities of daily living (ADLs) to two instead. Others proposed that the payout be increased over time. But Mr Chee said to keep premiums affordable, the payout amount will stay fixed for people once they start claiming, and not increase throughout their life. "If we raise the payout amount from $600 to $800 per month, premiums for a 30-year-old male in 2020 could increase by about one-third," Mr Chee said during the debate on Care...

Full article: https://www.straitstimes.com/politics/parliament-payout-c...

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