Maintaining the enhancement as a standard feature for all policyholders helps keep the scheme fair and sustainable, and premiums affordable. This helps to:
- Reduce adverse selection risk, where those who are more likely to claim are more likely to opt into the scheme
- Keep administrative processes simple and efficient
Hence, the CareShield Life Council has recommended to apply the enhancements to all policyholders, striking a fair balance between stronger protection and premium affordability for all.
