He Ting Ru on CareShield Life and Long-Term Care (Amendment) Bill
After the transition from ElderShield to CareShield Life, the next step is to ensure that CareShield Life remains true to its founding purpose - to stand beside every Singaporean in times of need, said MP He Ting Ru. Speaking in parliament on Wednesday (Oct 15), she said this means ensuring that premiums grow transparently and remain affordable. It also means that gender-based differences are regularly reviewed. Ms He also sought clarifications on the bill. She wanted to know more about the monitoring mechanisms and calculations that will help to give a better understanding of the adequacy of payouts. She also highlighted the issue of gender-differentiated premiums, saying that even if the actuarial reasoning and data make sense, actuarial fairness is not always the same as social fairness. She stressed the need to close the gender gap and aim for gender-neutral premiums.
After the transition from ElderShield to CareShield Life, the next step is to ensure that CareShield Life remains true to its founding purpose - to stand beside every Singaporean in times of need, said MP He Ting Ru. Speaking in parliament on Wednesday (Oct 15), she said this means ensuring that premiums grow transparently and remain affordable. It also means that gender-based differences are regularly reviewed. Ms He also sought clarifications on the bill. She wanted to know more about the monitoring mechanisms and calculations that will help to give a better understanding of the adequacy of payouts. She also highlighted the issue of gender-differentiated premiums, saying that even if the actuarial reasoning and data make sense, actuarial fairness is not always the same as social fairness. She stressed the need to close the gender gap and aim for gender-neutral premiums.
