In 2025 over 112,000 people stopped purchasing IP riders, up from 65,000 in 2023.
\n\nOver 112,000 people discontinued their optional private health insurance add-ons in 2025 after policyholders faced rising premiums.
\n\nAccording to The Straits Times, 65,000 people dropped their Integrated Shield Plan (IP) riders in 2024; compared with 2025 figures, that is a 72 per cent increase.
\n\nAround 5.6 per cent of the 2 million-odd pool of IP rider policyholders quit in 2025, ST noted, citing figures they received.
\n\nMinister for Health and Coordinating Minister for Social Policies, Ong Ye Kung, said that as prices of IP and IP rider premiums rise, policyholders have downgraded or cancelled their plans in a September parliamentary reply, reported ST.
\n\nDowngrades and cancellations stood at 99,000 in 2023, 105,900 in 2024 and 128,200 in 2025.
\n\nLikewise for riders, the drop was 84,800 in 2023, 103,400 in 2024 and 181,800 in 2025.
\n\nMediShield Life, the national healthcare insurance scheme, insures all Singaporeans across their lifetime, covering expenses such as hospitalisations and surgical procedures.
\n\nHowever, for those who want additional coverage, they can choose to purchase an IP.
\n\nAn IP is an optional plan offered by a private insurer. It provides additional coverage for private…
Original source: https://mothership.sg/
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