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Demographic trends challenge IP insurers’ sustainability

Singapore is expected to reach ‘super-aged’ status this year, and an ageing population will suffer more chronic diseases and need healthcare

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Genevieve Cua

Genevieve Cua

Published Thu, Apr 9, 2026 · 07:00 AM
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    • Singapore's falling birth rate and the rise in the proportion of those aged 65 and older do not bode well for IP insurers' risk pools.
    • Singapore's falling birth rate and the rise in the proportion of those aged 65 and older do not bode well for IP insurers' risk pools. IMAGE: PIXABAY

    [SINGAPORE] All seven insurers that offer Integrated Shield Plans (IPs) have just rolled out new-design riders. In line with the Ministry of Health’s requirements, the riders no longer cover the deductible portion of the hospital bill, and the co-payment cap rises from S$3,000 to S$6,000.

    The new riders are on average around 30 per cent cheaper than older riders, and savings could be even more substantial depending on the insurer.

    For policyholders, the trade-off is higher out-of-pocket expenses. Making policyholders pay a larger share of a hospital bill is expected to curb overconsumption of healthcare.

    Integrated ShieldHealthcare costsThinking Aloud

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