CPF (Central Provident Fund) contributions that go into your Medisave Account build up the savings that you can use for your hospital expenses and approved medical insurance. You can also pay your dependents’ hospitalization expenses using your Medisave Account. These savings can also be used for specific outpatient treatments like radiotherapy treatments and chemotherapy.
CPF members can use their MediSave Account savings to buy ISPs (Integrated Shield Plans) for themselves and their family members (spouse, children, parents, and siblings) under the PMIS (Private Medical Insurance Scheme).
ISP has two components:
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account