New health insurance premiums in Singapore saw a 34% y-o-y drop for the first six months of 2015. A slow-down in the sales of Integrated Shield Plans (IP) has been observed as consumers adopt a wait-and-see approach with the impending start of MediShield Life - a mandatory universal health insurance scheme administered by the Central Provident Fund (CPF) Board - on 1 November this year, according to Life Insurance Association (LIA) of Singapore.