What is Dependants' Protection Scheme (DPS)?
Who is insured under DPS?
Why is it a good choice for you be covered under DPS?
DPS is an optional term-life insurance that covers CPF members for a sum assured of $46,000 up to age 60. It is a worldwide coverage that covers death and Total Permanently Disability (TPD).
Who is insured under DPS?
All Singapore citizens and Permanent Residents, between age 16 and 60, will automatically be enrolled in the DPS when they make their first CPF contribution.
Why is it a good choice for you be covered under DPS?
During an unfortunate event where death or TBD occur to the insured, the benefit will be paid out to the insured families or the insured. Furthermore, the yearly premiums are paid using your CPF ordinary/special accounts which means that you are not required to fork out any cash.
Age
(Last Birthday) |
Yearly
Premium |
34 years and below
|
$ 36
|
35-39 years
|
$ 48
|
40-44 years
|
$ 84
|
45-49 years
|
$144
|
50-54 years
|
$228
|
55-59 years
|
$260
|
If you do not have sufficient funds in both your CPF ordinary and special accounts to pay for your yearly premium upon policy renewal, your DPS insurer will notify you via post where you can make the payment by cash to your insurer directly.
Currently, DPS is administered by Great Eastern Life and NTUC Income.
