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Dependants' Protection Scheme (DPS) update

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Dependents Protection Scheme (DPS) update

We are pleased to announce that the Central Provident Fund (CPF) Board has appointed Great Eastern as the insurer to manage the newly enhanced Dependants’ Protection Scheme (DPS) for the next five years. This appointment runs back to back from the existing DPS of which Great Eastern is also an incumbent insurer of the scheme.

DPS will be enhanced to provide policyholders with higher coverage at lower premiums across most of the age bands. The age of coverage will also be increased to protect policyholders till age 65, up from the current age of 60 years.

 

Summary of the benefits of the current and new DPS

Policyholder Age*

(Last Birthday)

Current DPS
(up to 31 March 2021)

New DPS
(From 1 April 2021^)

  Yearly Premium Coverage Yearly Premium Coverage
34 years and below $36 $46,000 $18 $70,000
35 – 39 years $48 $30
40 – 44 years $84 $50
45 – 49 years $144 $93
50 – 54 years $228 $188
55 – 59 years $260 $298
60 – 64 years Not applicable Not applicable $298 $55,000


*A DPS cover is for a period of one year and will be automatically renewed annually up to the age limit of 65 from 1 April 2021. For example, if a policyholder is currently automatically extended a DPS cover at the age of 59 years and six months, his cover will cease one year later. Under the new contract, his DPS cover will continue to be renewed annually until he enters the last year of coverage at 64 years and six months. His cover will end when he turns 65 years and six months, as he has passed the age limit of 65.

^ New yearly premium would be deducted on policyholder’s DPS policy anniversary

If you are an existing DPS policyholder, no action is required from you as your coverage will be automatically renewed on an annual basis up to age 65. If you are aged 60 and above but below 65 years, or if your DPS coverage has ceased or will cease before 1 April 2021, we welcome you to rejoin DPS by applying directly with us, more information on the application process will be shared closer to the date.


FAQs on the new DPS

Enhancements to DPS from 1 April 2021

1. What are the changes to DPS from 1 April 2021?

  • Great Eastern Life will be the sole insurer to administer DPS
  • Increase of sum assured from $46,000 to $70,000
  • Increase of age coverage, to cover members up to age 65

Comparison of DPS features

  Current From 1 April 2021
Sum Assured $46,000
(for members aged 21 and above to 60)

$70,000
(for members aged 21 and above to 60)
 

$55,000
(for members aged 60 and above to 65)

 

Automatic extension of DPS cover
CPF members aged 21 to below 60 years, when they receive CPF contribution
CPF members aged 21 to below 65 years, when they receive CPF contribution
Automatic annual renewal
Members with an active DPS cover, before their 60th birthday
Members with an active DPS cover on or after 1 April 2021, before their 65th birthday
Can apply to join DPS
Members aged 16 and above but below 60
Members aged 16 and above but below 65
Insurer(s) Great Eastern Life & NTUC Income Great Eastern Life


2. I am currently insured under DPS with Great Eastern Life. Do I need to apply for the higher sum assured?

You are not required to take any action as the increase in sum assured will be automatically extended to you from 1st April 2021 onwards.


3. I am currently insured under DPS with NTUC Income. Do I need to terminate the cover and apply to Great Eastern Life again?

You are not required to take any action at this point in time. From now till 1 April 2021, the current DPS insurers, Great Eastern Life and NTUC Income will continue to issue new DPS policies and serve DPS policyholders. Both Great Eastern Life and NTUC Income will work with CPF Board to ensure a smooth transition, and more information will be provided to you before 1 April 2021.


4. How can I check if I am covered under DPS?

You can check the status of your DPS coverage by logging in to the CPF website with your SingPass and view your coverage status under “My Messages”, or by checking your CPF Yearly Statement of Account.


5. Can I choose to join DPS to enjoy the new benefits, if I am currently not covered under the scheme?

If you are eligible for DPS and you wish to apply for a DPS cover before 1 April 2021, you may contact us at Great Eastern Life or NTUC Income directly to apply for a DPS cover.

From 1 April 2021, you may contact us at Great Eastern Life directly instead.

Please note that your application will be assessed based on your health condition at the point of application.


6. How do I join DPS?

DPS is automatically extended to Singaporeans or Permanent Residents, between age 21 and 60, when they receive CPF contribution from their employer. From 1 April 2021, the age range for automatic inclusion under DPS will increase, and apply to members between age 21 and 65.

CPF members aged 16 and above who were not extended a DPS cover automatically but wish to be insured can apply for DPS directly with the current DPS insurers, Great Eastern Life or NTUC Income. From 1 April 2021, members can apply for DPS directly with us at Great Eastern Life instead.


7. How do I know if I am automatically extended a DPS cover?

If a DPS cover is automatically extended to you, you will receive a welcome package from us or NTUC Income.

From 1 April 2021, you will receive a welcome package from Great Eastern Life instead.


8. Why do I need to declare my health to be covered under DPS?

As with any life insurance, Dependants' Protection Scheme (DPS) cover may be declined or deferred if a member has serious pre-existing illnesses. This underwriting practice is necessary to ensure that the scheme remains viable and the premiums are kept affordable for all insured members. The amount of premium you need to pay for a DPS cover depends on your age at your last birthday.

We will not consider claims from policyholders who has serious pre-existing illnesses or has given false or misleading statements or withheld relevant information in the health declaration.

Please contact your DPS insurer for more information on the examples of serious pre-existing illnesses that may affect your eligibility to be covered. You can log in to the CPF website with your SingPass to find out who is your current DPS insurer.


9. How much do I need to pay to be covered under the new Dependants’ Protection Scheme (DPS) from 1 April 2021, as opposed to the existing premium structure?

The amount of premium you need to pay for a DPS cover depends on your age at your last birthday.

Age (Last Birthday)

Yearly Premium for $46,000 sum assured
(before 1 April 2021)

Yearly Premium for $70,000 sum assured
(From 1 April 2021^)

34 years and below $36 $18
35 – 39 years $48 $30
40 – 44 years $84 $50
45 – 49 years $144 $93
50 – 54 years $228 $188
55 – 59 years $260 $298
60 – 64 years Not applicable $298 (for sum assured of $55,000)

^New yearly premium would be deducted on member’s DPS policy anniversary


10. Can I pay the DPS premiums by cash if I do not have sufficient funds in my CPF account?

If you do not have sufficient funds in your CPF Ordinary or Special accounts to pay for the DPS premiums, you can make payment to us via alternate payment modes such as E-banking, AXS, Credit Card, Cash or Cheque.


11. Do I need to make a new nomination for the new DPS policy if I am already an existing DPS member?

From 1 April 2021, Great Eastern Life will take over the sole administration of DPS.

For existing policyholders who are insured under Great Eastern Life and had made a nomination previously, you will not be required to make a new nomination.

Policyholders who are insured under NTUC Income will be provided with nomination forms and will be required to make a new DPS nomination.

Please note that DPS claim benefits do not form part of CPF proceeds and will not be distributed based on your CPF Nomination.


12. What is the DPS claim criteria?

A DPS claim can be made when a policyholder passes away or is certified to be suffering from terminal illness or total permanent disability.

a) Terminal illness refers to an illness that is likely to result in the death of the member within 12 months

b) Total permanent disability refers to (i) the inability to take part in any employment permanently, or (ii) the total permanent loss of physical function of any of the following:

  • Both eyes, or
  • Two limbs, or
  • One eye and one limb

A claim under (a) or (b)(ii) can be made only if the terminal illness or total permanent loss of physical function started on or after 1 May 2016.

For more information about the current DPS, please click here.



We’re happy to assist you if you have any queries on DPS, do email us at dps-sg@greateasternlife.com or call us at 6839 4565.

If you are our existing DPS policyholder, learn more about our digital services to help you manage your DPS policy, click here.

To explore solutions to complement your DPS coverage please click here.

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