Life Insurance

Dependants' Protection Scheme

As a Singapore Citizen or Permanent Resident, you are automatically covered under Dependants’ Protection Scheme (DPS) when you make your first working contribution to CPF, between the age of 21* and 60*.

Dependants’ Protection Scheme is an affordable term-life insurance scheme that provides a basic coverage of up to $46,000, in the event of death, Terminal Illness¹ or Total Permanent Disability².

You can only claim under Terminal Illness¹ or Total Permanent Loss²ⁱⁱ if your terminal illness or total permanent loss of physical function started on or after 01 May 2016

Information leaflet

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Key benefits

Affordable coverage

Automatic renewal

Premium can be paid using your funds CPF funds

Affordable premium and automatic renewal

Your premiums can be paid using your CPF Ordinary and/or Special Account. As long as you have sufficient funds, no out-of-pocket cash is required. The premium will be deducted yearly based on your attained age for the maximum sum assured of $46,000, regardless of gender.

One month before your renewal date, a notification letter will be sent to you. If there are insufficient funds in both accounts for a minimum cover of $5,000, we will also notify you and no premium will be deducted from your CPF account.

Age* (Years)

Yearly Premium

34 and below

S$36

35-39

S$48

40-44

S$84

45-49

S$144

50-54

S$228

55-59

S$260

Eligibility

You must be a CPF member
You must be a Singapore Citizen or Permanent Resident
You must be between 16* and 60* years old. If you are 21* years old & above when you made your first CPF contribution, you will be automatically covered. Otherwise, you can apply directly with us.

If you would like to apply for a DPS cover, kindly download the Proposal Form and mail it to us at:
1 Pickering Street, #01-01,
Great Eastern Centre,
Singapore 048659.

Alternatively, you may visit our Customer Service Centre at the above address to submit the completed proposal form.

Declaration of Health Condition

Eligibility for a DPS cover is subject to you being in good health. You must declare and fully disclose all information regarding your health using the Health Declaration Form, including

All your past and current illnesses;
Any surgery/treatment/medical test that you had previously undergone or will be undergoing; and
Any physical or mental impairment.

If you are suffering from any undisclosed pre-existing serious illness, claims will not be admitted.

You may download the following documents for more information on Dependants’ Protection Scheme.

Information Leaflet and Terms and Conditions

Click here for frequently asked questions on application for Dependants’ Protection Scheme.

Footnotes

¹Terminal Illness refers to an illness that a registered medical practitioner under the Medical Registration Act certifies is expected to result in death within 12 months.

^2.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 both eyes, both limbs, or one eye and one limb.

* Refers to attained age.

Disclaimer

The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid.

It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have fewer benefits at the same cost.

Policy Owners' Protection Scheme

This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Information correct as on 1 May 2016