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Providing for your Healthcare Needs |
| ...Stretching Your Medisave Dollars |
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You can apply to withdraw your CPF savings on medical grounds if you
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a) are suffering from an illness that renders you permanently unfit for any employment; or |
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b) have a severely reduced lifespan; or |
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c) are terminally ill. Should your application be approved, depending on the severity of the illness, you will:
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receive monthly payouts from your Retirement Account; or |
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be able to fully withdraw your Ordinary, Special and Retirement Account balances, as well as any Medisave Account balance in excess of the Medisave Minimum Sum (MMS) prevailing at the time of approval. | |
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Click here to apply for CPF Withdrawal on Medical Grounds. |
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To support your application, you will need to provide a doctor's medical letter dated within 6 months from the date of your application, stating your current medical condition. | |
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Upon receipt of your application and supporting document, we will obtain a medical report from your doctor or refer you to the Board’s panel of doctors to assess your eligibility to withdraw your CPF savings on medical grounds. Following the Board's receipt of the complete set of medical certification and supporting documents, we will inform you of the outcome of your application in 7 working days. |
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Dependants’ Protection Scheme (DPS) is a term life insurance scheme that provides insured members and their families with some money to tide them over, in the first few years in the event of the member’s premature death or physical/mental incapacity from ever continuing in any employment. It is designed to automatically cover CPF members when they make their first CPF contribution from employment.
The scheme is extended to CPF members who are Singapore Citizens or Permanent Residents, between age 16 and 59. The DPS annual premium is payable from the insured members’ CPF Ordinary and/or Special Account(s). Members may pay their premiums by cash if there are insufficient funds in their accounts.
DPS is currently administered by two appointed insurers, Great Eastern Life and NTUC Income.
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HPS is a mortgage reducing insurance that protects you and your family from losing your home should you become physically/mentally incapacitated from ever continuing in any employment or pass away before your housing loans are fully paid up. If you are using your CPF savings to pay the housing loan installments on your HDB flat, you are likely to be insured under the Home Protection Scheme (HPS). Click here to apply for the HPS benefits under permanent incapacity grounds. Click here for more information on HPS. |
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