CPF Board - FAQs - Dependants' Protection Scheme

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Dependants' Protection Scheme

The Dependants’ Protection Scheme (DPS) is an affordable term insurance scheme that provides insured members and their families with some money to get through the first few years should the insured members become permanently incapacitated or pass away.

Currently, DPS is administered by two insurers, Great Eastern Life and NTUC Income. The scheme is extended to CPF members who are Singapore citizens or Permanent Residents, between age 16 and 60, when they make their first CPF contribution.

Members, who are granted DPS auto-coverage, will receive a welcome package consisting of a Welcome Letter, an Opt-out form and a Change Insurer form. Click here to view the Welcome Letter in the four languages.

For general information on the scheme, please refer to the Frequently Asked Questions below. The following information is also available in Malay (0.03MB), Chinese (0.08MB) and Tamil (0.04MB).

1. What is DPS?

2. How do I apply to be insured under DPS?

3. How much do I need to pay to be covered under DPS? How do I pay my premiums?

4. How is my sum assured determined?

5. Why should I be covered under DPS? What are the benefits of being covered?

6. Can I change my insurer?

7. If I opt-out now, can I apply to be covered at a later stage?

8. When can a claim be made?

9. How are claims paid out?

For more information relating to DPS, you may contact either one of the appointed insurers:

Great Eastern Life
Tel: 1800 – 248 2888
Website: http://www.Lifeisgreat.com.sg
Email: wecare@Lifeisgreat.com.sg NTUC Income
Tel: 6477 7755
Website: http://www.income.coop
Email: dps@income.com.sg

1. What is DPS?

DPS is an optional term insurance which covers CPF members for a maximum sum assured of $46,000 up to age 60. The coverage is worldwide. The DPS benefit will be paid out if the insured member passes away or becomes permanently incapacitated such that he or she can no longer work.

2. How do I apply to be insured under DPS?

You may do so by submitting your application to Great Eastern Life or NTUC Income directly.

3. How much do I need to pay to be covered under DPS? How do I pay my premiums?

The premium payable depends on your age at your last birthday. Premiums can be paid from your CPF Ordinary and/or Special Account(s). The yearly premiums, based on age and regardless of gender, are as follows:

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

The coverage will continue as long as there is sufficient money in your CPF Ordinary and/or Special Account(s) for the deduction of the yearly premium. If you do not have sufficient CPF money to pay the yearly premium, you may pay cash to your insurer.

4. How is my sum assured determined?

You will be covered for the maximum sum assured of $46,000, if you have enough savings in your CPF Ordinary and/ or Special Account(s) to pay the full premium.

Premiums will first be deducted from your Ordinary Account. If your Ordinary Account does not have enough money, premiums will be deducted from your Special Account. If you do not have enough CPF savings to pay the premium for maximum cover, you can either do a top-up to your insurer directly or be insured for a lower amount (the minimum coverage is $5,000).

5. Why should I be covered under DPS? What are the benefits of being covered?

As a DPS member, you can enjoy insurance coverage at affordable premiums. Furthermore, the premiums can be paid using your CPF Ordinary/Special Account(s) savings; no out-of-pocket cash is required.

6. Can I change my insurer?

Yes, you can change your insurer any time.

All new joiners are given a 2-week grace period to change their insurer. Should you wish to make the change after the grace period has lapsed, you would have to apply directly to your preferred insurer.

7. If I opt-out now, can I apply to be covered at a later stage?

Yes, you can apply to be insured at a later stage with any of the 2 insurers directly. Your application will be assessed based on your health condition then.

8. When can a claim be made?

A claim can be made when:

	The member becomes physically/mentally incapacitated and can no longer work as certified by a doctor, or
	The member dies.

The DPS benefit will not be payable if the death or permanent incapacity is the result of :

	suicide or self-inflicted injury within the first year of cover; or
	capital punishment resulting from crimes committed within the first year of cover; or
	pre-existing illnesses/conditions or impairment/ incapacity before the cover started unless approval has been granted by your insurer; or
	participation in wars, any war-like operations or riots.

For more information on how to file a claim, please contact your insurer.

9. How are claims paid out?

In the event of death, both insurers, Great Eastern Life and NTUC Income, will pay the claims to the family members of the deceased member (for example, spouse, children or parents) according to the Insurance Act if there is no will or nomination.

Members who wish to distribute the claim in a different manner may do so via a will or nomination.

Claims under Permanent Incapacitation (PI) will be paid to the insured members.

For more information on the distribution of DPS claims, please contact your insurer.

Last Updated on: Monday, June 23, 2008 at 5:42 PM