Home Protection Scheme
If you are using your CPF savings to pay your monthly instalments, you have to be insured under the Home Protection Scheme (HPS). This is a mortgage reducing insurance scheme administered by the CPF Board. Should the insured member become permanently incapacitated or die prematurely before age 65, the CPF Board will pay the outstanding housing loan based on the amount insured under the HPS. The premium payable will depend on your declared percentage of coverage, loan amount, age, gender, etc. This premium can be paid using your CPF savings or cash.

For more information on HPS, you can obtain an HPS booklet on your appointment day at HDB Hub or call CPF Board or visit the CPF Board's website. You may also calculate the HPS premium by keying in your SingPass (if you have applied for one) to access the e-service at the CPF website.

Last Updated on 17 Jun 2015