What is Dependants’ Protection Scheme (DPS)?

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.

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.

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.

Note CPF nomination does not cover DPS claim proceeds. You can nominate your nominees under the new Nomination Framework under the Insurance Act which was implemented on 1st September 2009.

Like this article?

Sign up to receive more personal finance tips every week.


  1. says

    Dear Swee Hong

    If you look at terms and conditions of NTUC DPS, it says “Pre-existing illness/condition or impairment/incapacity before the
    cover commenced unless approval has been granted by the insurers”

    Regarding your point that “no requirement for such a declaration… is automatically covered on payment of first CPF contribution”, I think it is true and that could be a potential issue in the future and many are not even aware when they are enrolled in DPS scheme.

    There was an article in 2007 for the definition of disability, maybe it will be of some help to you http://news.asiaone.com/News/The+Straits+Times/Story/A1Story20071227-42604.html

  2. says

    How is PTD defined under DPS? A claim was rejected by INCOME without clarification as to why it did not qualify. This was in respect of a young person , 30 + yrs , autistic , post encephalitis , unable to walk and take care of himself.
    The reason given was that he did not declare his autism at time of cover. But there is no requirement for such a declaration.
    If I am not wrong , one is automatically covered on payment of first CPF contribution until one opts out or there is no money in CPF.

    Can you please help to clarify if there is any avenue for appeal in this case.
    Thank you.

Leave a Reply

Your email address will not be published. Required fields are marked *