The Central Provident Fund Board (CPFB) announced on 2 October 2020 that, from 1 April 2021, CPF members under the Dependants’ Protection Scheme (DPS) will enjoy a higher sum assured of $70,000 at more attractive premiums. The scheme will also cover members up to age 65. Currently, the sum assured is $46,000 and DPS coverage is capped at age 60.

In the same announcement, CPFB also stated that Great Eastern Life will take over the administration of all DPS policies from 1 April 2021. No action is required from Income’s DPS policyholders at this point in time, as Income will continue to issue new DPS policies and serve DPS policyholders until the transition to Great Eastern Life on 1 April 2021.

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 a term insurance that 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.

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  • sir, i am covered by DPS but i did not know whether i can claim for suffering from kidneys failure, both my kidneys were diagnosed to be of 10% functioning only. i now undergoing dialysis for two over years. i tried working continuing my taxi driving but it is very unsafe to drive so i stop taxi driving after forcing myself to make end meet. i started working as security guard after three to four months my body really refused to function i got blackouts, cramps and others symptoms. i rested a few months, went back as security guard for few months and again the symptoms returned. i am now three months jobless i went for interviews and were turned down because i am kidneys patient undergoing dialysis. please help me to make end meet and kindly assist me if i am eligible to claim. thank you.

  • 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

  • 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.

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