in
What is Home Protection Scheme?
cpf
Source: https://www.cpf.gov.sg/memberHome Protection Scheme (HPS) is a mortgage-reducing insurance that protects you and your loved ones from the risk of losing your HDB flat in the event of unforeseen circumstances like death, terminal illness, or total permanent disability.
HPS is designed to ensure that your loved ones can continue to live in the flat without worrying about the financial burden from any unforeseen circumstances. It insures members up to the age of 65 or until the housing loans are paid up, whichever is earlier. As a member, you will be covered until the age of 65 or until your housing loans are fully paid off, whichever comes first.
This information provided here is sourced from the CPF website.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
What is the difference between Home Protection Scheme , HDB Fire Insurance and Home Insurance?
from CPFCan I apply to be insured under Home Protection Scheme if I do not have any outstanding housing loan?
from CPFWhere can I check my current Home Protection Scheme cover details?
from CPFHow do I apply to be insured under the Home Protection Scheme?
from CPF
Can’t find what you’re looking for?