A Singapore Government Agency Website 

Can I apply to be insured under Home Protection Scheme if I do not have any outstanding housing loan?

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Source: https://www.cpf.gov.sg/member
The Home Protection Scheme (HPS) benefits are used to pay off the outstanding housing loan in the event of a claim. If you have not taken any housing loan to buy your HDB flat, HPS is not applicable to you.

This information provided here is sourced from the CPF website.


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