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Is Dependants' Protection Scheme compulsory?
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Source: https://www.cpf.gov.sg/memberCoverage under the Dependants' Protection Scheme (DPS) is not compulsory. Insured members can contact their existing insurer, Great Eastern Life or NTUC Income, to terminate their DPS cover any time by completing the opt out form.
Member should consider the benefits of DPS carefully before he/she terminates his/her DPS cover. Continuing with the DPS cover will provide some financial protection for the member’s family. If member decides to rejoin DPS in the future, he/she will need to submit a health declaration again and the cover will be provided subject to him/her being in good health then.
This information provided here is sourced from the CPF website.
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