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Can I reserve monies in my CPF Ordinary Account to pay the annual renewal premium for my Home Protection Scheme cover?

Updated by CPF
The monies in your CPF Ordinary Account (OA), including your incoming CPF contributions, will automatically be reserved up to a period of two months for the full Home Protection Scheme premium amount, when you do not have sufficient funds in your OA at the time of HPS cover renewal.

This information is sourced from CPF.

Topics:

Home OwnershipProtecting against losing your home

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