If I am currently insured under the Home Protection Scheme (HPS), how much premium refund will I get if my application to be exempted from HPS is approved?
If you are successful in the exemption application, your existing HPS cover will be terminated. You will get a full premium refund into your CPF Ordinary Account (OA) provided that the exemption application is received (by the Board) within one month from the issuance of the HPS cover. Otherwise, a pro-rated refund will be credited to your OA upon the termination of your HPS cover.
This information is sourced from CPF
Related questions
How can I apply to be exempted from Home Protection Scheme?
What can I do if I do not want to be insured under the Home Protection Scheme?
What happens after I have terminated my Home Protection Scheme cover?
If I did not apply to use my CPF savings when buying my HDB flat, can I apply to be exempted from the Home Protection Scheme and use my CPF savings for monthly housing instalments now?
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