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What happens after I have terminated my Home Protection Scheme cover?

Updated by CPF
You will get a full premium refund to your Ordinary Account (OA) if the termination application is received within one month from the issuance of your Home Protection Scheme (HPS) cover. Otherwise, any unused premium will be refunded back to your OA upon the termination of your HPS cover.
 
The monthly servicing of your housing loan instalments via CPF savings (if any) will cease upon the termination of your HPS cover.

This information is sourced from CPF.

Topics:

Home OwnershipProtecting against losing your home

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