If I am currently using my Special Account (SA) for Dependants' Protection Scheme premiums, how would I be impacted by the closure of SA?
After your Special Account (SA) closes at age 55, your Dependants' Protection Scheme (DPS) premiums can only be paid from your CPF Ordinary Account (OA), subject to available balance, or in cash directly to the appointed DPS insurer, Great Eastern Life.
Transition measures are in place to provide short-term support to members immediately affected by the SA closure. These members will be notified directly and advised on the necessary steps to take.
This information is sourced from CPF
Related questions
What happens to my Dependants' Protection Scheme (DPS) cover when my account is closed?
I am no longer a Singaporean or a Permanent Resident. What will happen to my Dependants' Protection Scheme cover?
Why are some funds reserved in my CPF Ordinary Account for the Dependants' Protection Scheme premium?
What is the closure of Special Account for members aged 55 and above about?
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