How do I pay my Dependants' Protection Scheme premiums?
Dependants’ Protection Scheme (DPS) premiums will be automatically deducted from your CPF savings on your annual policy renewal date.
If your available CPF savings are insufficient for the full sum assured
Partial premiums will be deducted from your CPF savings, and the sum assured will be reduced proportionately (minimum sum assured is $5,000). If you wish to restore to full coverage, you will be required to make a cash top-up to the appointed insurer, Great Eastern Life (GEL). Visit GEL’s website for detailed instructions and forms.
If your available CPF savings are insufficient for the minimum sum assured
A full cash top-up to the appointed DPS insurer, GEL, will be required. Visit GEL’s website for detailed instructions and forms.
To ensure that your DPS coverage are renewed in a timely manner, you wish to consider paying your DPS premiums in cash via GIRO. To set up GIRO payments, please refer to “How do you stay covered under DPS” on GEL’s website.
For further assistance, you may contact GEL directly.
This information is sourced from CPF
Related questions
Why are some funds reserved in my CPF Ordinary Account for the Dependants' Protection Scheme premium?
What happens to my Dependants' Protection Scheme (DPS) cover when my account is closed?
My Dependants' Protection Scheme (DPS) claim has been approved. How will I receive my DPS claim payout?
Do all CPF members need Dependants' Protection Scheme?
Need more help?
Get in touch