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Home Protection SchemeHome Protection Scheme<p></p>The Home Protection Scheme (HPS) protects CPF members and their families from losing their HDB flat in the event of death, terminal illness or total permanent disability.​TrueFalseTrueOthers;#

 

 

UnderstandWhat is the Home Protection Scheme (HPS)? <p>The HPS is a mortgage-reducing insurance that protects members and their families against losing their HDB flat in the event of death, terminal illness or total permanent disability. HPS insures members up to age 65 or until the housing loans are paid up, whichever is earlier.​</p>Home Protection Scheme16491649
Understand Do I need to be insured under HPS? <p>​You have to be insured under HPS if you are using your CPF savings to pay your monthly housing loan instalments on your HDB flat. HPS does not cover private residential properties, such as executive condominiums (ECs) or privatised Housing and Urban Development Company (HUDC) flats.</p>Home Protection Scheme16521652
UnderstandWhen will my HPS cover start? <p>Your HPS cover starts when you meet all of the following conditions:</p><ul><li>You are the legal owner of the flat. </li><li>You have completed the loan application with HDB or the approved mortgagee and are now legally responsible for the loan. </li><li>You have made your health declaration which is accepted for HPS coverage. </li><li>You have paid the first HPS premium.</li></ul>Home Protection Scheme16531653
EvaluateHow much must I be insured for under Home Protection Scheme (HPS)?<p>Your share of the HPS cover should at least match the proportion of the monthly housing instalment which is payable with your CPF savings and/or cash. This is because HPS pays off the outstanding housing loan, up to the sum assured, based on the percentage share of cover of the insured in the event of death or permanent incapacity. For example, if you are paying 80% of the monthly housing instalments, and your co-owner pays the remaining 20%, you should be insured for 80% of the loan and your co-owner 20%.</p><p>The total share of cover per household should add up to at least 100%.</p><p>However, you may each choose to insure for a higher or lower share based on your individual needs and circumstances, up to 100% share of cover per owner. For example, if you and your co-owner are paying 80% and 20% of the loan respectively, you can both be insured for 100%. This means that the Board would settle 100% of the outstanding housing loan up to the insured sum in the event of death or permanent incapacity.</p>Home Protection Scheme16561656
EvaluateHow long am I covered under HPS?<p>New members insured under HPS will be covered under Annual Premium (AP) up to 65 years old or until your housing loan is paid up, whichever is earlier.</p><p>For members insured under HPS before 1 March 2001, your Single Premium (SP) HPS will cover you up to 55 or 60 years old, depending on when you joined the scheme. This is stated in your SP certificate. The Board will extend an AP cover when your SP cover has expired and you still have an outstanding housing loan. The issuance of AP cover is subject to premium payment.</p>Home Protection Scheme16571657
EvaluateHow long do I need to pay the HPS premium?<p>​You will only need to pay annual premium for 90% of your HPS cover period. For example, if your HPS cover period is 30 years, you will only need to pay the premium for 27 years.</p>Home Protection Scheme16711671
EvaluateHow can I pay the HPS premium?<p>The annual premium will be deducted automatically from your CPF Ordinary Account (OA) to renew your cover. HPS premium deduction has priority over that of your monthly housing instalment. This is to ensure that you remain insured under HPS before you use your CPF to service the loan.</p><p>You will receive a notification from the Board to top up your OA if the balance is not enough to pay the premium.</p>Home Protection Scheme16581658
EvaluateWhat if there are insufficient funds in my CPF Ordinary Account (OA)?<p>You will be informed to make payment via the following modes:</p><ul><li>e-Cashier or e-Nets </li><li>AXS / SAM stations </li><li>Cash at any Singapore Post branches </li><li>Cheque to CPF Board</li></ul><p>Your spouse/parent/child/sibling, who co-owns the flat with you, can also authorise us to use his/her CPF OA savings to pay your premium shortfall.​</p>Home Protection Scheme16591659
EvaluateWhat happens if I do not pay my HPS premium?<p>Your HPS cover will lapse and you will not be covered under the scheme.</p><p>You will need to re-apply for cover if you wish to be covered under HPS and your eligibility for coverage will be subject to your health condition at the point of the re-application.</p>Home Protection Scheme16601660
EvaluateDo I have to declare my health condition under the HPS?<p>Yes, you have to fully disclose all information regarding your health conditions, which include:</p><ul><li>All your past and current illnesses; </li><li>Any past or planned surgery; and </li><li>Any physical or mental impairment.</li></ul><p>You may be required to undergo a medical examination. The Board may also request a copy of the medical report on your health condition.</p>Home Protection Scheme16611661
EvaluateHow is the HPS premium calculated?<p>The HPS premium is calculated based on four factors:</p><ol><li>Outstanding housing loan on the flat </li><li>Loan repayment period of the flat </li><li>Type of loan (concessionary or market rate) </li><li>Age and gender of member</li></ol><p>You can estimate your HPS premium using the <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/HomeProtectionSchemePremium/HomeProtectionSchemePremiumLanding" target="_blank">Home Protection Scheme Premium Calculator</a>.</p>Home Protection Scheme16621662
EvaluateHow is the claim for HPS paid when the member suffers from terminal illness or total permanent disability, or passes away?<p>We will settle the outstanding housing loan, up to the insured sum, with HDB or the mortgagee directly.​​</p> <p>If the member suffers from terminal illness or total permanent disability, or passes away on or after 1 May 2016, with the sum assured higher than the outstanding loan, the excess amount will be paid into the insured member’s Ordinary Account.</p> <p>For deceased members, their CPF savings will be distributed to their nominees. In cases where no nominations are made, the Public Trustee will distribute the deceased member’s CPF savings under the intestacy laws or Muslim inheritance laws. The member and/or his/her joint owner(s)/personal representative(s) will be informed once the claim payment has been made.</p>Home Protection Scheme16651665
EvaluateWhat are the exclusions for HPS claims?<p>Members will not be able to claim under HPS if the following events occur within the first policy year of the cover:</p><ul><li>they committed self-inflicted injury or suicide, or​</li><li>they committed a criminal offence punishable by death, or​</li><li>the claim arose out of their own intentional criminal act.​​</li></ul><p>Members will also not be able to claim under HPS if</p><p></p><ul><li>they were not in good health before the commencement of HPS cover, or​</li><li>they provided false or misleading information, or​</li><li>​the claim arose from wars or any warlike operations or participation in any riot​</li></ul>Home Protection Scheme16661666
EvaluateWhen will I need to adjust my HPS cover?<p>You need to adjust your HPS cover if:</p><ul><li>The loan repayment period or loan amount has changed or </li><li>Your share of responsibility in repaying the loan has changed</li></ul><p>This is to ensure that you are not over-insured and that your share of HPS cover is sufficient to pay your share of the outstanding loan in the event of death or permanent incapacity.</p>Home Protection Scheme16641664
DecideCan I apply to be exempted from Home Protection Scheme (HPS)?<p>You can apply for HPS exemption if you already have one or more of the following insurance policies:</p><ul><li>Whole Life </li><li>Term Life </li><li>Endowments </li><li>Life Riders (must be attached to a basic policy) </li><li>Mortgage Reducing Term Assurance (MRTA) / Decreasing Term Rider</li></ul><p>These policies must cover your outstanding housing loan up to the full term of loan or 65 years old, whichever is earlier, in the event of death, terminal illness or total permanent disability​.</p><p>Your exemption from HPS may be revoked if any of the insurance policies used for the exemption is discontinued or altered. Subsequently, the Board would extend a HPS cover to you based on the declared percentage that you were exempted for, subject to the Board’s terms and conditions. If you wish to be exempted from HPS again, you will need to reapply for it.</p>Home Protection Scheme16721672
ApplyHow do I apply to be covered under HPS?<p>If you are taking a HDB loan, you can apply for HPS cover at HDB Hub or any HDB branch office when you are applying to use your CPF for the monthly housing instalment.<br></p><p>If you are taking a bank loan, you can apply for HPS cover by completing the <a href="/Members/Services/forms-and-e-app/schemes/housing/public-housing-scheme"> Form HBL1/2/3</a> which is available at the banks, solicitors or any <a href="/Members/Contact/visit-us"> CPF Service Centres</a>.</p><p>If you are not making any CPF withdrawals for your HDB mortgage loan but wish to be covered under HPS, you can apply via the following channels:</p><p> <strong>Online using <em> <strong>my cpf</strong></em></strong></p><ol><li style="margin-bottom:5pt;">Login with your <a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices"> SingPass</a>. </li><li style="margin-bottom:5pt;">Submit an online application via My Requests.</li></ol><p> <strong>Mail</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_HPS45.pdf" target="_blank"> HPS Application Form for HPS Cover / to Adjust HPS Cover</a>. </li><li style="margin-bottom:5pt;">Mail it to:<br>CPF Board<br>Home Protection Scheme Department (HPS)<br>238B Thomson Road<br>#08-00 Tower B Novena Square<br>Singapore 307685</li></ol><p>We will process the request and keep you informed of the outcome. You can also refer to our <a href="/Members/AboutUs/about-us-info/service-standards-for-members/housing#hps"> service standards</a> for more information.</p>Home Protection Scheme16751675
ApplyHow do I apply to be exempted from HPS?<p>You can apply to be exempted from HPS via the following channels:</p><p> <strong>Online using <em> <strong>my cpf</strong></em></strong></p><ol><li style="margin-bottom:5pt;">Login with your <a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices"> SingPass</a>. </li><li style="margin-bottom:5pt;">Submit an online application via My Requests.</li></ol><p> <strong>Mail</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_HPS2.pdf" target="_blank"> Application for Exemption from HPS</a>. </li><li style="margin-bottom:5pt;">Mail it to:<br>CPF Board<br>Home Protection Scheme Department (HPS)<br>238B Thomson Road<br>#08-00 Tower B Novena Square<br>Singapore 307685</li></ol><p>We will process the request and keep you informed of the outcome. You can also refer to our <a href="/Members/AboutUs/about-us-info/service-standards-for-members/housing#hps"> service standards</a> for more information.</p><p>You will get a full premium refund into your CPF Ordinary Account (OA) if 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 given to your CPF OA upon the termination of your HPS cover.</p>Home Protection Scheme16741674

 

 

Home Protection Scheme Premium CalculatorHome Protection Scheme Premium Calculator<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/HomeProtectionSchemePremium/HomeProtectionSchemePremiumLanding" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">hps_inp.asp</a>

 

 

 

 

 

 

Apply for / Adjust my HPS cover (MP4, 1.3MB)Apply for / Adjust my HPS cover (MP4, 1.3MB)<a href="/Assets/members/Documents/OnlineDemo/HPS_45.mp4" target="_blank" title="Apply for / Adjust my HPS cover "><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Apply for / Adjust my HPS cover </a>
Terminate my HPS cover (MP4, 0.8MB)Terminate my HPS cover (MP4, 0.8MB)<a href="/Assets/members/Documents/OnlineDemo/HPS_45A.mp4" target="_blank" title="Terminate my HPS cover"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Terminate my HPS cover</a>
Top up Home Protection Scheme Premium (AXS) (MP4, 0.7MB)Top up Home Protection Scheme Premium (AXS) (MP4, 0.7MB)<a href="/Assets/members/Documents/OnlineDemo/AXS_HPS_TopUp.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Top up Home Protection Scheme Premium</a>
Top up Home Protection Scheme Premium (SAM) (MP4, 1.4MB)Top up Home Protection Scheme Premium (SAM) (MP4, 1.4MB)<a href="/Assets/members/Documents/OnlineDemo/SAM_HPS_TopUp.mp4" target="_blank" title="Top up Home Protection Scheme Premium"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Top up Home Protection Scheme Premium</a>
Top up my HPS cover (e-Cashier) (MP4, 1.0MB)Top up my HPS cover (e-Cashier) (MP4, 1.0MB)<a href="/Assets/members/Documents/OnlineDemo/eCashier_TopUp_HPS.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Top up my HPS cover (e-Cashier)</a>
Apply to be exempted from HPS (MP4, 1.5MB)Apply to be exempted from HPS (MP4, 1.5MB)<a href="/Assets/members/Documents/OnlineDemo/HPS_2.mp4" target="_blank" title="Apply to be exempted from HPS"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Apply to be exempted from HPS</a>
Notify a Death (MP4, 1.7MB)Notify a Death (MP4, 1.7MB)<a href="/Assets/members/Documents/OnlineDemo/INS_DTH_CLM.mp4" target="_blank" title="Notify a Death"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Notify a Death</a>
Apply to claim under medical grounds (MP4, 1.7MB)Apply to claim under medical grounds (MP4, 1.7MB)<a href="/Assets/members/Documents/OnlineDemo/Claim_Medical_Grounds.mp4" target="_blank" title="Apply to claim under permanent incapacity grounds"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Apply to claim under medical grounds​</a>
Request my HPS certificate (MP4, 0.5MB)Request my HPS certificate (MP4, 0.5MB)<a href="/Assets/members/Documents/OnlineDemo/HPS_Cert.mp4" target="_blank" title="Request my HPS certificate"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Request my HPS certificate</a>
Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium (MP4, 1.3MB)Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium (MP4, 1.3MB)<a href="/Assets/members/Documents/OnlineDemo/HPS_7.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium</a>

 

 

 

 

 

 

A Home Protection Scheme InfographicA Home Protection Scheme Infographic<a href="/Assets/members/Documents/HPSInfographics.png" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">HPSInfographics.png</a><p>(PNG, 0.3MB)</p> <p>​View the Home Protection Scheme Infographic to learn more about this mortgage-reducing insurance</p><a href="/Assets/common/Documents/ResourceThumbnails/HPS_Thumb.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">HPS_Thumb.png</a>

 

 

Application for Exemption from Home Protection Scheme (HPS)<a href="/Assets/members/Documents/FORM_HPS2.pdf" target="_blank" title="Application for Exemption from Home Protection Scheme (HPS)"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for Exemption from Home Protection Scheme (HPS)</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplyForHpsExemption/" title="Application for Exemption from Home Protection Scheme (HPS)"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Exemption from Home Protection Scheme (HPS)</a><p>​FORM HPS/2 (PDF, 0.2MB)<br></p>00
Home Protection Scheme (HPS) Application for HPS Cover / to Adjust HPS Cover<a href="/Assets/members/Documents/FORM_HPS45.pdf" target="_blank" title="Home Protection Scheme (HPS) Application for HPS Cover / to Adjust HPS Cover"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Home Protection Scheme (HPS) Application for HPS Cover / to Adjust HPS Cover</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplyOrAdjustHpsCover/ImportantNotes" title="Home Protection Scheme (HPS) Application for HPS Cover / to Adjust HPS Cover"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Home Protection Scheme (HPS) Application for HPS Cover / to Adjust HPS Cover</a><p>​FORM HPS/45 (PDF, 0.7MB)<br></p>00
Termination of Home Protection Scheme Cover<a href="/Assets/members/Documents/FORM_HPS45A.pdf" target="_blank" title="Termination of Home Protection Scheme Cover"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application to Cancel / Terminate Home Protection Scheme (HPS) Cover</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/TerminateMyHPSCover/Index" title="Termination of Home Protection Scheme Cover"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application to Cancel / Terminate Home Protection Scheme (HPS) Cover</a><p>FORM HPS/45A (PDF, 0.3MB)<br></p>00
Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium<a href="/Assets/members/Documents/FORM_HPS7.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/TopUpSelfOrSpouseHpsCover/TopUpSelfOrSpouseHpsCoverLanding" title="Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Top-up / Authorisation to Use Ordinary Account Savings for Insured’s Premium​</a><p>​FORM HPS/7 (PDF, 0.2MB)<br></p>11
Claim for Home Protection Scheme Benefit (Medical Grounds)<a href="/Assets/members/Documents/FORM_HPS_PI.pdf" target="_blank" title="Claim for Home Protection Scheme Benefit (Permanent Incapacity)"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Claim for Home Protection Scheme Benefit (Medical Grounds)</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplyToClaimOnPermanentIncapacity/ClaimHpsBenefit" title="Claim for Home Protection Scheme Benefit (Permanent Incapacity)"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Claim for Home Protection Scheme Benefit (Medical Grounds)</a><p>FORM HPS/IC​ (PDF, 0.5MB)<br></p>00
Claim for Home Protection Scheme Benefit (Death)<a href="/Assets/members/Documents/FORM_HPS_D.pdf" target="_blank" title="Claim for Home Protection Scheme Benefit (Death)"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Claim for Home Protection Scheme Benefit (Death)</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/NotifyADeath/InsuranceClaimOnDeathGroundsNotes" title="Claim for Home Protection Scheme Benefit (Death)"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Claim for Home Protection Scheme Benefit (Death)</a><p>​FORM HPS/D (PDF, 0.4MB)<br></p>00

 

 

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