What is the Dependants' Protection Scheme?
Dependants' Protection Scheme (DPS) is a term-life insurance scheme which provides insured members and/or their families with some money to get through the first few years should the insured members meet an untimely death, suffer from terminal Illness or total permanent disability.
DPS covers insured members up to 65 years old. Members up to 60 years old will be covered for a maximum sum assured of $70,000. For members above age 60 and up to age 65, DPS covers them up to a maximum sum assured of $55,000.
DPS is currently solely administered by Great Eastern Life.