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How can I apply to be exempted from Home Protection Scheme?

If you are using CPF for your monthly housing instalments, you can apply to be exempted from the Home Protection Scheme (HPS) provided your private insurance coverage is enough to cover your outstanding housing loan against death, terminal illness and total permanent disability until the end of your loan term or age 65, whichever is earlier.

Here is what you need to do:

  1. Contact your private insurance provider to submit your application to be exempted from HPS.
  2. Submit supporting documents to your insurer that show details of your current* housing loan, such as the commencement date, balance loan amount, balance term of loan and mortgage rate. You can find this information on your housing loan statement.

* Within six months of the submission date of your exemption application.

We will only accept applications submitted by insurers. Once we receive your application and necessary documents from your insurers, we will assess your eligibility for exemption from HPS and inform you of the outcome generally within five working days.

If you are successful in the exemption application, your existing HPS cover will be terminated. You will receive a full premium refund credited to your CPF Ordinary Account (OA), provided that 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 credited to your OA upon the termination of your HPS cover.