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If I am currently insured under the Home Protection Scheme (HPS), how much premium refund will I get if my application to be exempted from HPS is approved?

If you are successful in the exemption application, your existing HPS cover will be terminated. You will get a full premium refund into 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.