CPFB | If I am eligible for the porting of my Home Protection Scheme cover, what is the sum assured that I am insured for and the period of cover?

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If I am eligible for the porting of my Home Protection Scheme cover, what is the sum assured that I am insured for and the period of cover?

We will issue you a new Home Protection Scheme (HPS) cover based on the lower of:

The remaining sum assured of your previous HPS cover or the new outstanding loan for the new flat, and
The remaining cover period of your previous HPS cover or the new cover period for the new flat.

The same terms and conditions for your previous HPS cover will continue to apply to your new HPS cover.