Can I cancel my CPF LIFE plan after I have joined?
Once you have joined CPF LIFE, you can only cancel your CPF LIFE plan for the following reasons.
- You have a reduced life expectancy due to a medical condition, as certified by an accredited doctor*. Severe medical conditions that cause you to be permanently unfit for work or to lack mental capacity permanently can also be considered.
- You are about to leave / have left Singapore and West Malaysia permanently with no intention of returning for work or to live.
- You are a Malaysian citizen and have left Singapore permanently to live in West Malaysia.
- You are fully exempted from setting aside the retirement sum in your Retirement Account because you are receiving a monthly pension / annuity payout.
Upon cancellation, you will receive a refund of your CPF LIFE premium balance. If your CPF LIFE premium has been fully paid to you as monthly payouts, there will be no remaining premium balance to refund.
*The list of accredited doctors comprises doctors from public hospitals, polyclinics or specialists. If clarifications are needed, we may request a detailed medical report from your doctor from the accredited list. If your doctor is not from the accredited list, an independent assessment will be required from the Board's panel of doctors.