3. Ease of premium payment from your Ordinary Account (OA)
HPS premium is payable in full with your OA savings and will be automatically deducted from your CPF annually. This helps to ensure there will be no lapses in your coverage.
In the event that there are insufficient funds in your OA for the payment of your HPS premium, you will be notified. You can make payment via the e-Cashier (using PayNow), or with cash at any Singapore Post Office branch office.
Alternatively, your spouse, parent, child, or sibling who co-owns the flat with you can also authorise the Board to use his/her OA savings to pay your premium shortfall.
You can find out more about the Home Protection Scheme here.
