Home Ownership

Home Protection Scheme exemption calculator

    Calculate if your private insurance coverage is sufficient to grant you an exemption from the Home Protection Scheme (HPS)  

    HPS exemption can only be granted if your private insurance policies are enough to cover the outstanding housing loan of your HDB flat against death, terminal illness, and total permanent disability until the end of your loan duration or when you reach age 65, whichever is earlier.

    The types of life insurance policies (both traditional and investment-linked) that are acceptable for HPS exemption are:

    • Whole Life
    • Term Life
    • Endowments
    • Life Riders (must be attached to a basic policy)
    • Mortgage Reducing Term Assurance (MRTA) / Decreasing Term Rider
    Home protection scheme exemption calculator
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    Personal information

      Let us know your age

      Your date of birth helps us to determine whether your private insurance policies can provide the necessary coverage for you to be exempted from the scheme. The Home Protection Scheme covers members between the ages of 21 and 65.

      HPS exemption is only applicable to members aged between 21 and 65.


      Enter your housing loan details

      This date should not be more than 6 months before today.



      Loan duration
      years

      Indicate a period between 1 and 40 years.


      Tell us more about your private insurance policies

      %

      Indicate a period between 1 and 99 years

      Your policy must provide terminal illness coverage until age 65 or the end of your loan duration, whichever is earlier.

      X

      Your policy must provide terminal illness coverage until age 65 or the end of your loan duration, whichever is earlier.

      years old

      Your policy must provide terminal illness coverage until age 65 or the end of your loan duration, whichever is earlier.

      X

      Your policy must provide terminal illness coverage until age 65 or the end of your loan duration, whichever is earlier.

      Your policy must provide total permanent disability coverage until age 65 or the end of your loan duration, whichever is earlier.

      X

      Your policy must provide total permanent disability coverage until age 65 or the end of your loan duration, whichever is earlier.

      years old

      Your policy must provide total permanent disability coverage until age 65 or the end of your loan duration, whichever is earlier.

      X

      Your policy must provide total permanent disability coverage until age 65 or the end of your loan duration, whichever is earlier.


      You can add up to %s% more private policies

      Indicate the coverage you want to be exempted from HPS

      Your coverage to be exempted should minimally match the proportion of the monthly housing instalment payable with your CPF savings and/or cash. Your private insurance policies must be sufficient to cover the proportion of housing loan you are paying for.

      You added a joint life policy in "Private insurance policy information".

      Joint life policy holders are required to apply for 100% coverage to be exempted.

      %

      See example of calculation

      Results

      Your private insurance policies provide you with sufficient coverage. You can apply for exemption from the Housing Protection Scheme through your private insurers.

      If you intend to use your CPF savings to pay the monthly housing instalment, you would have to apply for HPS first. You can then apply for HPS exemption after you have obtained legal ownership of the flat/completed the refinancing of your housing loan. This ensures that your monthly housing instalment arrangement will not be disrupted if the HPS exemption is not submitted and approved in time. If your HPS exemption is received and approved within one month from the issuance of your HPS cover, we will refund the full premium to your CPF Ordinary Account. Otherwise, a pro-rated premium refund will be made upon the termination of your HPS cover.

      Resources
      Home Protection Scheme

      Protect yourself and your family from losing your HDB flat in the event of death, terminal illness or total permanent disability.​


      Results

      Your private insurance coverage falls short by {maxShortfall}

      Your private insurance coverage is insufficient to cover your outstanding housing loan until age 65 or the end of your loan duration, whichever is earlier. Refer to the details below and reach out to your insurer to address the shortfall.

      Results Details
      Here are the reasons for the shortfall
      Resources
      Home Protection Scheme

      Protect yourself and your family from losing your HDB flat in the event of death, terminal illness or total permanent disability.​


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