If I am offered a Home Protection Scheme cover with premium loading, what will be my premium payable?
Home Protection Scheme premiums are calculated based on several factors:
 
  • Outstanding housing loan on the flat
  • Loan repayment period
  • Type of loan (HDB concessionary or market rate)
  • Age and gender
  • Percentage share of cover of the outstanding housing loan
The amount of premium loading depends on the seriousness of your pre-existing health condition. If you are offered cover with premium loading, the Board will inform you of the total premium amount payable and you may decide whether to take it up.

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