What is the Dependants’ Protection Scheme (DPS)?

21 Dec 2017 

​​DPS is an opt-out term insurance automatically extended to eligible CPF members. Here are two things you should to know about it.

What is the Dependants Protection Scheme.jpg

1.      It is an affordable term life insurance scheme

A term life insurance scheme is a life insurance that provides coverage for a fixed period of time. DPS covers insured members for a maximum sum assured of $46,000 if the member passes away, suffers from Terminal Illness or Total Permanent Disability.


Monthly premiums* can be paid using your Ordinary Account (OA) savings.If your OA has insufficient savings, your premiums will be deducted from your Special Account (SA) instead. If you do not have sufficient balances in your CPF savings, your premium can be paid for in cash to your insurer. 


2.      It is automatically extended to eligible members

You will be included under DPS if you are a Singaporean Citizen or Permanent Resident, aged between 21 and 60 years old, and have made your first CPF working contribution.


If you are extended a DPS cover, you will receive a welcome package from your insurer. Currently, DPS is administered by two insurers: Great Eastern Life and NTUC Income. You can check your DPS insurer and status of coverage by logging on to my cpf with your Singpass (view under My Messages or check your yearly CPF Statement of Account).


*The premium payable depends on your age on your last birthday. For more information, please visit: https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/dependants-protection-scheme


Information accurate as at 21/12/2017.​ 


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