Dependants' Protection Scheme – Product Summary

For many of us, the single most valuable possession is our ability to earn a living. An accident or illness can cause catastrophic loss to your family. One of the best things you can do is to insure yourself with the Dependants’ Protection Scheme (DPS).

Coverage benefit

DPS is a low cost term-life, opt-out insurance scheme that provides a basic coverage of up to $46,000. It aims to provide the insured and their families with some money to tide them over the first few years in the event of death or permanent incapacity.

Affordable premium

The premium payable depends on your age at your last birthday. The premium will be higher as you get older. Premiums are payable once a year, based on your age, regardless of gender. They are as follows:

Eligibility

As long as you are a Singaporean or a permanent resident between 16 to 60 years and currently have CPF contributions, you are automatically insured under DPS.

If you have opted out previously and wish to rejoin DPS, kindly complete the proposal form and mail it to the following address:

Alternatively, you may visit any of our servicing branches to submit the completed proposal form or fax to us at 6338 1500, attention to Dependants' Protection Scheme.