Dependants' Protection Scheme

Dependants' Protection Scheme

Affordable term-life insurance that automatically covers all CPF members who are Singapore Citizens or Permanent Residents between the age of 21 and 60.

What it covers

Death and permanent incapacity

We pay the sum assured, in the event of death or permanent incapacity. Permanent incapacity means being physically or mentally disabled from ever continuing in any employment, including self-employment.


You can enjoy insurance coverage at affordable premiums. Your DPS premiums can be paid using your CPF Ordinary and/or Special Account. As long as you have sufficient funds in your CPF accounts, no out-of-pocket cash is required.

We automatically renew your policy every year, provided that there are sufficient funds in your CPF account to pay the minimum cover of $5,000. A notification letter will be sent to you one month before your renewal date.

Before you apply

You must be a CPF member and a Singapore Citizen or Permanent Resident aged between 16 and 59 years old.

Depending on your age at your last birthday, the corresponding premium amount, based on the maximum sum assured of $46,000, will be deducted yearly from your CPF Ordinary Account and/or Special Account. The premiums are regardless of gender.

Age (years) Yearly premium payment
34 and below $36
35-39 $48
40-44 $84
45-49 $144
50-54 $228
55-59 $260

If you have enough savings in your CPF Ordinary and/or Special Account to pay the full premium, you will be automatically covered for the maximum amount of $46,000.

Otherwise, a lower cover will be given depending on the balance in your CPF Ordinary and/or Special Account. The minimum cover provided is $5,000.

You will need to submit a health declaration if you are:

  • Insuring with us for the first time, whether by auto-cover or application
  • Topping up your sum assured after 60 days from your DPS policy renewal date
  • Reinstating your cover
Important Notes



There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important notes


This page is for general information only. You can find the usual terms and conditions of this plan in the policy conditions.

All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact NTUC Income or visit the websites of the General Insurance Association of Singapore (, the Life Insurance Association, Singapore ( or Singapore Deposit Insurance Corporation (

Information is correct as of 09 April 2015

Frequently Asked Questions

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