Renovation Contractor Licence Guarantee

Commercial Insurance

This is a mandatory requirement by HDB for Contractors to apply for or renew their application to be listed in the Directory of Renovation Contractors (DRC), which is necessary to carry out renovation works in HDB flats

Key Benefits

blurb-benefits

Immediate issuance of Renovation Contractor Licence Guarantee

blurb-benefits

Hassle-free application

Here’s some key features of our product:

Hassle-free application

Hassle-free application where financial assessment / guarantors underwriting is not required

Immediate issuance

Immediate issuance of Renovation Contractor Licence Guarantee

A quick overview of our plan’s coverage

Benefits Coverage
Guarantee period 2 years (Version A)
Guaranteed sum /
Premiums (GST is exempted)
S$5,000
Premium: S$250

S$10,000
Premium: S$700
Premium payment frequency One-time payment
Refund premium No refund or cancellation midway during the Guarantee Period.
Information required for submission
  • Name / UEN Number of the Applicant
  • Letter from HDB: Application / Renewal of status of listing in the DRC
  • Guarantee Period – no back-dating is allowed

For a 3-year Guarantee Period, please send us an enquiry for a quotation.

Who is eligible for Renovation Contractor License Guarantee?

You and/or your company is eligible for this Guarantee if you have been approved by HDB to be listed in the Directory of Renovation Contractors (DRC).

Understand the details

This is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). You can find the usual terms, conditions and exclusions of this plan in the policy contract. 

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 advisor. 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. 

Information is correct as at 24 December 2025

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