Sunday, October 18, 2009

What is the Dependants' Protection Scheme (DPS)

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The Dependants’ Protection Scheme is an optional Term insurance scheme which covers permanent disability and death worldwide. The maximum sum assured is S$46,000 up to age 60.

Currently administered by two insurers, Great Eastern Life and NTUC Income. The scheme is extended to CPF members who are Singapore citizens or Permanent Residents, between age 16 and 60, when they make their first CPF contribution.

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