24/06/2021
Premiums for home protection insurance reduced by 10% for CPF holders.
CPF members who are using their CPF savings to pay for the monthly housing loan instalments of their HDB flats have to be insured under HPS. Those who do not use their CPF savings to service their HDB housing loans can apply to be insured under HPS.
MORE than 540,000 Central Provident Fund (CPF) members paying home protection scheme (HPS) premiums annually will enjoy an average reduction of 10 per cent on their premiums from July 1, 2021. Read more at The Business Times.