By MoneyBees
Find the HDB fire insurance premium and sum insured for your flat type, whether you must buy it, and what it costs over the rest of your HDB loan. Premiums are HDB's published rates for policies starting 16 Aug 2024 to 15 Aug 2029.
5-year premium
$4.59
incl. 9% GST
Sum insured
$117,000
structure and HDB fittings
Must you buy it?
Yes
renew every 5 years
For a 4-room / S1 flat, the policy costs $4.59 for 5 years, about $0.92 a year, and pays up to $117,000 to reinstate the flat's structure and the fixtures HDB built.
With 20 years left on your HDB loan you need 4 more policies, about $18.36 at today's premium. Premiums for policies after 15 Aug 2029 may change.
It does not cover your renovation, furniture or belongings. Home insurance, which is optional, covers those.
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| Flat type | 5-year premium incl. GST | Sum insured |
|---|---|---|
| 1-room / Community Care Apartment | $1.11 | $37,900 |
| 2-room / 2-room Flexi / Studio Apartment | $1.99 | $57,000 |
| 3-room | $3.27 | $83,300 |
| 4-room / S1 | $4.59 | $117,000 |
| 5-room / S2 / 3-Generation | $5.43 | $144,800 |
| Executive / Multi-Generation | $6.68 | $176,700 |
HDB's appointed insurer for this period is Etiqa Insurance Pte. Ltd.. Buy or renew at an AXS kiosk, on the AXS app, or at the insurer's service centre by appointment. Check your cover on HDB's Check Flat Details e-Service.
| HDB fire insurance | Home insurance | |
|---|---|---|
| Covers | Structure, fixtures and fittings HDB provided | Varies: belongings, renovation, temporary stay, liability to neighbours |
| Does not cover | Furniture, renovation, belongings | Depends on the policy |
| Mandatory? | Yes, with an HDB loan from 1 Sep 1994 | No |
| Where to buy | HDB's appointed insurer only | Any general insurer |
You own a 4-room flat with an HDB loan that started in 2020 and has 20 years left. Each 5-year policy costs S$4.59 including GST and insures S$117,000. You need 4 more policies, about S$18.36 at today's premium.
For policies starting 16 Aug 2024 to 15 Aug 2029, the 5-year premium including 9% GST ranges from S$1.11 for a 1-room flat to S$6.68 for an Executive or Multi-Generation flat. A 4-room flat pays S$4.59.
Yes if your HDB loan started on or after 1 Sep 1994. You must buy it and renew it every 5 years for as long as the HDB loan is outstanding.
HDB's appointed insurer for policies starting 16 Aug 2024 to 15 Aug 2029 is Etiqa Insurance Pte. Ltd. Before that, from 16 Aug 2019 to 15 Aug 2024, it was FWD.
The cost of reinstating damaged internal structures, fixtures and areas built and provided by HDB. A 4-room policy insures up to S$117,000.
No. HDB says it does not cover home contents such as furniture, renovations and personal belongings. HDB encourages owners to buy separate home insurance for those.
At any AXS kiosk or on the AXS mobile app, or at Etiqa's customer service centre by appointment. You can check that your policy is valid on HDB's Check Flat Details e-Service.
HDB makes it mandatory for owners with an HDB housing loan. If you have a bank loan, check your loan documents for the bank's fire insurance requirement.
Fire insurance covers the flat's structure and HDB's fittings. Home insurance is optional and, depending on the policy, can cover belongings, renovation, temporary accommodation and damage to neighbours' property.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).