By MoneyBees
Work out your Home Protection Scheme cover for an HDB flat: the share of cover you must take, the sum assured, when cover ends and how many years you pay premiums, with CPF's own premium example and its calculator for a quote.
Up to 100% per owner.
Your minimum share
57%
you chose 60%
Sum assured today
$180,000
falls as the loan is repaid
Premiums paid for
22 years
cover for 25 years, to age 60
HPS covers $180,000 of the loan today and reduces as you pay it down. It pays the outstanding loan, by your share, to HDB or the bank if you die, become terminally ill or are totally and permanently disabled.
Cover ends at 65 or when the loan is paid, whichever comes first: here after 25 years. You pay the yearly premium for 90% of that, 22 years, from your OA.
CPF does not publish its premium table. For your premium, use CPF's HPS premium calculator; it prices by age, sex, loan, term, HDB or market rate and your share.
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| Item | Rule |
|---|---|
| Who must be covered | HDB flat owners paying the monthly instalment with CPF |
| Paying in cash | Not required, but CPF encourages it |
| Ages | 21 to 65 |
| Household cover | Owners' shares must add up to at least 100% |
| Cover ends | At 65, when the loan is repaid, or when you sell the flat |
| Premium | Yearly from your OA, for 90% of the cover period |
| Not covered | ECs, privatised HUDC flats and other private homes |
Mr and Mrs Tan pay S$1,500 a month. He pays S$1,200, so his share of cover must be at least S$1,200 / S$1,500 = 80%. She pays S$300, so hers is at least 20%.
CPF's premium example: a man aged 36 with a S$200,000 HDB loan over 30 years pays S$209.40 a year under the rates from 1 Jul 2021, for 27 of the 30 years.
On a claim HPS pays HDB or the bank directly, up to the sum assured. Any amount above the outstanding loan goes to your OA. For terminal illness or disability, HPS can pay the instalments for up to two years before the rest is reviewed.
When you sell or fully repay, the unused part of the year's premium goes back to your OA. You can be exempted if a private policy covers death, terminal illness and total permanent disability for the loan to its term or to 65; your insurer applies to CPF for you.
Figures checked 3 Oct 2026.
The Home Protection Scheme is a mortgage-reducing insurance run by CPF Board. It pays off the HDB flat's outstanding housing loan if the insured member dies, becomes terminally ill or is totally and permanently disabled.
Yes, if you use CPF savings to pay your monthly HDB flat instalments. If you pay in cash it is not required, but CPF encourages it. It does not cover ECs, privatised HUDC flats or other private homes.
Your share of cover must at least match the part of the monthly instalment you pay with CPF or cash, and the owners' shares must add up to at least 100%. Each owner can take up to 100%.
It depends on the outstanding loan, the repayment period, HDB or market rate, your age and sex, and your share of cover. CPF's example: a man aged 36 with a S$200,000 HDB loan over 30 years pays S$209.40 a year. CPF's calculator gives your own figure.
For 90% of the cover period. If you are covered for 30 years, you pay premiums for 27 years. The premium is deducted yearly from your OA.
At 65, when the housing loan is fully repaid, or when you sell the flat, whichever comes first. If you repay a bank loan in cash, write to CPF to end the cover.
Yes, if the policy covers death, terminal illness and total permanent disability for the outstanding loan to the end of its term or age 65. Your insurer applies to CPF for the exemption.
CPF pays HDB or the bank directly to settle the loan, by your share of cover, up to the sum assured. Any amount above the outstanding loan goes to your OA.
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).