Personal Finance
3 Common Questions for CPF HPS
By Investment Stab  •  May 31, 2015
As promised in our previous blog post, here are the answers to 3 common questions that people have on the CPF Home Protection Scheme (HPS).

1. Can I be exempted from paying the HPS?

If you have an insurance policy that is enough to cover your outstanding housing loan up to the full term of loan or age 65, you can apply for Exemption from Home Protection Scheme. You may apply to be exempted online via my cpf Online Services. You will get a full premium refund into your CPF Ordinary Account (OA) if the exemption application is received (by the Board) within one month from the issuance of the HPS cover. Otherwise, a pro-rated refund will be given to your CPF OA upon the termination of your HPS cover. Alternatively, you can print Form HPS/2 and submit the completed form to the Board for processing.


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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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