Insurance
All you need to know about Home Protection Scheme (HPS)
By SG Money Matters  •  October 3, 2021
HPS will give you protection up to age 65 or the end of the loan period, whichever is earlier. In the event of permanent incapacity or death, the CPF Board will pay up the outstanding housing loan if you are covered for the full housing loan so that your family can keep the flat. Otherwise, the Board will only pay up to the amount you are covered for. This article will give you all the information you need about Home Protection Scheme (HPS). Do I have to be insured under HPS? You have to be insured under HPS if you are using your CPF savings to pay your monthly housing loan instalments on your HDB flat....
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By SG Money Matters
Howdy. My name is Ivan. I am a blogger and fee-based financial adviser. I spent the last decade providing financial advisory services to both individuals and business. My speciality is financial planning for early retirement.
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