- Coverage amount: DPS provides coverage for insured members up to 65 years old.
Thinking about how to protect your loved ones financially can be overwhelming, but it doesn’t have to be. The Dependants’ Protection Scheme (DPS) is an accessible and affordable safety net for CPF members in Singapore.
DPS provides basic term-life insurance coverage to ensure financial support for loved ones in case of death, terminal illness, or total permanent disability. However, like all insurance products, DPS has its pros and cons. In this article, we will examine whether DPS is worth your investment.
What is the Dependants’ Protection Scheme (DPS)?
The Dependants’ Protection Scheme (DPS) is a term-life insurance plan that provides basic financial protection for CPF members and their families in the event of death, terminal illness, or total permanent disability (TPD).
It provides a financial safety net to help your loved ones maintain some level of financial stability during challenging times.
What you should know
