Dependants' Protection Scheme

Dependants' Protection Scheme

Affordable term-life insurance that automatically covers all CPF members who are Singapore Citizens or Permanent Residents between the age of 21 and 60.

What it covers

Death, Terminal Illness and Total Permanent Disability

We pay the sum assured, in the event of death, terminal illness or total permanent disability.

(a) Terminal Illness refers to an illness that a registered medical practitioner under the Medical Registration Act certifies is expected to result in death within 12 months.

(b) Total Permanent Disability refers to (i) the inability to take part in any employment permanently or (ii) the total permanent loss of physical function of any of the following:

• Both eyes; or
• Two limbs; or
• One eye and one limb


You can enjoy insurance coverage at affordable premiums. Your DPS premiums can be paid using your CPF Ordinary and/or Special Account. As long as you have sufficient funds in your CPF accounts, no out-of-pocket cash is required.

We automatically renew your policy every year, provided that there are sufficient funds in your CPF account to pay the minimum cover of $5,000. A notification letter will be sent to you one month before your renewal date.

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Before you apply

You must be a CPF member and a Singapore Citizen or Permanent Resident aged between 16 and 59 years old.

Depending on your age at your last birthday, the corresponding premium amount, based on the maximum sum assured of $46,000, will be deducted yearly from your CPF Ordinary Account and/or Special Account. The premiums are regardless of gender.

Age (years) Yearly premium payment
34 and below $36
35-39 $48
40-44 $84
45-49 $144
50-54 $228
55-59 $260

If you have enough savings in your CPF Ordinary and/or Special Account to pay the full premium, you will be automatically covered for the maximum amount of $46,000.

Otherwise, a lower cover will be given depending on the balance in your CPF Ordinary and/or Special Account. The minimum cover provided is $5,000.

The eligibility for a DPS cover is subject to you being in good health. You must declare and fully disclose all information regarding your health, if you are

  1. Insuring with us for the first time, whether by auto-cover or application; or
  2. Topping up your sum assured after 60 days from your DPS policy renewal date; or
  3. Reinstating your cover.

The information on your health includes

  • All your past and current illnesses;
  • Any surgery/treatment/medical test that you had previously undergone or will be undergoing; and
  • Any physical or mental impairment.

Please refer to here for the list of serious illnesses.

Enjoy a wide range of exclusive treats specially curated for you.

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Important Notes



There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important notes


This page is for general information only. You can find the usual terms and conditions of this plan in the policy conditions.

All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.

Income is a member of the Policy Owner’s Protection Scheme (PPF Scheme). This scheme is administered by the Singapore Deposit Insurance Corporation (SDIC). It reduces the financial impact on policy owners in the event a life or general insurer which is a PPF Scheme member fails. For more information on the types of benefits that are covered under the scheme, please visit the GIA/LIA or SDIC web-sites ( or or Alternatively, you can visit our website ( for a list of the insurance products that are covered under the PPF Scheme.

Information is correct as of 21 July 2017

Frequently Asked Questions

How to apply

For enquiries about Dependants’ Protection Scheme, please call our hotline:
6332 1133

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