How does the Home Protection Scheme (HPS) work in Singapore?

What HPS addresses

CPF Board explains that, subject to scheme terms, HPS can pay the outstanding housing loan directly to HDB or the mortgagee, up to the insured sum, if an insured member dies, becomes terminally ill or is totally and permanently disabled.

Where it applies — and where it does not

• CPF members who own an HDB flat and pay monthly instalments with CPF savings or cash are within the main scope.
• HPS is generally required when CPF savings are used for monthly instalments, unless an exemption is approved.
• HPS does not cover private properties, executive condominiums or privatised HUDC flats.

What to verify before calculating

• Current HPS status and insured share
• Sum assured and term on the HPS certificate
• Outstanding mortgage and each owner's instalment responsibility
• Whether private cover remains active and when it ends