HPS share planning
How much HPS cover do I need?
Start by aligning each owner's HPS share with their actual share of the monthly mortgage instalment, then check the household total and coverage end date.Compare responsibility and HPS →Individual share and household total are separate checks
CPF Board states that an owner's HPS share should at least match that owner's share of the monthly instalment. The household owners' HPS shares should total at least 100%, while each owner may choose up to 100%.
The calculator's two distinct results
responsibility gap = max(0, mortgage balance × owner responsibility − selected confirmed cover)mortgage remaining after claim scenario = max(0, mortgage balance − selected owner's cover)Do not add every owner's cover into one claim
Cover responds to each insured person's event. The calculator models one owner at a time and does not assume all owners claim simultaneously. Switch between owners to inspect each responsibility and potential remaining mortgage.
When to check the shares again
- The loan amount or repayment period changes
- A partial capital repayment is made
- Ownership or monthly instalment responsibility changes
- HPS or private cover is approved, expires or is adjusted