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发表于 8-10-2015 01:26:17|来自：新加坡
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怎么这么费劲呢？
Requirements for HPS Cover
| Q | What is Home Protection Scheme (HPS)? |
| A | The Home Protection Scheme (HPS) is a mortgage reducing insurance which insures CPF members and their families against losing their homes should members become physically / mentally incapacitated or pass away before their housing loans are paid up. |
| Q | I am using my CPF savings to pay my monthly housing instalments. Do I need to be insured under HPS? |
| A | Yes, you have to be insured under HPS if you are using your CPF savings to pay your monthly housing instalments on your HDB flat. However, HPS cover is subject to your health condition. HPS insures you up to 65 years of age or until your housing loan is paid up, whichever is earlier. |
| Q | I am paying my monthly housing instalments for my HDB flat in cash. Can I be insured under the HPS? |
| A | Yes, you can apply to be insured if you are a CPF member and an owner of the flat. |
| Q | Can an executive condominium (EC) owner apply for Home Protection Scheme (HPS)? |
| A | No, HPS does not cover ECs because ECs are not considered as public housing.
Members who have outstanding housing loans on their ECs are encouraged to buy mortgage insurance or equivalent insurance with private insurers.
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| Q | Is Home Protection Scheme (HPS) applicable to HUDC flat owners? |
| A | Yes, HPS is applicable to members who purchased their non-privatised HUDC flats before 16 November 1998. Members who use CPF savings to pay the monthly housing loan instalments for their HUDC flats before privatisation must be insured under HPS or apply for exemption from HPS. Members who are not using CPF to pay their monthly housing loan instalments may choose not to be insured.
Upon privatisation, HUDC flats will be categorised as private residential properties and the owners will no longer be eligible for HPS cover. The HPS covers of these members would thus be terminated. However, special concession has been made to allow these owners to continue their HPS coverage as long as they do not refinance their housing loans or there are no changes in ownership of the HUDC flats.
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| Q | Can I apply for Home Protection Scheme (HPS) exemption if I wish to use my CPF savings to pay the monthly housing instalments? |
| A | No. You have to apply for HPS first if you are planning to use your CPF savings for your monthly housing loan instalments. You can then apply for HPS exemption after you have obtained legal ownership of the flat. HPS exemption is subject to the Board's approval. You may apply to be exempted online via my cpf Online Services.
Alternatively, you can print Form HPS/2 and submit the completed exemption application form to the Board:
Home Protection Scheme Department
CPF Building
79 Robinson Road
Singapore 068897
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| Q | What types of insurance policies can be used for Home Protection Scheme (HPS) exemption? |
| A | The types of insurance policies, both traditional and investment-linked, that are acceptable in support of an exemption are:
a) Whole Life
b) Term Life
c) Endowments
d) Life Riders (must be attached to a basic policy)
e) Mortgage Reducing Term Assurance (MRTA) / Decreasing Term Rider
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| Q | Can I get a full premium refund when my Home Protection Scheme (HPS) exemption is approved? |
| A | For a member who is insured under HPS and is subsequently exempted from HPS, he/she will get a full premium refund if the application was received and approved by the Board within one month from the issuance of the HPS cover. Otherwise, a pro-rated refund will be given upon the termination of the HPS cover. |
| Q | May I apply for exemption from the Home Protection Scheme (HPS) for my new flat with the private insurance policy that was previously used for my old flat? |
| A | Yes, you may if the following conditions have been met:
(a) the remaining policy sum assured and years of coverage of the private insurance policy is sufficient to cover your current outstanding housing loan, and
(b) the policy covers total permanent disability (TPD) and death,
up to the full term of loan or age 65, whichever is earlier.
You can apply for exemption from HPS via our CPF website at www.cpf.gov.sg via my cpf Online Services.
Alternatively, you can print Form HPS/2 and submit the completed exemption application form to the Board:
Home Protection Scheme Department
CPF Building
79 Robinson Road
Singapore
068897
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| Q | What happens to my Home Protection Scheme (HPS) exemption if I have refinanced my outstanding loan? |
| A | If you have refinanced your housing loan, you will need to re-apply for HPS exemption. This ensures that your existing insurance is still sufficient to cover your refinanced loan. Even if there are no changes to your housing loan amount, your existing insurance may not cover you adequately as a result of higher mortgage interest rates. Therefore, the Board will need to re-assess the adequacy of your insurance policies again. |
| Q | What happens to my Home Protection Scheme (HPS) exemption if the insurance polic(ies) used for the exemption is discontinued or altered? |
| A | Your exemption from HPS may be revoked if any of the insurance policies used for the exemption is discontinued or altered. Subsequently, the Board would extend a HPS cover to you based on the declared percentage that you were exempted for, subject to the Board’s terms and conditions. If you wish to be exempted from HPS again, you will need to reapply for it. |
| Q | Can I apply for partial Home Protection Scheme (HPS) exemption? |
| A | No, you have to be either covered under HPS or be exempted from HPS. You cannot be exempted from and be insured under HPS at the same time.
However, you can apply for exemption according to your share of servicing the housing loan with CPF savings and/or cash. For example, if your share of cover is 40%, you may apply for 40% exemption from HPS. Your co-owner must either be covered under HPS or exempted from HPS for at least 60% of the outstanding housing loan.
The total share of insurance coverage declared by joint-owners should at least add up to 100% of your housing loan. You are encouraged to be insured based on your share of financial responsibility to service your housing loan. This is to ensure that you have sufficient insurance policy sum assured to settle your outstanding housing loan in the event of a claim.
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