MPs offer ideas to improve CPF

[chialc]

I have never use DPS before. I understand it is compulsory as long as you have mortgage on your HDB. Right? Or not compulsory?

Sorry what's HPS? i have not come across.
My point is why my son need to DPS when my HDB is fully paid?

T,
1. DPS is term-insurance for personal life. It's not linked with HDB mortgage. Check out another scheme called HPS which is linked with HDB mortgage as pointed out by VB "thefarside".

2. DPS is opt-out aka it's not compulsory. Anyone can opt-out anytime.
click here for opt-out form

3. No linkage of HDB to your son DPS, so I'm a bit confuse why he need DPS too. Anyway, I brought DPS because it just a cheap term insurance.

Hope its clearer now.

Love Compassion