HDB provides standard Home Protection Scheme (HPS) for all home owners. The biggest advantage of having HPS as your mortgage insurance is that it is payable via your Central Provident Fund (CPF)’s Ordinary Account.
You have an option to purchase from private insurers and the good thing is that it could be cheaper and it coverage allows critical illness insurance and early stage critical illness waiver riders. In the event of critical illnesses, future premiums will be waived.
If you decide to purchase from private insurers, you could do HPS exemptions so that you don’t double pay for your mortgage protection.
There are some differences between HPS vs private mortgage insurance.
Contact us to find out more!
We are a group of competent financial consultants who specialists in financial planning in Singapore. We provide various insurance instruments like whole life insurance, health insurance and endowment plans.
Want To Know More About HDB's Mortgage Insurance?
If you would like to know more about HDB’s mortgage insurance, you may contact us at (+65) 9380 2839 or you can click on the button below to enquire about the different financial services that we provide.
Get Free Quotation
Products & Services
- Life Insurance
- Term Insurance
- Health Insurance
- Keyman Insurance
- Mortgage Insurance
- Whole Life Insurance
- Endowment Insurance
- Critical Illness Insurance
- Hospitalisation Insurance
- Early Stage Critical Illness Insurance
We are a licensed and certified Financialogist in Singapore that provides a comprehensive financial planning solutions to meet all your financial and insurance protection needs.
Address: 47 Scotts Road, Goldbell Towers, Singapore 228233
Contact Number: +65 9380 2839
When looking for mortgage insurance and its confusing when your consultant mentioned level term insurance and decreasing term life insurance. In this article, we will expound on the differences, compare them and finally, show you the pros and cons. Let's...read more
Searching for a direct contact of a Prudential's insurance agent? You can contact this number: +65 9380 2839 and look for Gavriel. He will be able to assist you in all your queries. If you are searching for life insurance, hospitalisation insurance,...read more