Are you looking for mortgage insurance for your Housing Development Board (HDB) apartment to cover for your housing loan?

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.

Additionally, you have an option to purchase term insurance to cover for your mortgage loans.

There are some differences between HPS vs private mortgage insurance.

Contact us to find out more!

About Financialogy

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.

Additionally, we also provide other value-added services like estate planning, will writing, legacy planning and retirement planning in Singapore.

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.

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About Us

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.

Contact Information

Address: 47 Scotts Road, Goldbell Towers, Singapore 228233

Contact Number: +65 9380 2839 

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