The DPS insurers will consider your eligibility after assessing your medical condition. Think he was speaking to a customer staff. DPS is an optional scheme which covers CPF members who are Singapore Citizens or Permanent Residents for a maximum sum assured of $46,000. Members aged 60 and above but below 65 years, whose DPS covers have ceased or will cease before April 1, 2021, can rejoin DPS by applying directly with Great Eastern … Great Eastern is one of the largest Life Insurance companies in Singapore and Malaysia. Up until now, DPS has been underwritten by two main players: Great Eastern Life and NTUC Income. If there are insufficient funds in both accounts for a minimum cover of $5,000, we will also notify you and no premium will be deducted from your CPF account. The Great Eastern Life Assurance Company Limited. You can refer to your health declaration form or refer to Great Eastern Life … (Prior to 2021, DPS was administered by either Great Eastern or NTUC Income.) Singapore 048659. (c) DPS claim proceeds*; and (d) Properties bought with CPF savings**. The above is for general information only. Currently, DPS is administered by only 2 private insurance providers- NTUC Income and Great Eastern Life. If you are a young adult who just received your first pay cheque, you will also receive a welcome letter on the DPS from either of these insurance providers. From 15 Jun 2020, our Customer Service Centre at SGX Centre 2 will reopen its doors for essential services. The coverage is worldwide and you will be insured up to the end of the policy year during which you turn 60 years old. From 1 April 2021, the age range for automatic inclusion under DPS will increase, and apply to members between age 21 and 65. Great Eastern is one of 7 insurers offering Integrated Shield plans, in this case called GREAT Supreme Health. This letter will come from either one of these two insurers, Great Eastern Life and NTUC Income. The coverage is worldwide and you will be insured up to the end of the policy year during which you turn 60 years old. Unauthorized use of this site is prohibited and may subject you to civil and criminal prosecution. Either GE or OCBC said he can't have his money back. To claim your benefit under the Dependants’ Protection Scheme. The Doctor Statement is to be completed by the doctor who certified the disability. It was designed with the sandwiched generation in mind. Just to give you an illustration of the affordability of DPS, you are … CPF Board has awarded Great Eastern Life a five-year contract to administer the DPS starting from April 1, 2021. For General Insurance claims, visit our General Insurance claims page. Interested in your help you go to ensure that great flexi living with crb, are still available. a. He then threatened to write to New Paper, Straits Times , CASE.. Assets marked (a) and (b) form part of the deceased's estate. The DPS is an opt-out term life insurance policy that provides all eligible CPF members with a sum assured of $46,000. Please call 6788 1122 for advice. You will be required to pay a fee for the application.Â. The coverage period will extend to those between 16 years old and below 65 years old. To claim DPS for death Buying a life insurance policy is a long-term commitment. It also means that for all matters regarding DPS, you should approach your own assigned insurer, and not CPF. Dependants’ Protection Scheme is an affordable term-life insurance scheme that provides a basic coverage of up to $46,000, in the event of death, Terminal Illness1 or Total Permanent Disability2. Living Assurance Policy With Crb Great Eastern Burn by the other insurer offering similar plan from policy crb great eastern offers you suggest the claims paid. The Dependants' Protection Scheme (DPS) ... DPS is administered by two insurers: Great Eastern (GE) Life and NTUC Income. Click here for frequently asked questions on application for Dependants’ Protection Scheme. Singapore 048659 However, please note that you will be required to go through a medical assessment. DPS is a term insurance that covers CPF members for a maximum sum assured of $46,000 up to age 60. Coverage for your policy is automatic and no further action is required from you. With a mission to help customers live healthier, better and longer, Great Eastern has been actively tailoring their coverages and plans to protect its customers in this ever-changing environment. One month before your renewal date, a notification letter will be sent to you. CPF members aged 16 and above who were not extended a DPS cover automatically but wish to be insured can apply for DPS directly with the current DPS insurers, Great Eastern Life or NTUC Income. Carrying on your extra cash value to offer of … The DPS scheme is currently run by either NTUC and Great Eastern Life (GE). 17 positions at the great eastern life assurance company and great eastern including Financial Advisor, Financial Literacy ... View job summary: Team Lead, DPS Tele-Service Centre Singapore. An Integrated Shield plan dispels most of your worries about the cost of medical care. * For DPS claim proceeds, please approach your insurer, Great Eastern Life or NTUC Income for more information. DPS generally covers insured members for a maximum sum assured of $46,000 up to the age of 60. This letter will come from either one of these two insurers, Great Eastern Life and NTUC Income. The premium will be deducted yearly based on your attained age for the maximum sum assured of $46,000, regardless of gender. Which insurance company initially handles your insurance policy is randomly decided for you. a. Living Assurance Policy With Crb Great Eastern Burn by the other insurer offering similar plan from policy crb great eastern offers you suggest the claims paid. You can refer to your health declaration form or refer to Great Eastern Life and NTUC Income for … The DPS insurers will consider your eligibility after assessing your medical condition. Customer Service Centre c. By post: Attn: Life Claim Department. Eligibility for a DPS cover is subject to you being in good health. As a Singapore Citizen or Permanent Resident, you are automatically covered under Dependants’ Protection Scheme (DPS) when you make your first working contribution to CPF, between the age of 21* and 60*. CPF Board has awarded Great Eastern Life a five-year contract to administer the DPS starting from April 1, 2021. Just submit an application to your insurer — either Great Eastern Life or NTUC Income — directly. The precise terms and conditions of this insurance plan are specified in the policy contract. Great Eastern was picked through a tender process, with the insurer offering the most attractive premiums for members, the board noted. Most of us are insured under the Dependants’ Protection Scheme (DPS) which is an opt-out term insurance scheme administered by two insurers Great Eastern and NTUC Income. ElderShield premiums are kept affordable to ensure that all Singaporeans have basic financial protection in the event of a severe disability in old age. The scheme is extended to CPF members who are Singapore citizens or Permanent Residents, between age 16 and 60, when they make their first CPF contribution. This letter will come from either one of these two insurers, Great Eastern Life and NTUC Income. Team Lead, DPS Tele-Service Centre. It also means that for all matters regarding DPS, you should approach your own assigned insurer, and not CPF. Make a claim. 1 Pickering Street. 1 Pickering Street, #01-01, Be covered for up to a maximum sum assured of $46,000. 2nd payment due, he wanted out. Your DPS proceeds can also be covered under a will or you can nominate your beneficiaries through your DPS insurer, Great Eastern Life or NTUC Income. The policyholder loses all rights and control over the policy. DPS is a term insurance that covers CPF members for a maximum sum assured of $46,000 up to age 60. Great Eastern was picked through a tender process, with the insurer offering the most attractive premiums for members, the board noted. Whether it’s everyday concerns like motor insurance, home protection, personal accidents, health, travel or business insurance, Great Eastern General has you covered! 1 Pickering Street. A penalty may be imposed for early plan termination and the new plan may cost more, or have fewer benefits at the same cost. Great Eastern General Insurance Limited (“Company”) does not admit liability by the mere issuance of this or any other forms. Great Eastern denies claim of $659.76m contribution to Malaysian insurance fund. Great Eastern Centre, An Integrated Shield plan dispels most of your worries about the cost of medical care. The scheme is extended to CPF members who are Singapore citizens or Permanent Residents, between age 16 and 60, when they make their first CPF contribution. Customer Service Centre c. By post: Attention to: Life Claim Department. How to claim from the Dependants’ Protection Scheme (DPS)? For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg). It is the first of its kind – a multi-generational critical illness term plan for policyholders which not only provides coverage for themselves (i.e. Your premiums can be paid using your CPF Ordinary and/or Special Account. When it was first introduced, it was run as a national scheme by the CPF board which was the one that came up with the benefit clause of permanent incapacity. You can either call, mail to the claims address listed below, or send an email with all the required documents if you need to file a life insurance claim with Great Eastern. DPS is administered by two insurers: Great Eastern (GE) ... DPS insurer GE could have rejected the DPS claim by Mrs Li on the grounds that the policy had lapsed before her husband died. Great Eastern General Insurance protects your lifestyle and the things you value, both personal and business. A change of insurers from NTUC Income and Great Eastern Life to Great Eastern Life as the sole DPS insurer An increase in the sum assured from $46,000 to $70,000 for those below the age of 60 and $50,000 for those aged 60 and above An extension of coverage to cover those who are aged 60 to 65, who are not currently covered. Great Eastern Centre #01-01. Central Provident Fund (CPF) members are automatically included under DPS if they are a Singapore Citizen or Permanent Resident, between ages 21 and 60, and have made their first CPF working contribution. Declaration of Health Condition Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. If you would like to apply for a DPS cover, kindly download the Proposal Form and mail it to us at: 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659. Premiums can be … Your DPS proceeds can also be covered under a will or you can nominate your beneficiaries through your DPS insurer, Great Eastern Life or NTUC Income. 1. https://uip.greateasternlife.com/uipcfo/rest/personalised, Copyright© 2021 Great Eastern Holdings Limited (Reg No 1999 03008M), Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd, Dependent Protection and Liability Calculator, Serving clients and the community with heart, You must be a Singapore Citizen or Permanent ResidentÂ, You must be between 16* and 60* years old.  If you are 21* years old & above when you made your first CPF contribution, you will be automatically covered.  Otherwise, you can apply directly with us.Â, Any surgery/treatment/medical test that you had previously undergone or will be undergoing; and. Great Eastern Holdings ... CPF picks Great Eastern for enhanced DPS. From 1 April 2021, those up to age 65 would be eligible.

DPS coverage is automatically extended to Singapore Citizens or Permanent Residents upon their first CPF working contribution between age 21 and 60 years old (age 65 from 1 April 2021).

Members aged 16 and above who were not extended a DPS cover automatically but wish to be insured can apply to join DPS directly with the current DPS insurers, Great Eastern … According to the CPF website, you will be automatically included as long as you meet the following criteria. At this instant, you may contact the respective insurer for claim related matters. 3. The Dependants’ Protection Scheme (DPS) only pays out a maximum sum assured of $46,000 if Death, Terminal Illness or Total and Permanent Disability happens, and its cover is only till 60 years old. For existing members of NTUC Income, no action would be required in the transition. Make a claim on early to terminal major illnesses and find out how to apply for Doctor's Statement. Alternatively, you may visit our Customer Service Centre at the above address to submit the completed proposal form. You will receive an invitation package from one of these insurers three months before your 40th birthday. All three insurers offer the same premiums and payouts under ElderShield. The premiums are based on the age at which you join the scheme, and payable until the policy anniversary after your 65th birthday. When it was first introduced, it was run as a national scheme by the CPF board which was the one that came up with the benefit clause of permanent incapacity. The welcome package will guide you on how you can complete your DPS application. As soon as you have enough money in your CPF for the most basic coverage, you will be automatically covered by this insurance policy, but you will be sent a health declaration form so you can declare any serious health issues. The Great Eastern Life Assurance Company Limited. Coverage and premiums for both insurers are exactly the same so it doesn’t matter who you get. From 1 April 2021, Great Eastern Life will be the main administrator for DPS. He talked about the agreement being 10 year plan. Today, One guy was on his phone complaining to Great Eastern/OCBC. One insurance policy that many Singaporeans and PRs may overlook is the Dependants’ Protection Scheme (DPS). Your Great Eastern Financial Representative b. You’ll need to prepare a couple of things before submitting a DPS claim. View our FAQs for Total and Permanent Disability Claims. Dependants’ Protection Scheme (DPS): 5 Common Questions That You May Have About This Opt-Out CPF Term Insurance Scheme Aside from the Home Protection Scheme (HPS), the Dependant’ Protection Scheme (DPS) is the only other life insurance plan in Singapore that allows you to use your CPF monies to pay for your insurance premiums. He cannot give instruction on the policy or receive any payouts from any surrender, maturity, loan, or claim event. Who administers the Dependants’ Protection Scheme? https://uip.greateasternlife.com/uipcfo/rest/personalised, Copyright© 2021 Great Eastern Holdings Limited (Reg No 1999 03008M), Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd, Dependent Protection and Liability Calculator, Serving clients and the community with heart, FAQs for Total and Permanent Disability Claims, Medically boarded out letter (if applicable), Police report and newspaper clipping (if the Total and Permanent Disability or Permanent Incapacity was due to accidental or unnatural causes), Termination letter from your last employer or CPF Statement showing your last employment contribution (if applicable and for DPS policy only), Doctor's Statement fee receipt (for DPS policy only), Contact your Great Eastern Financial Representative. There is no changes to the scope of coverage, i.e. Great Eastern is one of 7 insurers offering Integrated Shield plans, in this case called GREAT Supreme Health. If you would like to apply for a DPS cover, kindly download the Proposal Form and mail it to us at: Great Eastern Centre #01-01. Your Great Eastern Financial Representative b. The DPS scheme is currently run by either NTUC and Great Eastern Life (GE). Moreover, you may find out more about the various claim situations in my previous post. Great Eastern Life will become the sole administer for Dependants’ Protection Scheme. And he cannot change his nomination without consent from trustee or nominees. Which Insurer Is Covering Me For the Dependants’ Protection Scheme (DPS)? the policyholder), but also some critical illness coverage for their children and parents. a. Visits are strictly by appointment only. Total and Permanent Disability Claim For individuals who are unable to work permanently. Advisory Security | Terms and Conditions | MY-Advisory Security | MY-Terms and Conditions | Need Help? Great Eastern Life (from April 2021 onwards). This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Interested in your help you go to ensure that great flexi living with crb, are still available. This may take approximately 6-8 weeks. Make a claim. When you are auto-enrolled under the Dependant’ Protection Scheme (DPS), you will be assigned an insurer either under Great Eastern Life or NTUC Income. For private hospital, pass the doctor's statement to your attending doctor to complete during your visit. - An important message from IT Security, Great Eastern Life.  a. Great Eastern; Once you’re automatically enrolled, you would receive a welcome package in the mail from your assigned insurer. For restructured hospital (public hospital), apply through the hospital's Medical Report Office (MRO). Part 6: Claim. Since Great Eastern Life becomes the sole administer from April 2021, hence you may contact them for claim matters then. If you prefer the other insurer, you can still change by applying directly to your preferred one. Currently, DPS is administered by two insurers, Great Eastern Life and NTUC Income. You can only claim under Terminal Illness1 or Total Permanent Loss2ii if your terminal illness or total permanent loss of physical function started on or after 01 May 2016, Premium can be paid using your funds CPF funds. Aviva, Great Eastern or Income) to apply. (ii) For Dependants' Protection Scheme (DPS) claim only, or both GEL and DPS claims: Depending on the type of hospital, the process will be different and applicable after you have been diagnosed. i. the inability to take part in any employment permanently; or  Â. ii. the total permanent loss of physical function of both eyes, both limbs, or one eye and one limb. Your Great Eastern Financial Representative b. It’s administered by Great Eastern and NTUC, so if there’s a claim, you’ll need to approach the company that you’re allocated to. Currently, DPS is administered by two insurers, Great Eastern Life and NTUC Income. Great Eastern General Insurance protects your lifestyle and the things you value, both personal and business. Request repayment. It aims to provide Central Provident Fund (CPF) … With more than a century worth of experience, Great Eastern has been a trusted name in the Insurance industry. Singapore 048659 You should make sure you have all the appropriate paperwork including but not limited to a Certified True Copy of Death Certificate for death claims, police reports, wills, passports and any other documentation required. It is an optional insurance scheme that is automatically extended to all eligible CPF members (Singaporeans and Singapore Permanent Residents) Therefore, to be excluded from the DPS, CPF members have to complete an opt-out form. Great Eastern Life Assurance; NTUC Income Insurance. The Great Family Care is the newest critical illness plan to be introduced by Great Eastern. Currently, DPS is administered by only 2 private insurance providers- NTUC Income and Great Eastern Life. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. Get a quote. Here’s what you get with DPS. Currently, DPS is administered by two insurers, Great Eastern Life and NTUC Income. It is still in talks with Malaysian authorities for options on meeting foreign ownership rules. 1 Pickering Street. The welcome package will guide you on how you can complete your DPS application. As long as you have sufficient funds, no out-of-pocket cash is required. If DPS satisfied with single claim, payment is made to landlord within 10 days. Note: Making a trust nomination is a serious undertaking. It is usually detrimental to replace an existing accident and health plan with a new one. If you are under 65 years old and are not covered, you can still … The Great Eastern Life Assurance Company Limited.

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