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We reviewed 8,072 live results for home protection scheme hps and narrowed them down to the 3 options that look most worth comparing first.
The options are Home Protection Scheme (HPS), Dependants' Protection Scheme (DPS) and First Home Super Saver Scheme (FHSSS).
Source: Central Provident Fund (CPF) Board
Description
The Home Protection Scheme is a government-mandated mortgage-reducing insurance policy designed to protect HDB owners and their families. In the event of death, terminal illness, or total permanent disability before age 65, the insurance covers the outstanding housing loan, ensuring the family does not lose their home. This essential housing protection (Wohnungsschutz) is specifically for those using CPF funds for their mortgage.
Best for
HDB flat owners, CPF members, mortgage protection, long-term housing security and Singapore families
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Source: Great Eastern Singapore
Description
A term life insurance scheme designed to provide basic financial protection for CPF members and their families in the event of death, terminal illness, or total permanent disability. It is a key national insurance initiative in Singapore.
Best for
CPF members, basic life protection, entry-level insurance and Singapore residents
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Source: Australian Government
Description
The First Home Super Saver Scheme (FHSSS) allows eligible individuals in Australia to use their superannuation to save for their first home. Through this scheme, individuals can make voluntary contributions into their super fund, which can later be withdrawn to help fund their first home deposit. It offers tax concessions and can boost savings for a first home.
Best for
First home buyers saving deposit, Using superannuation for home, Tax-concession savings, Boosting home deposit savings and Financial planning for first home
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| Compare | #1Home Protection Scheme (HPS) | #2Dependants' Protection Scheme (DPS) | #3First Home Super Saver Scheme (FHSSS) |
|---|---|---|---|
| Source | Central Provident Fund (CPF) Board | Great Eastern Singapore | Australian Government |
| Description | The Home Protection Scheme is a government-mandated mortgage-reducing insurance policy designed to protect HDB owners and their families. In the event of death, terminal illness, or total permanent disability before age 65, the insurance covers the outstanding housing loan, ensuring the family does not lose their home. This essential housing protection (Wohnungsschutz) is specifically for those using CPF funds for their mortgage. | A term life insurance scheme designed to provide basic financial protection for CPF members and their families in the event of death, terminal illness, or total permanent disability. It is a key national insurance initiative in Singapore. | The First Home Super Saver Scheme (FHSSS) allows eligible individuals in Australia to use their superannuation to save for their first home. Through this scheme, individuals can make voluntary contributions into their super fund, which can later be withdrawn to help fund their first home deposit. It offers tax concessions and can boost savings for a first home. |
| Best for | HDB flat owners, CPF members, mortgage protection, long-term housing security and Singapore families | CPF members, basic life protection, entry-level insurance and Singapore residents | First home buyers saving deposit, Using superannuation for home, Tax-concession savings, Boosting home deposit savings and Financial planning for first home |
| Action | Central Provident Fund (CPF) Board | Great Eastern Singapore | Australian Government |
| Rate this product |
"Home Protection Scheme (HPS) from Central Provident Fund (CPF) Board."
TopFind picked this because This is a mandatory and reliable safety net for HDB owners, ensuring housing stability for families against life's uncertainties.
Note: TopFind AI compiles financial product information for general comparison purposes only. It does not constitute financial advice.