Get advice
Term Life

Introduction

In today's uncertain world, protecting your loved ones financially is more important than ever. Term life insurance offers an affordable way to provide this crucial safety net. The Great Eastern Dependants' Protection Scheme (DPS) is a unique term life insurance product designed specifically for Singapore Citizens and Permanent Residents. This government-initiated scheme provides essential coverage to help families navigate challenging times. Let's explore how DPS can offer you and your dependents valuable financial protection.

Insurance Calculator

Find the right coverage in minutes

  • Accurate coverage estimates
  • Save time with instant results
  • Personalized recommendations

Coverage and Benefits

The Great Eastern Dependants' Protection Scheme (DPS) offers comprehensive coverage to protect you and your loved ones. From death benefits to provisions for terminal illness and total permanent disability, DPS provides a financial safety net when you need it most. Let's delve into the key features and benefits of this essential insurance product.

Death Benefit

DPS provides a lump sum payment upon the insured's death. The sum assured is $70,000 for members up to age 60, and $55,000 from age 60 to 65.

Terminal Illness Benefit

If diagnosed with a terminal illness expected to result in death within 12 months, the full sum assured is payable. This benefit helps manage medical expenses and provides financial support during difficult times.

Total Permanent Disability Benefit

DPS covers total permanent disability, paying out the full sum assured. This includes permanent inability to work or total loss of physical function in both eyes, both limbs, or one eye and one limb.

Policy Terms and Conditions

Understanding the terms and conditions of your DPS policy is crucial for making informed decisions about your coverage. This section outlines key aspects of the policy, including eligibility, renewability, and premium details.

Entry Ages

DPS coverage is available for Singapore Citizens and Permanent Residents aged 21 to 65. Those aged 16 to 20 can also apply for coverage.

Policy Terms

DPS provides coverage up to age 65. The sum assured is $70,000 up to age 60, then reduces to $55,000 from age 60 to 65.

Renewability

DPS policies are automatically renewed annually until age 65. A notification is sent one month before the renewal date.

Premium Guarantees

Premiums are based on age and increase as you get older. The yearly premium ranges from $18 for those 34 and below to $298 for ages 55-64.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Riders

Based on the provided information, there are no specific riders mentioned for the Great Eastern Dependants' Protection Scheme (DPS). The scheme appears to be a standalone term life insurance product with built-in benefits for death, terminal illness, and total permanent disability.

Claims and Customer Service

Filing a claim with Great Eastern for the Dependants' Protection Scheme is a straightforward process. For death claims, required documents include a claim form, certified death certificate, and proof of the claimant's relationship to the deceased. In cases of terminal illness or total permanent disability, specific medical documentation is necessary. Great Eastern provides customer support through multiple channels. For more information or assistance, customers can visit their website at www.greateasternlife.com/DPS, call their hotline at 6839 4565, or email [email protected].

Conclusion

The Great Eastern Dependants' Protection Scheme (DPS) is an excellent option for Singapore Citizens and Permanent Residents seeking affordable term life insurance coverage. It's particularly well-suited for young working adults starting their careers, parents with dependent children, and those looking for basic financial protection up to age 65. The scheme's automatic enrollment for eligible CPF members makes it a convenient choice for many.
. Plus, don't miss out on our 'Premiums On Us' campaign - you could win your quarterly insurance premiums paid by Whatins! Get matched, gain insights, and potentially save on your insurance costs. Take control of your financial future today.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

1170+

Suggestions Facilitated

11+

Insurance Brands Represented

154+

MAS Licensed Advisors