Where to buy hps

The premiums would be lower for younger persons and females. You can apply for HPS exemption if you already have one or more of the following insurance policies:. These policies must cover your outstanding housing loan up to the full term of the loan or 65 years old, whichever is earlier, in the event of death or permanent incapacity.

Your exemption from HPS may be revoked if any of the insurance policies used for the exemption is discontinued or altered. If you wish to be exempted from HPS again, you will need to reapply for it. The process is lengthened when the private insurance coverage is insufficient and CPF Board will have to inform the customer to top-up the coverage.

This will lead to the customer having to liaise with the insurer to review the insurance coverage and re-submission to the CPF board. W ith effect from 1 October , any request for HPS Exemption using private insurance policy coverage would need to be made through the Insurer. Insurers will assess whether the current insurance coverage is sufficient for HPS exemption. Insurer will then submit the necessary documents to CPF Board on behalf of the customer for the processing of the exemption application.

CPF Board will inform the customer accordingly on the outcome of the application. Following the exemption from HPS, you must continue to maintain your insurance policy coverage to remain exempted. He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help you achieve your own financial freedom.

Contact him to find out more about his services. The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Even if one is able to apply for a mortgage insurance subsequently, it will be more expensive due to age. As such, a private MRTA makes financial sense as it is portable, ensuring that one will have some mortgage insurance when purchasing the next property.

Level-term insurance where the sum assured is fixed for the term of policy and does not decrease with mortgage paid off may also be suitable for homeowners who are thinking of purchasing another property in the future as this locks in the premium and insurability for a certain level of protection which does not decrease over time. While premiums are generally higher than that of a MRTA for the same sum assured, the level protection justifies the premium difference in most cases.

In fact for the same sum assured, there is generally a more affordable option than HPS. I have compiled a guide which compares HPS premiums with private MRTA premiums for the same sum assured for both male and females aged 25 — While HPS is a convenient and cashless way to seek mortgage protection, my take is that it may not be the most suitable for every homeowner as it does not offer the most comprehensive protection and one has to face the risk of being uninsurable for the next property mortgage.

If you are intending to do a property upgrade in the future, or having concerns about CI coverage for mortgage, you should be considering a private MRTA. The guide also highlights options to attach different riders such as Critical Illness rider. Get your guide Here. I hope this guide will be useful in planning to protect your new home, as afterall, there is no place better than home. Article by Lee Meng Choe Email: mengchoe. If you want to know more about Mortgage Insurance or any other enquiries, you may contact me through whatsapp, schedule an appointment with me or fill up the form below and I will get back to you as soon as possible.

We dislike spam as much as you and will never rent or sell your information. By providing your personal data in the above field, you agree to the terms of use. Me: No. Variable 0. Reflector Size. Large 0. Medium 0. Small 0.

Socket Type. Double Ended 0. Double Ended DE 0. Mogul 0. PGZ18 0. Round 0. Not Reversible 0. Reversible 0. Reflector Type. Open 0. Probe Type. Portable 0. Stationary 0. Planting Sites. Single 0. Output Control. Dimmable 0. Non Dimmable 0. Non-Dimmable 0. Multiple 0. Number of Lamps. Eight 0. Four 0. One 0. Six 0. Two 0. Module Capacity. Fabric 0. Plastic 0. Light Type. CMH Grow Light 0. HPS Grow Light 0. LED Grow Light 0. T5 Grow Light 0. Light Source. Fluorescent 0. LED 0. Lamp Drive Frequency.

High Frequecy 0. High Frequency 0. Square Wave 0. Standard 0. HID Type. CMH 0. HPS 0. HID Bulb Type. CMH Bulb 0. HPS Bulb 0. MH Bulb 0. MH Conversion 0. Fitting Type. Coupler 0.

Drain 0. Dripper 0. Elbow 0. Grommet 0. Plug 0.