facebookI am currently a student and I have some CPF savings, however, my CPF contributions are irregular depending on jobs. Should I cancel my DPS and only take it up when I've started working again? - Seedly

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Dominique Lee

Dominique Lee

Level 4·BSc in Finance at Singapore University of Social Sciences

18 Apr 2019

SeedlyAMA

I am currently a student and I have some CPF savings, however, my CPF contributions are irregular depending on jobs. Should I cancel my DPS and only take it up when I've started working again?

AMA SG Young Investment

Discussion (4)

What are your thoughts?

Mimi J

Mimi J

26 Nov 2018

Level 5·Senior Guest Experience Leader at Mcdonald’s Private Limited // HAN BAO BAO PTE LTD

Never ever cancel or terminate your dpS! It is good to have and it is auto once u start working and have a cpf deduction.

No cash is being use when u are working part time. It doesn’t cost much too!

Jiaoyou!

Jason Sing

Jason Sing

26 Nov 2018

Level 10·School Of Hard Knocks And Life at School Of Hard Knocks And Life

Never cancel your DPS, especially if you don't have any other term or whole life insurance.
The Dependants’ Protection Scheme (DPS) is a term insurance that provides insured members and their families with some money to get through the first few years should the insured members pass away, suffer from Terminal Illness or Total Permanent Disability.
https://www.cpf.gov.sg/Members/Schemes/schemes/...

SG Young Investment

SG Young Investment

11 Sep 2018

Level 6·Financial Blogger at SG Young Investment

If i'm not wrong, DPS premiums are very low. Don't think you need to cancel if you still have some c...

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