Besides DPS, CareShield, HPS, and Shield plan, are there other types of insurance that we can buy with our CPF fund?

Hi Hen dro,

Here's what insurance you can buy with CPF Monies

CPF OA: DPS, HPS (in full)

CPF SA: May be used to pay for DPS as well (in full)

CPF MA: Medishield Life (in full), Eldershield/Careshield Life (in full), Integrated Shield Plan (limits apply depending on your age band, $300/$600/$900/yr depending on your age) and Eldershield supplements/Careshield Life supplements ($600 per person per calendar year)

You may also buy single premium ILPs with CPF OA/SA but those are not structured to provide protection elements.

Hi Hen Dro,

You have mentioned all the types of insurances you can purchase with your CPF fund.

Alternatively, you can consider setting up a CPF Investment Scheme (CPFIS). The CPF Investment Scheme (CPFIS) provides members with the option to invest their CPF savings in various instruments such as insurance products, unit trusts, fixed deposits, bonds and shares. With effect from 1 October 2020, sales charge under CPFIS will be removed.​​​