Dependants’ Protection Scheme (DPS) is an affordable term life insurance that covers insured CPF members in the event of death, terminal illness, or total permanent disability.

DPS provides basic financial protection for your family. You are highly encouraged to apply for/continue your DPS coverage especially if you belong to the 'sandwich generation' with young children and elderly parents to care for. DPS is currently solely administered by Great Eastern Life directly.

DPS coverage is automatically extended to all Singaporeans and Permanent Residents (PRs) between 21 and 65 years old upon their first CPF working contribution. You may check the status of your DPS coverage through your yearly CPF Statement of Account, or online through the CPF website by logging in via your Singpass.

If you are 16 years old and above and have not been offered automatic coverage, you can apply to join DPS with Great Eastern Life directly.

If you are working and have dependants relying on your income, DPS provides affordable basic protection for your family.

However, you may not require DPS if:

• Your dependants have already grown up and/or are financially independent.
• You have built up enough savings which could be passed on to your dependants directly in times of need.
• You have your own private term or life insurance, which provides enough protection for your dependants.

DPS premiums will be automatically deducted from your CPF savings on your annual policy renewal.

Alternatively, you can pay your DPS premiums directly in cash (via GIRO) to the DPS insurer, Great Eastern Life. Visit Great Eastern Life's website for more information.

The Child Development Account (CDA) is part of the baby bonus scheme designed to help you defray child-raising costs, such as educational and healthcare expenses at approved institutions

CDA can be used for your child’s medical and education needs (e.g. paying for childcare center or outpatient fees) at the List of Approved Institutions.

• After signing your child up for the CDA, any unused funds from your CDA can be transferred to the Post Secondary Edusave Account (PSEA), an account that is set up for every Singaporean child when they turn 13.
• Note: The PSEA balance earns an interest of 2.5% per annum.
• When your child reach the age of 30, any remaining funds your child have will be transferred to your CPF Ordinary Account (OA) which gives a higher interest rate of up to 3.5% and also can be used for his or her future needs (e.g. housing, education and healthcare).

1. Check your eligibility here to find out if you can open a CDA for your child.
• If eligible, you can sign up using your Singpass.
• Complete the form in the link above and select the bank of your choice - DBS/POSB, UOB and OCBC.
2. The CDA will be opened by the bank you select in a few days with an initial balance of $3,000.
3. You will receive a notification once this has been done. A NETS card will be issued under your child’s name and sent to your registered address. You can then use it to pay for eligible products and services at CDA approved institutions.
4. You can also apply for your baby’s birth registration and baby bonus (including the CDA) via LifeSG. You can download the app on Android and/or iOS.

The Retirement Sum Topping-Up Scheme (RSTU) helps you grow your retirement savings and that of your loved ones so that they can enjoy higher monthly payouts when they retire.

You can top up to your loved ones’ CPF Special Account (if they are below age 55) or Retirement Account (if they are aged 55 and above). Top-ups can be made in cash, CPF transfers or both.

1. Your top ups to your loved ones’ CPF Special Accounts (for those below age 55) or Retirement Accounts (for those aged 55 and above) earn attractive interest of up to 5% or 6% per annum*.
2. Your loved ones enjoy higher monthly payouts.
3. You can enjoy tax relief* equivalent to the amount of cash top-ups made, up to $8,000 per calendar year when you make cash top-ups for your loved ones (such as parents, grandparents, spouse and siblings.). If you make a cash top-up for yourself, you can enjoy additional tax relief* of up to $8,000 per calendar year too.
4. Under the Matched Retirement Savings Scheme (MRSS), the Government will match every dollar of cash top-ups to eligible* seniors who have yet to reach the Basic Retirement Sum (BRS), up to $600 per year.

*Terms and conditions apply

Your loved ones can log in the CPF website with their Singpass to view how much they can receive.

Read more to learn how you can help your loved ones grow their retirement savings by topping up your CPF accounts.

MediSave is a CPF member’s personal healthcare savings account. Working members save between 8% to 10.5% (depending on age) of their monthly salary in their MediSave Account. This helps members set aside part of their income for healthcare expenses, especially those incurred during retirement years.

• Your parents would have their own MediSave if they have ever made CPF contributions, or someone in the family has made voluntary top-ups for them before.
• Your parents may have also received further MediSave top-ups under the Pioneer Generation or Merdeka Generation Packages.
• Read more about MediSave, its benefits/uses and other important information here.

MediSave can be used to pay for selected outpatient treatments, hospitalisation and day surgery expenses, subject to the respective MediSave withdrawal limits. MediShield Life, ElderShield and CareShield Life premiums are also fully payable from MediSave.

MediSave can be used for yourself or your family members, including your parents, grandparents, spouse, children, or siblings.

• You can earn up to 6% interest per annum on your MA savings.
• You can save up faster for your healthcare needs and also use your MA to pay for your healthcare insurance schemes' premiums
• You can enjoy tax relief* by making a cash top-up to your own or your loved one's MA.

*Terms & conditions apply

You can make a top up via the Top up MediSave Account form using PayNow QR.

You will be prompted to key in your recipient's NRIC/CPF account number if you are making a top-up to your loved ones.