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The 3 main sorts of traditional life insurance are time period, complete life and endowments. The most fundamental time period coverage is the Dependent Safety Scheme (DPS) by CPF. The premiums are the bottom in Singapore and can be paid by CPF OA. Nonetheless, the limitation is that protection is up to $forty six,000 and age 60. One other decreasing time period coverage by CPF is the Home Protection Scheme (HPS). A compulsory mortgage insurance coverage for those using CPF to purchase their properties.