Last updated on June 6th, 2021
You may have heard of the Dependants’ Protection Scheme (DPS), which is probably one of the first insurance plans that you have!
You will be enrolled into this scheme once you make your first CPF working contribution (between 21 and 60 y/o). However, there is an option for you to opt out from it!
As such, should you consider opting out of this plan?