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Old 15-01-2020, 06:34 AM   #1
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Home Protection scheme rebate

opted out of HPS around 2016 after telling hdb that i have private term insurance to cover. im surprised im still given hps rebate this year for ~nov2015 to ~dec2019 HPS performance.


my mortgage loan is around 400k.


Dear SXXXX, you received a Home Protection Scheme premium rebate of $2xx.xx in your CPF Ordinary Account on 12/1/20. Visit cpf.gov.sg/hpr20 for details.

u guys got alot?

Last edited by chopra; 15-01-2020 at 06:37 AM..
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Old 15-01-2020, 06:55 AM   #2
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opted out of HPS around 2016 after telling hdb that i have private term insurance to cover. im surprised im still given hps rebate this year for ~nov2015 to ~dec2019 HPS performance.


my mortgage loan is around 400k.


Dear SXXXX, you received a Home Protection Scheme premium rebate of $2xx.xx in your CPF Ordinary Account on 12/1/20. Visit cpf.gov.sg/hpr20 for details.

u guys got alot?
I got back $4xx for a $200+k mortgage loan. I think I paid a total of $800+ for HPS so the rebate is about 50%.
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Old 15-01-2020, 07:02 AM   #3
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loan of just under 150k, got back 200+
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Old 15-01-2020, 08:20 AM   #4
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I got $525 for the rebates, I was actually wondering what was it about.. 🤭
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Old 15-01-2020, 08:25 AM   #5
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For those receiving these rebates who haven’t reached the Full Retirement Sum yet, wouldn’t it generally make a great deal of sense to transfer at least this sum from your Ordinary Account into your Special Account? It’s a windfall you didn’t necessarily expect and certainly couldn’t depend on, so why not make it work harder for yourself in your SA?
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Old 15-01-2020, 08:31 AM   #6
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50k loan. Get back 300+
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Old 15-01-2020, 08:54 AM   #7
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I received 6xx and wife 4xx.
I wonder why the difference as every payment has been 50-50.

Anyway, it's unexpected and we're quite happy about it.
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Old 15-01-2020, 08:55 AM   #8
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I received 6xx and wife 4xx.
I wonder why the difference as every payment has been 50-50.

Anyway, it's unexpected and we're quite happy about it.
altho ur installment 50-50, hps insurance (ie reducing term insurance) for female n male is different
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Old 15-01-2020, 08:56 AM   #9
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I got $590.99 via sms
i tot is a scam sms. lol

Sent from LGE LG-H990 using GAGT
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Old 15-01-2020, 09:04 AM   #10
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I got $990 for a $500K loan... anyone knows how is this calculated?
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Old 15-01-2020, 09:09 AM   #11
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total HPS paid = $653.12
rebate receive = $56.81
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Old 15-01-2020, 09:35 AM   #12
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got $4xxx.xx rebate, totally unexpected. some more my home loan has already cleared.

total HPS paid = $653.12
rebate receive = $56.81
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Old 15-01-2020, 09:52 AM   #13
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No more home loan to service, gotten $26 bucks HPS rebate.
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Old 15-01-2020, 09:57 AM   #14
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more than $1k rebate for a 400k+ loan.

pleasant surprise on the amount.
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Old 15-01-2020, 10:08 AM   #15
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got $4xxx.xx rebate, totally unexpected. some more my home loan has already cleared.
same here. loan cleared >1yr ago

quite good to receive 8.7% rebate
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