$298 ($55,000 sum assured)
Your yearly DPS premium will increase as you age. That means you will start paying $18 a year up to age 35, with premiums then rising every 5 years up to $298 a year from age 55.
Note that DPS premiums remain the same regardless of gender and how long you’ve been on the Scheme.
What if I can’t afford my DPS premiums?
Dependants’ Protection Scheme premiums can be fully paid from your CPF savings. So if you have sufficient funds in your CPF, you don’t need to worry as your policy will be automatically renewed every year.
If you have enough savings in your CPF to pay the full premium, you will be automatically covered for the maximum amount of $70,000. The premium will first be deducted from your Ordinary Account. If you do not have sufficient savings in your OA, the premiums will be deducted from your Special Account.