Central Provident Fund (Dependants’ Protection Insurance Scheme) Regulations

Cessation of insurance cover

12.—(1) An insured person shall cease to be insured under the Scheme if —

(a)	he has received payment of the insured sum on account of his incapacity;
(b)	he opts out of the Scheme; or
(c)	subject to regulation 9(2) and (2A), the premium mentioned in regulation 4(1) has not been paid on or before the date for renewal of the insurance cover. [S 43/2025 wef 19/01/2025]

(2) Where an insured person ceases to be insured under the Scheme by virtue of paragraph (1)(b) or (c), he may subsequently apply to the appointed insurer to be insured under the Scheme and the appointed insurer may grant the application subject to any terms and conditions that the appointed insurer may impose.

[S 232/2021 wef 01/04/2021]

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