It is compulsory for flat owners with an HDB mortgage loan to buy basic HDB Fire Insurance. Please note that it only covers the internal building structures, fixtures and fittings provided by HDB and/or its approved developer, but excludes household contents.
|Flat Type||Premium for 5-year Term|
(Inclusive 7% GST)
|Building Sum Insured|
|Studio Apartment Type A||$3.00||75,600|
|Studio Apartment Type B||$3.00||98,200|
|Coverage summary of HDB Fire Insurance|
|1. Building structures, fixtures & fittings provided by HDB and/or its approved |
|2. Renovation and home contents including personal effects, physical loss or |
damage due to theft accompanied by violent or forcible entry into your home.
|3. Worldwide personal liability||X|
|4. (New Benefit) 24-hour Emergency Home Assistance service|
(For plumbing, electrical, locksmith and pest control)
|5. Alternative accommodation||
|6. Family accidental death protection||X|
This product is covered under PPF Scheme.
This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high cost and the surrender value (if any) may be less than the total premium paid.
Information is correct as at 7 June 2019.