Central Provident Fund Act 1953 · 2020 Revised Edition · Part 4 · Home Protection Insurance Scheme
28. Interpretation of this Part
Feedback & supportLast amended by an amending law of 2024. 2 amendments in all.
In this Part —[Deleted by Act 39 of 2021 wef 01/03/2022]
Except where expressly provided in this Part, the provisions of this Part apply (so far as relevant), with such exceptions, modifications and adaptations as the Minister may by order in the Gazette prescribe, in relation to any housing accommodation sold or to be sold by an approved developer under Part 4B of the Housing and Development Act 1959.
approved developer
“approved developer” means an approved developer under Part 4B of the Housing and Development Act 1959;
An order made under subsection (2) must be presented to Parliament as soon as possible after publication in the Gazette.
“approved mortgagee” means a mortgagee approved by the Minister by notification in the Gazette;
“assessed risk” means the risk that a person’s health condition may result in death or incapacity, as assessed by the Board;
Board
“Board” means the Central Provident Fund Board constituted under section 3;
“Home Protection Fund” means the Home Protection Fund established and maintained by the Board under section 33(1);
“incapacitated” means suffering from —
a total permanent disability; or
a terminal illness which arises on or after 1 May 2016,and “incapacity” is to be construed accordingly;
“insured sum” means the sum prescribed in regulations made under this Part which is payable on the death or incapacity of a Scheme member;
Scheme
“Scheme” means the Lifelong Income Scheme established and maintained by the Board under section 27K.
“member of the Scheme” or “Scheme member” means a person who is insured under the Scheme;
member
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;
“premium” means the premium payable by a member of the Scheme;
“premium loading” means any additional amount payable as a premium imposed in accordance with section 32A, over and above the premium payable by a member of the Scheme under section 32(1);
“Scheme” means the Home Protection Insurance Scheme established and maintained by the Board under section 29(1);
“terminal illness” means any illness that a registered medical practitioner under the Medical Registration Act 1997 certifies is expected to result in death within 12 months;
“total permanent disability” means —
being physically or mentally incapacitated from ever continuing in any employment; or
the total or permanent loss, which arises on or after 1 May 2016, of the physical function of —
2 eyes;
2 limbs; or
one eye and one limb.