Central Provident Fund Act 1953 · 2020 Revised Edition · Part 5 · Dependants’ Protection Insurance Scheme
47. Period of cover
Feedback & supportLast amended by an amending law of 2016.
On payment of the prescribed premium payable under section 45 for an insured person, the person is covered under the Scheme by the Board or an appointed insurer assigned by the Board (as the case may be) for a period of 12 months beginning on —
the date of such payment; or
where the insured person’s insurance cover is issued under section 43A, such other date as may be prescribed under section 51(e).
Subject to the provisions of this Part, the insurance cover under the Scheme must be renewed annually in accordance with the prescribed requirements.
Scheme
“Scheme” means the Lifelong Income Scheme established and maintained by the Board under section 27K.