In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Central Provident Fund Act 1953 · 2020 Revised Edition · Part 5 · Dependants’ Protection Insurance Scheme
48A. Insurance policy under Scheme not to create trust
Feedback & support(1)
A policy of insurance issued under the Scheme is not to be deemed to create any legal or equitable trust.
Scheme
Defined · s 27J
“Scheme” means the Lifelong Income Scheme established and maintained by the Board under section 27K.
(2)
Section 73 of the Conveyancing and Law of Property Act 1886 and section 132 of the Insurance Act 1966 do not apply to any policy of insurance issued under the Scheme.