Clause 25
Amendment of section 29
of Central Provident Fund (Amendment) Bill
Section 29 of the principal Act is amended —
by deleting subsection (1) and substituting the following subsection:“(1) The Board is authorised to establish and maintain a Home Protection Insurance Scheme to provide for an insured sum to be paid in respect of any person who is a Scheme member, in accordance with the provisions of this Part, on the person’s death or incapacity at any time during the period in which the person is insured under the Scheme.”; and
by deleting the words “cancel or terminate” in subsection (7) and substituting the words “issue to a member a cover under the Scheme, or cancel, terminate or reinstate”.