Singapore legislation
Regulation 9
of Central Provident Fund (Dependants’ Protection Insurance Scheme) Regulations 2005
Regulation 9
Renewal or reinstatement of insurance
Subregulation 1
Subject to regulation 12(1), the insurance cover of an insured person under the Scheme must be renewed on the anniversary of the date of the commencement of his or her insurance cover.
Subregulation 2
Where the Board has deducted, under regulation 4(4), the reduced premium for an insured person’s insurance cover under the Scheme in accordance with paragraph 1 of the Second Schedule, the insured person is deemed to be so insured under the Scheme without any break in insurance cover, for the purposes of these Regulations.
Subregulation 3
Where the premium mentioned in regulation 4(1) for an insurance cover under the Scheme is paid in full before the expiry of the grace period, the insured person is deemed to be so insured under the Scheme without any break in insurance cover, for the purposes of these Regulations.
Subregulation 4
The Board may reinstate an insured person’s insurance cover pursuant to section 43A of the Act, subject to such terms and conditions as may be imposed under section 42(6)(c) of the Act, if —
the insurance cover ceases under regulation 12(1)(c);
the Board is satisfied that the insured person had a good reason for failing to pay the premium mentioned in regulation 4(1) before the expiry of the grace period; and
the premium mentioned in regulation 4(1) is paid within the permitted period in the following manner:
in any manner described in regulation 4(2);
if the premium has not been fully paid in the manner described in regulation 4(2), the unpaid amount may be deducted or paid (as the case may be) in accordance with section 45(4) of the Act.
Subregulation 5
Where an insured person’s insurance cover is reinstated pursuant to section 43A of the Act from a date immediately after the cessation of the insurance cover under regulation 12(1)(c), the insured person is deemed to be insured under the Scheme without any break in insurance cover, for the purposes of these Regulations.