In the event a Deposit Insurance Scheme member bank or finance company fails, all of your eligible accounts with that member are aggregated and insured up to S$50,000. Trust and client accounts held by non-bank depositors are insured up to $50,000 per account.
Moneys held in bank deposits under the CPF Investment Scheme and CPF Minimum Sum Scheme are aggregated and separately insured up to S$50,000.
The Policy Owners' Protection Scheme covers life and general insurance policies in the event of the failure of a life or general insurer which is a Scheme member. Coverage for life insurance policies are based on guaranteed benefits only, and will be subject to caps (with the exception of accident & health policies). Coverage for general insurance policies will not be subject to any caps.