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Old 13-08-2009, 10:13 AM
teaengpeng
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Default Hpis

Quote:
Originally Posted by Magdeline View Post
Thanks to all. The link is exactly what I'm looking for.

I plan to move to condo for a better quality of living - better security, good private facilities like gym and pool. At the same time, I wish to keep my HDB as there's still the very low-cost HPIS which is a form of life insurance. With the HPIS, it's as if my husband and I are each insured for a couple of hundred K. Now, speaking of this, does anyone know if the HPIS will be voided if we rent our flat out? Logical reasoning tells me no, unless there's some black and white stating this (I couldn't find any so far).
Hi Magdeline, HPIS will not void if you rent out your flat. HPIS from HDB follows the flat not the owner. It will expire if you sell your flat and you have to buy new one for your next flat at a higher premium due to older age or higher loan amount.

Hope this help.
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