Policy and contribution requirements
From YA 2026, qualifying premiums can cover one’s own or spouse’s life, including a wife paying her husband’s premiums. Earlier years had a narrower spouse rule. Policies taken from 10 August 1973 require a qualifying Singapore insurer office or branch. Accident, hospital, health, disability, critical-illness, endowment and listed investment-linked policies or riders are excluded. Obtain the premium breakdown where a life policy includes non-qualifying riders.
Calculate and review the amount
For the current route, compare S$5,000 less the relevant CPF contributions with the lower of actual qualifying premiums and 7% of insured life value. Contributions of S$5,000 or more give no relief. From YA 2023, the specified employee and self-employed contributions form the test; older MediSave examples use different rules. Convert foreign-currency premiums to Singapore dollars. Previous claims can be prefilled, but update them if premiums or eligibility change.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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