HDB homes

HDB Fire Insurance: What You Need To Know About Them.



Owning a HDB flat is one of the most rewarding achievements for a typical Singaporean. Therefore, we want to protect something so valuable in our lives. One of the most common disasters in HDB homes is fire incidents. According to SCDF, there were “1,010 fire incidents in residential premises, both private and public” in 2021 alone. 


The HDB Fire Insurance Scheme was introduced to help relieve flat owners of the financial burden of repair work in the unfortunate event of a fire. For flat owners with HDB loans commencing from 1 September 1994 onwards, a HDB fire insurance plan is mandatory for the tenure of the HDB loan from either HDB themselves or a bank. 


Base Plan


Currently, the most basic plan for HDB fire insurance recommended for HDB owners, and required for those with an outstanding HDB loan from either, is appointed by FWD insurance. The insurance term validity is five years, and renewal is available after the 5-year term. 


The table below shows the 5-year premiums (including 7% GST) from 16 August 2019 to 15 August 2024.


Flat Type 5-Year Premium (Including 7% GST) Sum Insured
1-room $1.62 $29,000
2-room/ 2-room Flexi $2.71 $48,700
3-room $4.87 $60,400
4-room/ S1 $5.94 $82,000
5-room/ S2/ 3-Generation $7.13 $97,300
Executive/ Multi-Generation $8.10 $106,200
Studio Apartment (Type A/ B) $2.71 $48,700

Table from HDB Fire Insurance Page


Do note that the FWD HDB Fire insurance covers ONLY building structures, fixtures and fittings provided by the HDB or its approved developers.




We would have to look for alternative plans for coverage for the following items such as:


  • Home contents such as household items and personal belongings; 
  • Renovation coverage in case of unforeseen circumstances; 
  • Cost of alternative accommodation and temporary storage during house restoration and repairs;
  • Personal liability cover against damages to neighbours’ property due to fire spread.


Premiums can range from $50 to $350 per $100,000, depending on your coverages and your type of HDB (A 5-room flat would have a higher premium compared to a 3-room flat).

Some insurers would provide more comprehensive coverage covering more than just fire incidents. As recommended by the General Insurance Association (GIA) of Singapore, you must carefully examine your policy and risk exposure when choosing an insurer. 


Many general insurance companies would provide a calculator on their websites depending on the situation of your dwelling. Such as the kind of apartment you are covering, the cost of your renovation, and various coverage such as temporary housing and personal liability coverage for neighbours’ property damage is needed.




Protecting your home and your personal belongings is always a must. We should always prepare for the worst circumstances, as they are the most unforeseen. To look for General Home Insurance, here is a list of General Insurers that you can choose from.