CPF Dependent Protection Scheme

Dear Mr Tan,
DPS (Dependants' Protection Scheme) is an optional term insurance which covers CPF members for a maximum sum assured of $46,000 up to age 60. Is this a good value term insurance to have ?

http://mycpf.cpf.gov.sg/Members/Gen-Info/FAQ/Insurance/INS-DPS.htm

The premium payable depends on your age at your last birthday. Premiums can be paid from your CPF Ordinary and/or Special Account(s). The yearly premiums, based on age and regardless of gender, are as follows:

Age(Last Birthday)         YearlyPremium
34 years and below          $  36
35-39 years                       $  48
40-44 years                       $  84
45-49 years                       $144
50-54 years                       $228
55-59 years                       $260

REPLY
You can compare it with the benchmark premium rates shown in my website:
http://www.tankinlian.com/faq/benchmark.html
My quick comparision shows that the premium rate for DPS is quite attractive for the customer.