SAFEGUARD THE ROOF OVER YOUR FAMILY

Getting the right home loan was your first step in providing a dream home for your loved ones. Now, the next crucial step is to ensure that their future is protected with the right mortgage insurance.

What is Mortgage Insurance?

A term life insurance that pays out a lump sum in an unfortunate event (e.g. untimely death or total and permanent disability). The payout can be used to pay off your outstanding mortgage loans.

Understanding your needs

Your insurance plan should have a sum assured amount that is equivalent to your mortgage loan amount. For a limited time only, enjoy yearly premium discount for selected regular premium mortgage insurance plans!

Mr Tan is a 45-year-old Singaporean, non-smoker, looking for a mortgage insurance plan to cover his 20-year loan. Mortgage insurance plans he can consider:

  Mortgage reducing term insurance1 Fixed term insurance2
Insurance Plan Sum Assured
Mortgage
Protector

20% off yearly premiums!

Mortgage Protector
Advantage

10% off yearly premiums!

MaxTerm Value or PremierTerm Plus (TPD)
S$500,000

S$1,122/yr

(Original: S$1,402)

S$3,859/yr

(Original: S$4,288)

S$1,240/yr

for MaxTerm Value

S$1 Million

S$2,075/yr

(Original: S$2,594)

S$7,304/yr

(Original: S$8,115)

S$2,100/yr

for PremierTerm Plus (TPD)

 
Sum Assured Insurance Plan
For a loan coverage of
S$500,000 S$1 Million
Mortgage
Protector


20% off yearly premiums!

S$1,122/yr

(Original: S$1,402)

S$2,075/yr

(Original: S$2,594)

Mortgage Protector
Advantage


10% off yearly premiums!

S$3,859/yr

(Original: S$4,288)

S$7,304/yr

(Original: S$8,115)

MaxTerm Value
or

PremierTerm Plus (TPD)

S$1,240/yr

for MaxTerm Value

S$2,100/yr

for PremierTerm Plus (TPD)

Premiums are rounded to the nearest dollar.

Notes

  1. Based on age nearest birthday. Covers death, total and permanent disability and terminal illness. Interest rate is assumed to be at 3.0%. Mr Tan would only need to pay for 15 years if he were to purchase Mortgage Protector or Mortgage Protector Advantage.

  2. Based on age nearest birthday. MaxTerm Value and PremierTerm Plus (TPD) cover death, total and permanent disability and terminal illness. Mr Tan would need to pay for 20 years if he were to purchase MaxTerm Value or PremierTerm Plus (TPD).

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