Reducing coverage - Mortgage Protector Series

Protect your outstanding mortgage payments
from life's uncertainties
Let our Mortgage-Reducing Term Assurance (MRTA) plans take care of your outstanding
mortgage in an unfortunate event. You can also get a full refund^ of the premium(s) paid
if no claims were made by the end of the policy term.

Benefits

  • Provide financial protection on your outstanding mortgage payments in an unfortunate event (death, total & permanent disability, terminal illness)

  • Available as an individual or joint-life policy

  • Receive 100% refund of your premium(s) at the end of the policy term with Mortgage Protector Plus and Mortgage Protector Advantage if no claims have been made.

  • Choice of policy terms from 6 to 40 years

Our 3 plans and their features

  • Mortgage Protector Plus - Single premium plan that assures you a full refund of your single premium if no claims were made by the end of the policy term
  • Mortgage Protector Advantage - Regular premium plan that assures you a full refund of your total premiums paid if no claims were made by the end of the policy term
  • Mortgage Protector - Regular premium plan without refund of premium



 
Mortgage Protector Plus
Mortgage Protector Advantage
Mortgage Protector

Events covered
  • Death
  • Total & Permanent Disability (TPD)
  • Death
  • Total & Permanent Disability (TPD)
  • Terminal illness
When an event happens You will get a one-off payment of your remaining sum assured, which can be used to pay off the remaining mortgage.
When no claims were made during the policy term You will get a full refund of your single premium at the end of the policy term. You will get a full refund of the premiums you have paid at the end of the policy term. No refund.
When the policy is terminated early You will get back at least 75% of the single premium you have paid. You will get back at least 40% of the premiums you have paid from the 7th year. No refund.

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(65) 6722 2293

Operating hours are from
9am to 6pm, Mondays to Fridays
(excluding public holidays)

Important notices

Policy Owners’ Protection Scheme

These plans are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).