Mortgage Protect Advantage

Enjoy greater security with mortgage reducing term cover

Why you will love this

Pays your outstanding home loan in the event of death, total & permanent disability or terminal illness

Who can apply

Anyone between 18 and 65 years old (age next birthday)

Secure your family and safeguard your home with our comprehensive mortgage insurance plan.

Features and Benefits
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Mortgage Protect Advantage

A regular premium plan that offers a full refund of your total premiums paid if no claims are made by the end of the policy term.

A regular premium plan that offers a full refund of your total premiums paid if no claims are made by the end of the policy term.

Premium Waiver CI Rider (Optional add-on)

An optional add-on that waives off premiums if the Life Assured is diagnosed with one of the 35 critical illnesses.

An optional add-on that waives off premiums if the Life Assured is diagnosed with one of the 35 critical illnesses.

This is not a fixed or savings deposit, but a term insurance plan.

Your coverage
Full coverage
Events covered
  • Death
  • Total & Permanent Disability (TPD)
  • Terminal Illness (TI)
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 the premiums you have paid at the end of the policy term
When you surrender the policy You will get back at least 40% of the premiums you have paid from the 8th policy year
Underwriting

Answer two health questions:

  • Up to S$1.5 million sum assured for 18 to 50 years old (age next birthday)
  • Up to S$1 million sum assured, 51 to 65 years old (age next birthday)

Premium Waiver CI Rider (Optional add-on)

  • Covers 35 Critical Illnesses
  • When an event happens, all your future premiums due under the basic policy and all riders attached to the policy (if any) will be waived
  • There will be no refund of premiums for this rider

before you apply

Eligibility requirements

Age (next birthday)

18 to 65 years old


Important notices


Policy Owners' Protection Scheme

These policies 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).