Mortgage Insurance

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

Mortgage Protect Advantage offers full refund of premiums if no claims are made at the end of the policy term

Mortgage Protect offers affordable monthly premiums

Who can apply

Mortgage Protect Advantage: Anyone between 18 and 65 years old (age next birthday)

Mortgage Protect: Anyone between 18 and 69 years old (age next birthday)

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

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.

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Mortgage Protect

A regular premium plan with no premium refund option.

A regular premium plan with no premium refund option.

Premium Waiver CI Rider (Optional add-on)

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

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

These are not fixed or savings deposits, but term insurance plans.

Your coverage
  Mortgage Protect Advantage Mortgage Protect
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

No refund

When you surrender the policy

You will get back at least 40% of the premiums you have paid from the 8th policy year

No refund

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)

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 69 years old (age next birthday)
Your coverage

Full coverage

Events covered
Mortgage Protect Advantage
  • Death
  • Total & Permanent Disability (TPD)
  • Terminal Illness (TI)
Mortgage Protect
  • Death
  • Total & Permanent Disability (TPD)
  • Terminal Illness (TI)
When an event happens
Mortgage Protect Advantage

You will get a one-off payment of your remaining sum assured, which can be used to pay off the remaining mortgage

Mortgage Protect

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
Mortgage Protect Advantage

You will get a full refund of the premiums you have paid at the end of the policy term

Mortgage Protect

No refund

When you surrender the policy
Mortgage Protect Advantage

You will get back at least 40% of the premiums you have paid from the 8th policy year

Mortgage Protect

No refund

Underwriting
Mortgage Protect Advantage

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)
Mortgage Protect

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 69 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 for Mortgage Protect Advantage

18 to 69 years old for Mortgage Protect


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).

or contact us at 1800 363 3333

Our hotline is available 24 hours a day.
Calling from overseas? Please contact +65 6363 3333.