Mortgage Reducing Term Cover

Secure your family. Safeguard your home.

Full refund of premiums if there’s no claim with Mortgage Protect Advantage and Mortgage Protector Plus

Eligibility

  • Mortgage Protector Plus:
    Life Assured must be min. 21 years old (nearest birthday) and max. 65 years old (nearest birthday)
  • Mortgage Protect Advantage:
    Life Assured must be min.18 years old and max. 65 years old (age next birthday)
  • Mortgage Protect:
    Life Assured must be min. 18 years old and max. 69 years old (age next birthday)

Secure your family. Safeguard your home.

Full refund of premiums if there’s no claim with Mortgage Protect Advantage and Mortgage Protector Plus

Eligibility

  • Mortgage Protector Plus: Life Assured must be min. 21 years old (nearest birthday) and max. 65 years old (nearest birthday)
  • Mortgage Protect Advantage: Life Assured must be min.18 years old and max. 65 years old (age next birthday)
  • Mortgage Protect: Life Assured must be min. 18 years old and max. 69 years old (age next birthday)

Benefits at a glance

  • Pays your outstanding mortgage if an unfortunate event occur (death, total & permanent disability, terminal illness)
  • Receive 100% refund of your premium(s) paid at the end of the policy term with Mortgage Protect Advantage and Mortgage Protector Plus if no claims were made
  • Affordable monthly premiums with Mortgage Protect
  • Available as an individual or joint-life policy
  • Choice of policy terms from 6 to 40 years

Our 3 plans and their features

Mortgage Protector Plus

A single premium plan that will refund your premium paid if no claims are made by the end of the policy term

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

Mortgage Protect

A regular premium plan with no premium refund option

Optional add-on

Premium Waiver CI Rider
An optional regular premium plan that waives off premiums for Mortgage Protect and Mortgage Protect Advantage if the Life Assured is diagnosed with one of the 35 critical illnesses.

Full coverage for all 3 plans

Mortgage Protector Plus Mortgage Protect Advantage Mortgage Protect Premium Waiver CI Rider (optional)
Events covered
  • Death
  • Total & Permanent Disability (TPD)
  • Death
  • Total & Permanent Disability (TPD)
  • Terminal Illness (TI)
35 Critical Illnesses
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. All your future premiums due under the basic policy and all riders attached to the policy (if any) will be waived.
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. No refund.
When you surrender the policy 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 8th policy year. No refund. No refund.
Underwriting Full underwriting Answer two health questions:
  • Up to S$1.5 million sum assured for 18-50 years old (age next birthday)
  • Up to S$1million sum assured, 51 - 65 years old (age next birthday)
Answer two health questions:
  • Up to S$1.5 million sum assured for 18-50 years old (age next birthday)
  • Up to S$1million sum assured, 51 - 69 years old (age next birthday)
Follow main plan

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Call us at (65) 6722 2293

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