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Personal Banking > Wealth Management > Bancassurance
Mortgage Protection Plan  

For many of us, purchasing a home means fulfilling the dream of a lifetime. A dream you want to keep alive, no matter what. But what if the unthinkable happens before you complete payment on your loan? Surely, you want that home to remain in your family’s hands. Safeguard your home for your loved ones with the MortgageProtection Plan. This plan will guarantee your family’s ownership of your home, regardless of what happens.

The Mortgage Protection Plan is designed in such a way that the sum assured will be payable in the unfortunate event of Death or Total and Permanent Disability (TPD before the age of 65) of the life insured, helping you to pay the balance of the outstanding loan.

Features and Benefits:

Peace of mind – for less than you think
The Mortgage Protection Plan gives you a greater sense of security at a very affordable premium.
Feel secure knowing your housing loan will be paid, regardless of what happens
Upon the Death of the life insured, the plan will pay the sum assured. In the event of Total and Permanent Disability (TPD before age 65), the sum assured will be paid in one lump sum or over a few years, up to a maximum of S$200,000 a year.
Be covered even against 30 major illnesses
Aside from death and total and permanent disability before age 65, you can also be covered for 30 major illnesses when you opt for a Living Benefit Rider. You can further add on a special waiver of premium benefit making sure that your future premiums be waived upon diagnosis of any of the 30 major illnesses. This gives you and your family greater peace of mind, knowing you are completely covered.

IMPORTANT NOTE
*Applicable to regular premium payment only.


 
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