MyProtector Mortgage - Term Life Insurance

MyProtector Mortgage - Term Life Insurance

Overview

More than just providing your loved ones with a roof over their heads, you should ensure that your dream home does not become a financial burden to them – should anything happen to you.

MyProtector Mortgage is a non-participating mortgage reducing term life insurance plan designed to provide comfort and security to home loan customers. Simply align the coverage to your homeloan and MyProtector Mortgage will take care of your outstanding mortgage commitment in the event of Death1 or Terminal Illness1 during the policy term. You can also add on protection against Total and Permanent Disability1 as well as 30 Critical Illnesses1 as supplementary benefits.

Benefits & Features

    1. Security: You and your loved ones are protected in the event of Death1 or Terminal Illness1
    2. Choice: Select from 5 to 822 years to cover your loan tenure
    3. Flexible: Available in a range of interest rates closest to your mortgage interest rate, ensuring adequate coverage for your home
    4. Peace of Mind: Your premiums3 will remain unchanged throughout the term and no premium is required for the last two years of your policy term
    5. Value: For joint homeowners, you can enjoy the coverage of two lives in one policy.
    6. Convenient: Depending on your cash flow needs, you can choose your most preferred payment frequency: monthly, quarterly, semi-annually or annually. Payment can also be made by Giro or Credit Card.
    7. Immediate Coverage: Up to 90 days1 Interim Accidental Death Cover4 from the date of application signed.
    8. Extras: Enhance your coverage with protection against Total & Permanent Disability1, 30 Critical Illnesses and a Critical Illness premium waiver rider which will waive your future premiums upon diagnosis of any of the 30 Critical Illnesses.

Next Steps

    1. Call us or request a no-obligation consultation
    2. Visit our nearest DBS Branch

1 The sum assured according to your policy schedule may be higher or lower than the outstanding loan amount, depending on the policy interest rate assumptions. HIV infection is excluded for Terminal Illness.

2The maximum age of entry is seventy (70) Age Next Birthday ("ANB") for Death & Terminal Illness. The maximum age of entry is sixty-five (65) ANB for Total & Permanent Disability and Critical Illness Accelerated Benefits and Critical Illness Premium Waiver. Maximum expiry age is seventy (70) ANB for Total & Permanent Disability and ninety-nine (99) ANB for Death & Terminal Illness and Critical Illness Accelerated Benefits and ninety-seven (97) ANB for Critical Illness Premium Waiver.. The maximum policy term of eighty-two (82) years is subject to the sum of the policy term and the entry age of the life assured being equal to or less than the maximum expiry age of the basic policy. The term of the riders shall not exceed the term of the basic policy.

3Only for Death / Terminal illness and Total permanent disability Benefits. Rates for Critical illness coverage are not guaranteed.

4Refer to the Interim Cover Terms and Conditions as attached to the MyProtector Mortgage Application Form.

Other terms and conditions apply, please refer to product summary for more information.

Disclaimers

This plan is underwritten by Aviva Ltd.

This is not a contract of insurance. The standard terms and conditions of this plan are provided in the relevant policy contract.

This is published for information and general circulation only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

A product summary in relation to MyProtector Mortgage is available and may be obtained from Aviva Ltd or any DBS/POSB branches. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.

Aviva Ltd. Co. Reg. No. 196900499K DBS Bank Ltd Co. Reg. No.: 196800306E Jul 11

Back to top