MortgageProtector - Safeguard your home and family
Protecting your future
Owning your home gives you a sense of pride, and to your family - a sense of security. Therefore it is important that you safeguard your home and family against the unexpected, so that they will not be burdened with mortgage repayments or face the possibility of losing their home.
With MortgageProtector, you can have a single plan that provides life coverage for two joint homeowners. MortgageProtector takes care of unpaid home repayments, should any unforeseen event such as death or total and permanent disability happen to any one of the two joint homeowners.
- Life insurance protection up to age 70. In the event of death, your family will receive the sum assured in a lump sum.
- Total and permanent disability coverage up to age 65. You will receive the sum assured in a lump sum up to S$2 million* upon diagnosis of total and permanent disability.
- Flexible plan with a wide range of terms available from 10 to 40 years, and interest rate from 1% to 10% to match your mortgage plan.
- Single or joint coverage are available for joint homeowners who are spouses or family members.
- Affordable premium rates that are guaranteed, giving you the coverage you need at a fixed premium rate. Furthermore, enjoy a one-time waiver on the first month's premium.
- Premium payment term will end four years before the end of policy term, while you continue to enjoy full coverage.
- Option to pay your premiums in yearly, half-yearly, quarterly or monthly instalments.
Firstly, decide on the coverage you require - the level of coverage, the term of coverage and interest rate. This can be based on your mortgage plan. Next, decide if you would like to choose single or joint coverage. Finally, choose a payment schedule from monthly to yearly instalments that best suits you.
30-year-old, non-smoking male taking up MortgageProtector with a coverage of S$450,000 over 20 years, at an interest rate of 5% per annum.
| Coverage |
Sum assured |
Term |
Interest rate (p.a.) |
Annual premium# |
Daily premium# |
| Single life |
S$450,000 |
20 |
5% |
S$364.50 |
S$1.00 |
30-year-old husband and 30-year-old wife, both non-smokers, taking up MortgageProtector with a joint coverage of S$600,000 over 30 years, at an interest rate of 5% per annum.
| Coverage |
Sum assured |
Term |
Interest rate (p.a.) |
Annual premium# |
Daily premium# |
| Joint life |
S$600,000 |
30 |
5% |
S$905.28 |
S$2.48 |
Call 6225 6111
* The total and permanent disability (TPD) coverage for this policy together with all existing TPD coverage extended by HSBC Insurance (Singapore) Pte. Limited for the life assureds shall not exceed S$2 million.
#The figures are for illustration purposes only. Insurance eligibility and premuims are subject to underwriting.
MortgageProtector is underwritten by HSBC Insurance (Singapore) Pte. Limited, 10 Eunos Road 8, #11-01 Singapore Post Centre, Singapore 408600. Company registration no. 195400150N.
This webpage contains only general information. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. A person interested in this product should read and consider the Product Summary and Benefit Illustration in deciding whether to buy this product. You can ask for the Product Summary from our authorised agents or distributors, including The Hongkong and Shanghai Banking Corporation Limited.
Buying a life insurance policy is a long-term commitment. There is no surrender value for this insurance policy.
HSBC Insurance (Singapore) Pte. Limited's authorised agents or distributors, including The Hongkong and Shanghai Banking Corporation Limited (together "the Agents") are neither underwriter nor broker for the customer. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this marketing materials. Under no circumstances, including, but not limited to negligence, shall the Agents or any party involved in creating, producing or delivering the marketing materials to be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this web site, even if the Agents have been advised of the possibility of such damages.
The Agents and/or their employees will receive a commission from HSBC Insurance (Singapore) Pte. Limited in respect of this transaction. The Agents are not suppliers of the products and services and will not accept liability in relation hereto.
Issued by HSBC Insurance (Singapore) Pte. Limited.
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