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Safeguard your home and family


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.


MortgageProtector is a reducing term insurance policy that provides financial protection against death and total and permanent disability for a specific period.

  • Life insurance protection up to age 70

    In the event of death, your family will receive the sum assured1 in a lump sum.

  • Total and permanent disability coverage

    Up to age 65 or expiry of the policy, whichever is earlier. You will receive the sum assured1 in a lump sum up to SGD5 million2 upon diagnosis of total and permanent disability.

  • A range of terms and interest rates to choose from

    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

    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.

  • Continue to enjoy full coverage

    Premium payment term will end four years before the end of policy term, while you continue to enjoy full coverage.

  • More options on premiums

    Option to pay your premiums in yearly, half-yearly, quarterly or monthly instalments.

How it works

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.


Example 1: 30-year-old, non-smoking male taking up MortgageProtector with a coverage of SGD500,000 over 20 years, at an interest rate of 5% per annum.

Scenario 1

Coverage Sum assured Term Interest rate (p.a.) Annual premium3 Daily premium3
Single life SGDD500,000 20 5% SGD316.00 SGD0.87

Scenario 1

Coverage Single life
Sum assured SGDD500,000
Term 20
Interest rate (p.a.) 5%
Annual premium3 SGD316.00
Daily premium3 SGD0.87

Example 2: 30-year-old husband and 30-year-old wife, both non-smokers, taking up MortgageProtector with a joint coverage of SGD600,000 over 30 years, at an interest rate of 5% per annum.

Scenario 2

Coverage Sum assured Term Interest rate (p.a.) Annual premium3 Daily premium3
Joint life SGD600,000 30 5% SGD778.54 SGD2.13

Scenario 2

Coverage Joint life
Sum assured SGD600,000
Term 30
Interest rate (p.a.) 5%
Annual premium3 SGD778.54
Daily premium3 SGD2.13

Get in touch

Call us on 1800-4722-669 or find your nearest branch to apply in person.

For all policy servicing related enquiries please call (65) 6225 6111.

What else should I know?

As buying a life insurance policy is a long term commitment, an early termination of the policy usually involves high cost and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

More information

(1)The sum assured prevailing at the time of death or upon total and permanent disability, whichever is the earlier, will be paid in one lump sum, less any amount owing to HSBC Insurance (Singapore) Pte Limited.

(2)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 SGD5 million.

(3)The figures are for illustration purposes only. Insurance eligibility and premiums are subject to underwriting.


MortgageProtector is underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No. 195400150N).

This webpage contains general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. This is not a contract of insurance and is not intended as an offer or recommendation to buy the product. A copy of the product summary may be obtained from our authorised product distributors. You should read the product summary before deciding whether to purchase the product. 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. Please refer to the policy contract for the exact terms and conditions, specific details and exclusion of this product.

Policy Owners' Protection Scheme

This policy is 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 LIA or SDIC websites ( or


Information is correct as at 31 May 2021.
This advertisement has not been reviewed by the Monetary Authority of Singapore.

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