ePROTECT mortgage

Ensure your loved ones will always enjoy the comfort of home. After all, home is where the heart is.

    • Policy Term

    • 6 to 40 years

    • Premium Term

    • 90% of policy term

    • Product Type

    • Mortgage Protection

Features

Limited Premium Term

Pay premiums for only 90% of your policy term (round up), e.g. pay 27 years for 30 years of cover.

Policy Benefit

Receive a reducing lump sum benefit (based on your coverage and chosen interest rate) on death, total and permanent disability or terminal illness. When needed, we also provide cash advance for immediate funeral expense financial aid.

Tailored and affordable premiums to best suit your needs

Be protected up to age next birthday 75 with a choice of policy term between 6 to 40 years.
Choose your preferred interest rate from 1% to 4% depending on your mortgage loan interest.

Protection throughout the policy term

Protect your home upon Death, Total & Permanent Disability (TPD) or diagnosis of Terminal Illness.

Visit our nearest Maybank branch

Enhance your coverage with our eXTRA secure waiver

Continue the policy without paying premiums if the life insured is diagnosed with a critical illness.

Here’s How It Works

Paul (age next birthday 35, non-smoker) recently bought his dream condominium with a $1 million loan from the bank. Paul insures this amount with a 30-year ePROTECT mortgage policy reducing at 3% interest rate. By paying just $1,060 yearly for 27 years, Paul is assured that his family can repay the bank loan in an unforeseen event.

This example is for illustration purposes only.

Downloads & Forms

Important Notes:

Age means the age at next birthday.

 

You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.

 

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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).​

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.

 

This advertisement has not been reviewed by the Monetary Authority of Singapore.​

 

Information is correct as at 10 December 2018.

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