You aspire to buy a home where you and your loved ones can share a joyful life, but handling mortgage payments can be a significant financial challenge. Should the unexpected occur, your family may have to bear the burden of the outstanding loan if you have not planned to ensure their financial future.

Mortgage Life Term Plan offers comprehensive mortgage protection, covering death and total and permanent disability resulting from accidents during the loan repayment period. It eases your family’s financial concerns, enabling them to move forward with peace of mind.

You can choose a cover term from 5 to 40 years according to your mortgage duration and use the loan amount as the sum insured. In the event of your unfortunate demise within the policy tenure, we will make a one-time payment for settling the mortgage. In case of your inability to work for six months due to a disability, the Total and Permanent Disability Benefit (Instalment Waiver) will be payable from the start of the subsequent month, aiding in the repayment of the loan. If you remain disabled after receiving the monthly benefit for 12 months, we will pay a lump sum equal to the current cover amount.

The claim amount is calculated based on the sum insured, the policy term and assumed interest rates, with the cover decreasing annually. You can secure your family’s future with ample protection at an affordable premium.

Payment options for your needs

You can pay once for the entire cover period or pay annually.

Benefits of paying a single premium

You enjoy a premium discount for paying the full amount upfront, whether in cash or through a premium loan plan with the bank providing the mortgage. The premium loan plan, which requires monthly repayment, removes the burden of a large, one-time insurance payment.

Flexible policy terms for your choosing

You can select a policy period from 5 to 40 years that aligns with your mortgage duration. The premium remains unchanged throughout the cover term.

Comprehensive protection that offers peace of mind

We cover death, and permanent disability that results from injury and illness.

Protection unaffected by early mortgage redemption

The cover stays valid even if you pay off your loan ahead of schedule, as long as you continue paying the premium.

Special discount for joint applicants

To address market demand, we provide joint insurance schemes. You receive a 10% discount on a joint policy.

Optional benefits for added assurance

Annual premium plans let you add optional benefits that match your needs.

Available to diverse age groups

The Plan is open to individuals aged 70 and under, with a minimum sum insured of MOP240,000 or USD 30,000.

The information above is for reference only. For details, please refer to the terms and conditions of the Policy.

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