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Overview
Make sure you protect your family against the risk of losing your home
should you be unable to pay off your loan due to illness, disability, or
death. With Great Eastern Life's MortgageCare, you can purchase just the
right amount of insurance to match the amount on your loan.
With MortgageCare, you can choose to have your coverage level decrease
as the outstanding amount on your loan decreases. It's the ideal home
loan protection plan, with benefits such as:
Key Benefits
 Single and
joint ownership coverage
Lump sum
payment in the event of death, major illness or total and permanent
disability
The
flexibility of a regular premium or single premium plan, with or without
major illnesses coverage, or as a supplementary benefit to your main
policy
Enjoy
discount for joint-lives policy
You might recall this article published
in Singapore Straits Times recently, have you purchased your mortgage
protection yet?
Jan 4, 2007
Loan not repaid, so
wife of late nightclub owner loses house
Take a look at these affordable premiums with a sum
assured of $500,000.
For an age 30 year male non-smoker
with a sum assured of $500,000
Single Premium MortgageCare
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Lump Sum |
$8,190.00 |
30 |
NA |
Decreasing Term |
|
| 500,000 |
Lump Sum |
$4,600.00 |
20 |
NA |
Decreasing Term |
|
| 500,000 |
Lump Sum |
$2,285.00 |
10 |
NA |
Decreasing Term |
|
MortgageCare
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$450.00 |
30 |
24 |
Decreasing Term |
|
| 500,000 |
Annual |
$355.00 |
20 |
16 |
Decreasing Term |
|
| 500,000 |
Annual |
$290.00 |
10 |
8 |
Decreasing Term |
|
MortgageCare (Living Assurance)
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$1,097.50 |
30 |
24 |
Decreasing Term |
Critical Illness Protection |
| 500,000 |
Annual |
$785.00 |
20 |
16 |
Decreasing Term |
Critical Illness Protection |
| 500,000 |
Annual |
$707.50 |
10 |
8 |
Decreasing Term |
Critical Illness Protection |
For an age 40 year male non-smoker
with a sum assured of $500,000
Single Premium MortgageCare
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Lump Sum |
$19,335.00 |
30 |
NA |
Decreasing Term |
|
| 500,000 |
Lump Sum |
$9,650.00 |
20 |
NA |
Decreasing Term |
|
| 500,000 |
Lump Sum |
$3,940.00 |
10 |
NA |
Decreasing Term |
|
MortgageCare
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$1,155.00 |
30 |
24 |
Decreasing Term |
|
| 500,000 |
Annual |
$790.00 |
20 |
16 |
Decreasing Term |
|
| 500,000 |
Annual |
$565.00 |
10 |
8 |
Decreasing Term |
|
MortgageCare (Living Assurance)
|
Sum Assured |
Premium Payment |
Premium* |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$2,862.50 |
30 |
24 |
Decreasing Term |
Critical Illness Protection |
| 500,000 |
Annual |
$1,940.00 |
20 |
16 |
Decreasing Term |
Critical Illness Protection |
| 500,000 |
Annual |
$1,430.00 |
10 |
8 |
Decreasing Term |
Critical Illness Protection |
For an age 50 year male non-smoker
with a sum assured of $500,000
Single Premium MortgageCare
|
Sum Assured |
Premium Payment |
Premium |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Lump Sum |
$26,200 |
20 |
NA |
Decreasing Term |
|
| 500,000 |
Lump Sum |
$10,195 |
10 |
NA |
Decreasing Term |
|
MortgageCare
|
Sum Assured |
Premium Payment |
Premium |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$2,285.00 |
20 |
16 |
Decreasing Term |
|
| 500,000 |
Annual |
$1,460.00 |
10 |
8 |
Decreasing Term |
|
MortgageCare (Living Assurance)
|
Sum Assured |
Premium Payment |
Premium |
Loan Period (Yrs) |
Payable for (Yrs) |
Loan Type |
Other Benefits |
| 500,000 |
Annual |
$5,577.50 |
20 |
16 |
Decreasing Term |
Critical Illness Protection |
| 500,000 |
Annual |
$4,342.50 |
10 |
8 |
Decreasing Term |
Critical Illness Protection |
* Premium rates are not guaranteed.
Other protection plans available for Joint Life,
call for more information
Please call 6417 5561 for more information or email to
rna2ins-email@yahoo.com.sg (giving us your name and telephone no). Our
customer service officer will respond to your queries.
Complete
download forms
these forms and fax it to 6417 5563 or email it to
na2ins-email@yahoo.com.sg
The above is for general
information only. It is not a contract of insurance. Please refer to
the policy document for the precise terms and conditions of the
insurance plan.
This policy is subject to the Premium Payment Warranty Clause, which
requires the premium to be paid and received on or before the
inception date of the policy.
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