Mortgage Protection Plan
Income Insurance
Category
Term Life
Coverage
Death, Total Permanent Disability
Coverage Term
Up to age 84 . From 5 to 35 Year(s)
Overview
Mortgage Protection Plan provides good coverage at affordable rates. You can choose between 5 to 35 years depending on your remaining term of your mortgage. It is also known as a decreasing term insurance plan. You can also opt for a lump sum single premium payment or a regular premium payment over a specific number of years. There is also an option to include riders to waive off future premiums upon diagnosis of any one of the 30 dread diseases.
Key Features
-Term insurance plans covers for death and terminal illness (TI) and offers the option to add-on riders to enhance your coverage to include Total and Permanent Disability (TPD) and critical illnesses. Plans provide coverage for a specified period and are typically used to cover a temporary protection gap until you retire.
