5 Best Mortgage Insurance in Singapore (Comparison for 2020)
…Compare and Save PRECIOUS Time & Money
1179+ Singaporeans have benefitted from our comparisons
- Avoid multiple agents and yet be able to compare across 15 insurance companies
- Our DeepDive™ provides an in-depth comparison of the best mortgage insurance in Singapore
- Tailored to your specific needs with personalised quotes and premiums
- Don’t burden your family unnecessarily. Protect yourself and your loved ones.
The Purpose of a Mortgage Insurance
A mortgage protection insurance is a life insurance policy that protects your loved ones against needing to repay huge home loans if anything happens to you.
It can pay out a lump sum upon death, total and permanent disability or critical illness, during the term of the plan.
This lump sum could then be used to pay off the outstanding loan.
With the cover from a home mortgage loan insurance, you are sure to enjoy a peace of mind that your loved ones will still have a roof over their heads, no matter rain or shine.
Finding the Best Mortgage Insurance in Singapore
If you like the idea of an mortgage insurance plan, what’s next?
Finding the best one of course!
You’re using your hard-earned money and you’ll definitely want to make the best decision (with no regrets in the future).
But mortgage insurance plans come in all shapes and sizes… and one size doesn’t fit all.
The only way to find the best one for you is to do an in-depth comparison across the different plans offered by the different insurance companies.
And that’s what we’re good at.
What’s in Our Mortgage Insurance DeepDive™
Unlike others, our DeepDive™ gives you the Good and the Bad…
So you will be equipped to make better decisions.
What we’ll cover in the comparison:
- Mortgage reducing term vs Level term
- Amount of cover for Death, TPD and/or Critical Illness
- Policy term
- Premium term
- Premiums payable
- Any secondary benefits
- Any available discounts or promotions
- Potential disadvantages
- Anything else you wish to know…
We spent hours scrutinising policy documents so that you don’t have to.
3 Reasons Why We Need to Meet
You just want to look at the numbers… you got no time… you don’t want to meet strangers.
Perhaps you’re here because you were doing research online or came looking for more information when someone – friend or agent – told you about this.
So you may thinking, “just email the comparison and quotes to me!“
As consumers ourselves, we understand the convenience of that.
But a mere comparison table will not help you make a concrete decision (one that you can set in stone).
Due to the current Covid-19 situation, we will be using Zoom video meetings instead of physical ones.
Here are 3 reasons why there’s a need to meet:
1) Give Accurate Recommendations
Can you be absolutely sure of what you want? Could there be something that you may have missed?
A wrong decision might lead to a lifetime of regrets.
If you go to a doctor and without asking you anything, the doctor gives you medicine for this, this and this.
Would you have full confidence in the solution? No.
And that’s why there’s a need to understand your situation first BEFORE we give a recommendation – we’re not in the business of pushing products.
2) Requirement of MAS
In the Financial Advisers Act, it is stated that in order for a recommendation to be made, information on the client has to be gathered first.
Any inaccurate or incomplete information may affect the suitability of the recommendation.
Over the years, MAS has imposed stricter regulations to ultimately protect Singaporeans (and that includes you).
It is there for a reason and that is to ensure that you don’t end up with an unsuitable plan.
3) Touch on Fine Prints
What’s the purpose of a comparison table?
It’s to present information in an organised and simple way, so that you can make a decision based on it.
But can you really make an informed decision from it?
If you can easily do that, there wouldn’t be a need for two-digit pages of policy documents (for just one plan).
There are fine prints and clauses that might make or break your decision.
And that’s why we meet to not only show you the comparisons but to go through any critical pointers that you MUST be aware of.
We don’t want to overpromise and underdeliver.
What Singaporeans Are Saying
We Compare 15 Insurance Companies to Find the Best Plan for Your Needs
This is GREAT if you:
Our Trusted Providers
Yes, there’s no fee involved.
It typically takes around 40 minutes. However, it can take even longer if there are questions from your side or more complex situations.
We’re providing solutions that suit your needs. In the end, it’s entirely up to you to decide.
Yes! If you do have old policies, do bring them along as we can give a more accurate feedback.