OCBC Mortgage Insurance
NTUC Income Mortgage Term
AIA Mortgage Reducing Term Assurance
Tokio Marine TM Mortgage Protection
Manulife ManuProtect Decreasing
Asked by Anonymous
Asked on 06 Jul 2019
Also mortgage insurance has different interest rates calculation, how does it affect the total premium and coverage?
Top Contributor (Aug)
Haven't seen a group mortgage policy yet but the same cons apply to group policies.
1) You don't own the policy.
2) T&Cs can change without your discretion.
3) Premiums can change for better or worse.
4) You might not be able to carry on the policy after leaving the "group".
For anything as important as leaving a huge liability that you know your family won't be able to handle, make sure you have full control and rights to the insurance policy meant to help you out.
Just get a private policy.