DBS eDecreasingTerm Mortgage Insurance

DBS eDecreasingTerm Mortgage Insurance Review 2024

Death Benefit

The reduced sum insured amount will be payable in one lump sum upon death of the life insured within the policy term.

Terminal Illness (TI) Benefit

The death benefit will be accelerated in one lump sum upon diagnosis of TI of the life insured within the policy term.

Definition of TI:

TI is defined as the conclusive diagnosis of an illness that is expected to result in the death of the life insured within 12 months. This diagnosis must be supported by a medical examiner and confirmed by Manulife's appointed medical examiner.

Total and Permanent Disability (TPD) Benefit

The death benefit will be accelerated in one lump sum upon diagnosis of TPD of the life insured within the policy term.

Definition of TPD:

In the event of TPD before the "TPD Expiry Date”, the reduced sum insured amount shall be payable in one lump sum. The disability must last for a minimum period of 6 consecutive months before a claim can be admitted.

Features of the Insurance

• Covered for death, total and permanent disability and terminal illness
• Choose your coverage amount from S$150,000 to S$500,000
• Apply online. Just answer 3 simple questions, no health check-ups required

How to apply for DBS eDecreasingTerm Mortgage Insurance

Visit DBS website for more details on the policy and the exclusions

Insurer's Contact Information

• Tel: +65 6833 8188
• Email: [email protected]