Great Eastern Mortgage Insurance
Great Eastern mortgage or home insurance plan is named MortgageCare. It’s a Decreasing Term Assurance where the sum assured decreases over the term of the policy. This policy is commonly used to cover a reducing debt such as a mortgage or a loan.
Great Eastern MortgageCare plan provides the following benefits to protect your home:
Guaranteed sum assured to repay your outstanding housing loan
Guaranteed premiums (except policies with critical illnesses coverage)
Shorter premium paying term, i.e. premium payment stops 2 years before the end of the term of the policy.
Flexible premium payment mode, i.e. yearly, semi-annually, quarterly or even monthly.
Wide choice of policy terms to suit the term of your housing loan
Policy can be issued on a single life or joint-life basis. It can also be issued as a rider to other Great Eastern policies.
Choice of plans to include coverage against 30 critical illnesses.
Worldwide coverage
As Independent Financial Consultants, we provide insurance plans from most of insurance companies. We list several popular mortgage insurance plans from different insurance company for your comparison as below:
- AIA Mortgage Insurance
- NTUC Mortgage Insurance
- Great Eastern Mortgage Insurance
- Prudential Mortgage Insurance
- Tokio Marine Mortgage Insurance
- HSBC Mortgage Insurance
If you feel difficult to find a trusty and professional financial consultant, or if you need an independent financial consultant for unbiased advice. We can recommend a trusty financial consultant to discuss your insurance needs FREE of Charge, please fill below online form to Contact Us now. Our recommended financial consultant will contact you to make you understand how to choose suitable insurance to meet your needs.