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Mortgage Protection

Decreasing Term Assurance

You've worked hard to provide a good and stable home for yourself and your family. Wouldn't it be good to know that they will always have a sanctuary to call their own, especially in the event that you are unable to pay off your home loan due to death, Total & Permanent disability or Terminal illness?

Decreasing Term Assurance takes care of your outstanding home loan and ensures a roof stays over your family's head. With this ideal mortgage protection plan, you can purchase the same amount of insurance coverage to match your home loan amount.

Get protected with Decreasing Term Assurance:
  • Single or Joint Life Coverage

    Opt for single or joint coverage in one policy if your home is financed by two joint-owners of the house. Should any party meet a misfortune, the sum assured will cover your mortgage loan.

  • 24-hour Worldwide Coverage

    Decreasing Term Assurance has you covered 24/7 worldwide against Death, Total & Permanent Disability and Terminal Illness.

  • Affordable Premium Payments

    Because the premiums are low and easily affordable, the choice is yours to pay one single lump sum1 or in regular premiums. Furthermore, the policy comes with the attractive feature of premium waiver for the last 3 policy years for regular premium only, while you continue to enjoy full coverage.

  • Flexibility of Coverage Term

    Depending on your needs, choose coverage term of 10 - 30 years for regular premium plans, or 5 - 30 years for single premium plans.

Important Information

1 Lump sum payment is only available for basic policy.

AXA offers a wide range of supplementary benefits Enhance your coverage with supplementary benefits as listed below. These riders are available for attachment to a Regular Premium Single Life policy.

Supplementary Riders Benefits

Living Accelerator for Decreasing Term Assurance

Provides protection to reduce financial burden by accelerating the Death Benefit under the basic policy, when the Life Assured is diagnosed as having a Critical Illness during the term of this Rider.

Personal Accident Benefit

Provides protection for loss of income or medical expenses incurred, in the event of the Life Assured's death or injuries suffered as a result of an Accident.

Waiver of Premium

If the Life Assured is different from the Policyholder, this rider waives of Premiums in the event the Policyholder dies or becomes totally and permanently disabled before the age of 65. This ensures the Life Assured continues to be covered when the Policyholder can no longer pay premiums.

Waiver of Premium Plus

If the Life Assured is different from the Policyholder, this rider waives of Premiums in the event the Assured/Policyholder dies or becomes totally and permanently disabled before the age of 65 or is diagnosed to be suffering from one of the 30 Major Illnesses. This ensures the Life Assured continues to be covered when the Policyholder can no longer pay premiums.

Waiver of Premium Special

Provides for waiver of Premiums if the Life Assured is diagnosed to be suffering from a Critical Illness during the term of this benefit.

To apply, please ask your personal adviser to recommend appropriate packages that best suit your needs to ensure your coverage remain relevant.

The above is not a contract of insurance. The precise terms and conditions of the plan are specified in the policy contract.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

A product summary is available and may be obtained from AXA Life Insurance Singapore Pte Ltd and the participating distributors' offices. You should read the product summary before deciding whether to purchase the policy.

The above is for your information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from an adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from an adviser, you should consider whether the product in question is suitable for you.

The insurance policy featured in this website is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you should you buy the policy. For more information on the types of benefits that are covered under the Policy Owners' Protection Scheme as well as the limits of coverage, where applicable, please visit the AXA website at www.axa.com.sg or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg) for a copy of the SDIC Guide on PPF Scheme (Life Insurance).
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