You've come a long way and now you're at a personal milestone. You've taken out a housing loan and purchased the home of your dreams.
But as you know, there are some things you can't anticipate. It's always good to hope for the best, but be prepared for the unexpected.
Let us show you the way with AIA Mortgage Reducing Term Assurance (MRTA).
This thoughtful plan protects your loved ones and ensures that your housing loan will be fully paid for by AIA in the event of unforeseen and unfortunate circumstances.
WHAT WE PROVIDE
PEACE OF MIND
In the unfortunate event of death, disability or terminal illness, AIA MRTA will guarantee repayment of your outstanding housing loan.
EASY PAYMENT OPTIONS
You may pay your premium in one single payment, annually, semi-annually, quarterly or even monthly. It's that flexible.
UTMOST COVERAGE FOR A SHORTER PREMIUM PERIOD
Pay premiums for only 75% of your entire home loan tenure. For example, if you've undertaken a 30-year home loan, you need to pay premiums for only 22 years. That gives you 8 years of free coverage.
What if you decide to sell your property? Or what if you fully redeem your loan? Good news! Your remaining AIA MRTA coverage can be used for a new mortgage loan.
|Singapore Residential Commercial and Industrial|
Moving, Removal, Delivery, Disposal, Storage Services
EXAMINATION - FREE!
Your medical examination (if required) is fully paid for by AIA.
Accident riders can be attached to the annual premium MRTA. The riders that can be attached are:
- Accident Death Benefit with Riot and Commotion (RCC) rider
- Accident Indemnity with RCC rider
- Accident Death and Dismemberment with RCC rider
- Enhanced Accidental Death and Dismemberment (EADD) rider
- Enhanced Family Accidental Death and Dismemberment rider
- EADD + Medical Reimbursement (MR) rider
- EADD + Weekly indemnity (WI) rider
- EADD + MR + WI rider
Free coverage for the first month
Worldwide coverage can be provided up to age 75
Covers the loan tenure between 5 to 30 years
Benefits payable in addition to other life insurance
The only AIA plan covering TPD till age 65
WHO IS ELIGIBLE?
AIA MRTA covers individual lives only based on a mortgage loan on a residential property.
Note: The above is a simplified description of the product features and is neither an offer to sell any insurance product nor 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.
We’ll be most happy to answer any queries and attend to your needs. Contact us now to find out more how can we help you better with no obligation.