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Best Mortgage Insurance Plan in Singapore (2026)

Compare Quotes from Over 8 insurers, Get the Most Affordable Mortgage insurance protection. Compare Mortgage Reducing and Level Coverage to Protect Your Home Loan Liabilities

Why Mortgage Insurance
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Why Mortgage Insurance


Mortgage reducing insurance is a specialized type of life insurance designed to help pay off an outstanding mortgage balance in the event of the mortgagor passing. As the mortgage balance decreases over time, the coverage amount can be structured to reduce accordingly, ensuring that loved ones are not burdened with mortgage payments. This type of insurance is particularly beneficial for individuals with long-term mortgage commitments who want to protect their family from potential financial hardship

Specify your loan amount

Decide on the loan amount to be insured for, usually this is the amount of your mortgage loan.

select your loan interest

Select the loan interest rate for the mortgage reducing insurance to decrease by.

Choose your loan tenure

This is the number of years you’ll take to repay your home loan, and your mortgage insurance tenure.

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Mortgage Insurance F.A.Q

Find answers to commonly asked questions about Mortgage Reducing Insurance in Singapore

Have more questions? Chat with us for instant answers to your financial queries!

Sample Quotes (Latest Rates 2026)

Sample Mortgage Insurance Quotes

Covering 1,000,000 Death/Terminal Illness and Total Permanent Disability, Non Smoker Age 35

Cover 30 years, 3% Decreasing for Mortgage Insurance


Insurers

Female Monthly Premium

Male Monthly Premium

Manulife Mortgage Insurance

$51.93

$55

Etiqa Mortgage Insurance

$73.50

$103.25

Income Mortgage Insurance

$70.70

$88.70

Singlife Term

$49

$62.40

Tokio Marine Term

$59.30

$81.80

FWD Term

$54.90

$74.20

China Taiping Term

$45.55

$77

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Mortgage insurance in 60 seconds

 

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