Etiqa has been serving Singapore clients since 1961. They hope to constantly be drivers of innovation and be quick to adapt to suit the modern consumer needs. In 2014, Etiqa evolved from a general insurance provider to a life insurance provider by increasing their range of products that they offer. They aim to pioneer more digital solutions to deliver better customer-focused products and services.
What is Mortgage Insurance?
Mortgage Insurance is a type of insurance policy that will payout to property owners in the event of a default on the mortgage loan. The default of the policyholder’s mortgage loan may be the result of the policyholder’s death, terminal illness or total and permanent disability. The mortgage insurance plan is also known as reducing term insurance, this is because the coverage should decrease as the policyholder pays off more of the loan.
We have done extensive research on the best mortgage insurance plans. Here is the full comparison of the Best Mortgage Insurance Plans.
Etiqa Mortgage Insurance Summary:
Here is the Etiqa Mortgage Insurance available:
PolicyPal’s Review of Etiqa Mortgage Insurance
The Etiqa ePROTECT Mortgage is an insurance plan offers the widest range of policy term choices from as short as 6 years to as long as 40 years. This is a good quality of the plan as people searching for mortgage insurance often come with different mortgages as well as purchasing power to pay off the loan. The flexibility that a wide range of policy term will be the most apparent for people that may take a longer time to pay off the loan.
This plan is limited in the availability of riders as it only offers one rider. In contrast, the NTUC Income Mortgage Insurance and AXA Mortgage Insurance, which offers multiple riders to choose from. You may find the full comparison table of the Mortgage Insurance plans here: Best Mortgage Insurance Plans.
However, it is also important to note that your mortgage insurance plan should not be the main component in your financial portfolio. If you have other concerns such as critical illness or health coverage, then a mortgage insurance rider may not be enough for your protection needs. Instead, if your critical illness coverage is important, you should look for comprehensive critical illness insurance coverage to cover your medical expenses and not rely only on your mortgage insurance rider to provide for you.
Good for: Homeowners that may require a longer policy term to pay off their loan.
Claims & Contact Information
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Schedule a Free Teleconsulting service with us today
You will be able to enjoy a free financial portfolio review which will help you better understand how to create a suitable financial plan for you and your family. We will analyse life insurance products from over 20 insurers and present you solutions that are tailor-made to address your concerns.
Our advisor will be more than happy to help you understand any of these insurance policies:
- Health Insurance
- Critical Illness Insurance
- Endowment/Savings Insurance
- Personal Accident Insurance
- Term/Whole Life Insurance
If you would like to know more about a specific life insurance product you can let us know your preference. This is so that we can be better prepared during the appointment to present you with a comparison table if needed.
How will I be able to schedule an appointment?
You can WhatsApp us at 8750 0688 and let us know your preferred date and time for the appointment. The appointment will be conducted using Zoom a free video-conferencing app for video consultation on your computer or your phone.
Alternatively, you can include your details here and we will contact you to help you set up an appointment.
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