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A mother is hugging her son; image used for HSBC Singapore Insurance Mortgage Protector

Mortgage Protector

Safeguard your home and family

Mortgage Protector Insurance Plan

Owning your home gives you a sense of pride, and to your family - a sense of security. Therefore it is important that you safeguard your home and family against the unexpected, so that they will not be burdened with mortgage repayments or face the possibility of losing their home.


With MortgageProtector, you can have a single plan that provides life coverage for two joint homeowners. MortgageProtector takes care of unpaid home repayments, should any unforeseen event such as death or total and permanent disability happen to any one of the two joint homeowners.

Features & benefits

  • Life insurance protection up to age 70. In the event of death, your family will receive the sum assured1 in a lump sum.
  • Total and permanent disability coverage up to age 65 or expiry of the policy, whichever is earlier. You will receive the sum assured1 in a lump sum up to S$5 million2 upon diagnosis of total and permanent disability.
  • With a wide range of terms available from 10 to 40 years, and interest rate from 1% to 10% to match your mortgage plan.
  • Single or joint coverage are available for joint homeowners who are spouses or family members.
  • Affordable premium rates that are guaranteed, giving you the coverage you need at a fixed premium rate. Furthermore, enjoy a one-time waiver on the first month's premium.
  • Premium payment term will end four years before the end of policy term, while you continue to enjoy full coverage.
  • Option to pay your premiums in yearly, half-yearly, quarterly or monthly instalments.

How it works

Firstly, decide on the coverage you require - the level of coverage, the term of coverage and interest rate. This can be based on your mortgage plan. Next, decide if you would like to choose single or joint coverage. Finally, choose a payment schedule from monthly to yearly instalments that best suits you.

Example: A 30-year-old, non-smoking male takin gup Mortgage Protector with a coverage of S$500,000 over 20 years, at an interest rate of 5% per annum.

Scenario 1
Coverage Sum assured Term Interest rate (p.a.) Annual premium3 Daily premium3
Single life S$500,000 20 5% $316.00 S$0.87
Scenario 1
Coverage Single life
Sum assured S$500,000
Term 20
Interest rate (p.a.) 5%
Annual premium3 $316.00
Daily premium3 S$0.87

Example: A 30-year-old husband and 30-year-old wife, both non-smokers, taking up Mortgage Protector with a joint coverage of S$600,000 over 30 years, at an interest rate of 5% per annum.

Scenario 2
Coverage Sum assured Term Interest rate (p.a.) Annual premium3 Daily premium3
Single life S$600,000 30 5% S$778.54 S$2.13
Scenario 2
Coverage Single life
Sum assured S$600,000
Term 30
Interest rate (p.a.) 5%
Annual premium3 S$778.54
Daily premium3 S$2.13

1The sum assured prevailing will be paid at the time of death or upon total and permanent disablement, whichever is the earlier, in one lump sum, less any amount owing to HSBC Insurance (Singapore) Pte Limited.

2The total and permanent disability (TPD) coverage for this policy together with all existing TPD coverage extended by HSBC Insurance (Singapore) Pte. Limited and all other insurance companies for the life assureds shall not exceed S$5 million per life.

3The figures are for illustration purposes only. Insurance eligibility and premiums are subject to underwriting.

Apply now

Speak to our staff at any HSBC branch or your Relationship Manager or Personal Wealth Manager to take control of your future.

Call 1800-HSBC NOW (4722 669) or visit any HSBC Branch,

For all policy servicing related enquiries please call HSBC Insurance customer care hotline at (65) 6225 6111.

What else should I know?

As buying a life insurance policy is a long term commitment, an early termination of the policy usually involves high cost and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

More Information


MortgageProtector is underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No. 195400150N) and distributed by HSBC Bank (Singapore) Limited ("HSBC"). It is not an obligation of, a deposit in, or guaranteed by, HSBC.

This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. It does not constitute an offer to buy or sell an insurance product or service. A copy of the Product Summary is available and can be obtained from HSBC. A person interested in this product should read the relevant product summary for details and seek advice from your Relationship Manager before deciding whether to buy this product. Please also refer to the exact terms and conditions, specific details and exclusions applicable in the policy document.

Policy Owners' Protection Scheme

This policy 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. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC web-sites ( or


This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 31 May 2021.