Mortgage Insurance

Safeguard your mortgage payments with your choice of 3 plans

Mortgage insurance is term life insurance that provides a lump sum to pay off your mortgage in case of the unexpected. With our range of mortgage insurance plans, you can:

  • Keep your dream home and maintain your family's lifestyle
  • Reduce your family's financial burden
  • Reduce the amount of capital you may lose

Mortgage Reducing Term Assurance (MRTA)

A single-premium reducing term assurance which helps to pay off the remaining balance of the housing loan should something unexpected happen to the borrower.

  • One-time payment to cover the entire duration of the loan
  • Helps prevent serious financial liability for your family should the unfortunate happen to the borrower, such as death or total and permanent disability.
  • Option to attach critical illness, accidental death benefit and refund of premium rider

Age between 17 years and 68 years at the next birthday.

Mortgage Level Term Assurance (MLTA)

A single-premium level term assurance that helps to pay off the remaining balance of the housing loan should something unexpected happen to the borrower.

  • One-time payment to cover the entire duration of the loan

  • Level sum assured is payable across all policy years.

  • Option to select a “Refund of Premium” rider upon policy maturity.
  • Helps prevent financial liability for your family should the unfortunate happen to the borrower, such as death or total and permanent disability

Age between 17 years and 68 years at the next birthday.

MaxHome Sure

A specially designed reducing term assurance plan that can be tailored to suit your needs.

  • A flexible limited premium payment term of 5 or 8 years
  • Choose a coverage term of 10, 15 or 20 years to suit your financial needs during the mortgage-paying years
  • Guaranteed premium refund at maturity if the optional refund of premium rider is attached, if no claims are made during the term of the policy
  • Fixed premium rates

Age between 17 years and 60 years at the next birthday.


Want to know more about our insurance products?

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Important notices

  • Disclaimers

    Disclaimers

    The above is for general information only and does not constitute any offer or solicitation or advice to buy or sell any insurance plans. It is not a contract of insurance. The precise terms, conditions and definitions of this insurance plan are specified in the policy contract. Insurance plans are not bank deposits and are not obligations of or guaranteed or insured by OCBC Bank (Malaysia) Berhad (“OCBC Bank”). These insurance products are obligations only of the insurance company and all claims and liabilities arising from the insurance products shall be referred to insurance company.

    Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premium paid. You should read the Product Brochure and Sales Illustration (obtainable from OCBC Bank) and you may wish to seek advice from your financial advisor, before deciding whether to buy this product.

    OCBC Bank hereby disclaims any liability for any loss or damage (including without limitation, loss of income, profits or goodwill, direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties) howsoever arising whether in contract, tort, negligence or otherwise in connection with the above plan or any products or services provided or offered by insurance company. OCBC Bank does not endorse or recommend any products or services offered, or represent or verify any information given by insurance company. Other terms and conditions apply. For the full terms and conditions, please refer to any OCBC Bank branches.