Personal

Business

Mortgages

MortgageCover (this is an insurance product)

Features

Lump Sum Repayment1

MortgageCover pays a lump sum towards repayment of the outstanding mortgage loan in the event of death or total permanent disability.

24-Hour Global Coverage

We offer 24-hour worldwide coverage through MortgageCover.

Additional Financing

In some cases, we finance your mortgage life premium as part of your loan.

Additional Discount

Enjoy a 20% discount2 on your joint life application if your home is jointly owned by your loved ones.

1 Customers who opt for a sum assured lower than their loan amount will be responsible for the remaining loan balance in the  event of an unfortunate incident. It is therefore advisable to enrol with a sum assured equal to the loan amount to ensure full coverage.

2 A 20% discount on the single premium (basic plan only) is offered for the younger of the two lives assured.

Details

Protect Your Home, Your Loved Ones and Your Lifestyle
  • Give your loved ones the security of a home, no matter what happens.
  • Enjoy 24/7 worldwide protection throughout the coverage period.

Disclaimers

  • MortgageCover is underwritten by Prudential Assurance Malaysia Berhad 198301012262 (107655-U) and distributed by Standard Chartered Bank Malaysia Berhad 198401003274 (115793-P) (“Bank”). The Bank accepts no responsibility or liability for the insurance products offered through this platform and any policy related services which are solely offered by Prudential Assurance Malaysia Berhad 198301012262 (107655-U).
  • Prudential Assurance Malaysia Berhad is a licensed insurance company and is regulated by Bank Negara Malaysia. Prudential Assurance Malaysia Berhad is responsible for the products and benefits offered by them, as well as any representation made in any of their marketing materials.
  • This content contains only a brief description of the product and is not exhaustive. You are advised to visit any of our branches and ask for a Product Disclosure Sheet and Sales Illustration before purchasing a plan, and to refer to the terms and conditions in the policy contract for details of the important features of the plan.
  • You should assess the affordability and suitability of the product (including supplementary benefits) that best suits your personal circumstances in relation to your financial goals and risk appetite. To achieve that, we recommend that you speak to your Bank Representative who will perform a needs analysis and assist you in making an informed decision.
  • You can surrender the certificate at any time. However, if you terminate the certificate, you may get back less than the amount you have paid in. Upon surrender, a surrender value will be payable and all benefits under this plan will be terminated. There is a free-look period of 30 days after the certificate has been delivered to you to allow you to review it if it meets your needs. If the certificate is cancelled within this period, PAMB will refund you the premiums and taxes (if any) that you have paid, less any medical fee incurred.
  • Any age reference shall be on the basis of Age Next Birthday.
  • The benefit(s) payable under eligible certificate/policy is(are) protected by Perbadanan Insurans Deposit Malaysia (“PIDM”) up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visithttp://www.pidm.gov.my).

Useful Information

Main types of Insurance Plans

 

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