Manulife Home Protector

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Home Protector is a non-participating reducing term plan designed to provide insurance protection on a mortgage loan. The insurance protection decreases each month from the initial Policy Sum Insured based on a chosen interest rate. This plan has no cash value. This plan is available as cash plan only.

  1. Protection for death, terminal illness as well as total and permanent disability with a lump sum benefit payout
  2. Premium ceases for the last 3 years of the policy while coverage continues
  3. Flexibility to choose your preferred interest rate and the length of the policy term
  4. Add supplementary benefits to provide additional benefit and protection

This plan is underwritten by Manulife and acceptance of the proposal is subject to underwriting. Buying a life insurance is a long- term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Customers are advised to approach a SBI financial adviser for more information and advice on any life policy plan listed in this website.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by SBI and it should not be relied upon as such. SBI does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. SBI shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

  1. Entry Age: 21 – 60 years (last birthday)
  2. Policy Term: 10– 35 years; Note: Entry age + Term <= 70 years (last birthday)

Please speak to our Relationship Managers for more information on the premiums charged

  1. Application form
  2. Benefit Illustration
  3. Personal Financial Review
  4. A copy of loan agreement for underwriting, where applicable

Walk in to any of our branches to talk to our Relationship Managers