Should the unexpected happen, MortgageCare is a home loan insurance plan that covers your remaining mortgage payments, so that your loved ones will continue to have a roof over their heads. Plus, you'll pay unchanging premiums only for limited years, while your protection continues right through the plan term.
In the event of death – or disability before you reach 65 years of age – your family will receive a lump sum amount that’ll help pay off the mortgage.
If you and your spouse are co-owners of the house, a joint-life MortgageCare plan will ensure mortgage settlement if anything happens to either of you.
For even greater assurance, you can opt to also be covered against 37 critical illnesses with the MortgageCare (Living Assurance)1 plan.
You don’t need to worry about rising costs – your premium remains unchanged throughout the limited payment term, while your protection continues right though the plan term.
Personal accident: To enjoy comprehensive coverage against accidents, consider Essential Protector Plus.
Talk to your Great Eastern distribution representative to see which insurance solutions are right for you. No Planner yet? Simply browse through our list of distribution representatives.
No. 17 & 18
Block B, Bangunan Habza
Simpang 150, Kampong Kiarong
Bandar Seri Begawan
Please do take note of the below to ensure you fully understand what this product does and does not cover. If in doubt, contact your Great Eastern distribution representative or have us call you back.
1 Premiums are not guaranteed and may be adjusted based on future experience.
* Based on MortgageCare Joint Life – Series 2 plan for a male, non-smoker, and spouse who is a female, non-smoker.
† Sum assured of $400,000 is at the point of plan purchase and reduces at the rate of 5% p.a.
All ages specified refer to age next birthday.
This policy is only for Brunei Citizens/Permanent Residents (PRs). If your not a Brunei Citizen/PR, you have to meet certain residency requirements before you can apply for a policy or renew it.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost.
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
Information correct as on 27 February 2015.