At a Glance

Covered for death, total and permanent disability and terminal illness


Choose your coverage amount from S$150,000 to S$500,000


Apply online. Just answer 3 simple questions, no health check-ups required

eDecreasingTerm is applicable for all Singapore Citizens, Singapore Permanent Residents and those residing in Singapore between 18 to 50 years old.

eDecreasingTerm is an affordable home loan coverage to protect your dependants if the unexpected happens.

Apply now


Features & Benefits

  • Comprehensive Coverage. Be covered against death, terminal illness1 and total and permanent disability up to S$500,000.
  • Customise your plan. Choose from a coverage amount between S$150,000 to S$500,000 to ensure your home loan is adequately covered.
  • Coverage to suit your needs. Choose a decreasing rate between 1%, 2%, 3%, 4% and 5% to match your mortgage loan interest rate.
  • Affordable Premiums: Start from only S$7.11/mth2. Premiums will remain level throughout the policy term.
  • Flexible Policy Term. 5 years or between 10 to 35 years inclusive.
  • Easy Application. Just answer 3 simple questions about your health online; No health check-ups required.

Terms and conditions apply, refer to the Sample Policy Contract for more details.

Is your home fully protected?

In addition to eDecreasingTerm, here’s a checklist to ensure your home has complete coverage against the unexpected:

  • Fire Insurance: Covers the structures of your house – walls, structural pillars and permanent fixtures.
  • Home Content Insurance: myHome Protect II covers the interiors of your home – loss or damage of home contents and renovations as a result of unfortunate events such as fire, burst water pipes or theft.

How It Works


How to Apply for eDecreasingTerm

No wait, no hassle. Your details are pre-filled when you apply on digibank

Talk to our Wealth Planning Managers

POSB Inflation

Protect yourself so that you don’t have to worry about unforeseen circumstances, while you deal with inflation. Interested to find out about other ways to cope with inflation?

Learn more


Get more Benefits

Earn bonus interest on your DBS Multiplier Account with all Manulife protection or endowment plans distributed by DBS. Find out more.

  • No minimum regular or single premium amount
  • Pay with cash or SRS^
  • Earn bonus interest for 12 months consecutively

^Selected policies only


Frequently Asked Questions

Level Term Insurance: Your coverage amount is fixed over the policy term. Your family will receive a payout of the coverage amount if an unfortunate event happens to you.
Decreasing Term Insurance: Your coverage amount decreases at your chosen decreasing rate over the policy term. Your family will receive a decreased coverage amount if an unfortunate event happens to you.

For this reason, premiums for the decreasing term insurance are lower than that of the level term insurance.

Decreasing rate for this policy refers to the rate at which the Coverage Amount decreases over your chosen Policy Term. This is typically chosen such that it is the same as the interest rate charged on your home loan. eDecreasingTerm offers a choice of interest rate - 1%, 2%, 3%, 4% and 5%.

Your joint applicant for your home loan can apply for this policy on his/her own. Alternatively, you may approach our Wealth Planning Managers at any DBS/POSB branch for joint application.

Foreigners who are Singapore permanent residents may apply. Do refer to the Frequently Asked Questions relating to Eligibility & Underwriting.

No, this product does not have cash value or surrender value as it is a pure protection plan. You may write in to to terminate your policy.

If you have further product-related enquiries, please email Manulife at If you are facing technical difficulties, you may explore our live chat service in DBS/POSB digibank online.
 Refer to the Frequently Asked Questions for more details.


1 Terminal Illness (TI) is defined as an illness, which in the opinion of a medical examiner and on agreement of our appointed medical examiner, is likely to lead to death within 12 months from the date of diagnosis. In the event of TI during the policy term, the Death Benefit will be advanced in a lump sum.
2 This premium amount is calculated based on a male non-smoker aged 18 with coverage amount of S$150,000 and decreasing rate of 1% for a policy term of 10 years.

In Collaboration with Manulife

eDecreasingTerm is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS. This advertisement has not been reviewed by the Monetary Authority of Singapore.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the 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 Manulife or visit the Life Insurance Association or SDIC websites ( or

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Information is correct as at 12 September 2020.

DBS Insurance Important Notes

Important Information

Thank you. Your feedback will help us serve you better.

Was this information useful?

That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?
Enter only letters, numbers or @!$-(),.