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Your home is both your largest asset and liability. In the event of death, terminal illness1 or total and permanent disability, be assured that your outstanding home loan can be adequately covered with eDecreasingTerm.
- Select a coverage amount between S$150,000 and S$500,000, to safeguard your home if the unexpected happens. As you finance your home loan, your coverage under eDecreasingTerm will reduce as well
- The reduction in coverage depends on:
- How long you would like to be covered for (policy term). This typically matches your home loan tenure
- The decreasing rate you choose, between 1% to 5%. This typically matches the interest rate on your home loan
Find out more about the features and exclusions of this policy.
For a limited time only, receive 8% lifetime premium discount* on eDecreasingTerm. Simply enter promo code ‘8EDTP’ on the Payment Details page during your application.
Get insured with eDecreasingTerm and receive an 8% lifetime premium discount*! Simply enter promo code ‘8EDTP’ on the Payment Details page during your application.
You will continue to receive the 8% premium discount for as long as you hold your policy.
What’s more, earn up to 4.1% p.a. on your DBS Multiplier Account with eDecreasingTerm. No minimum regular premium amount and earn bonus interest for 12 months consecutively. Find out more.
Terms and conditions apply, please refer to Product Summary for specific definitions.
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.
The information herein is published by DBS Bank Ltd (“DBS Bank”) and is for general information only and should not be relied upon as financial advice. This publication may not be reproduced, or communicated to any other person without prior written permission. This website does not take into account the specific investment objectives, financial situation or needs of any particular person. Before entering into any transaction involving any product mentioned in this website, where applicable, you should seek advice from a financial adviser regarding its suitability for your own objectives and circumstances. If you choose not to do so, you should make an independent assessment and do your own due diligence on the product. This advertisement has not been reviewed by the Monetary Authority of Singapore. The website herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
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 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 (www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 1 June 2023.
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.