Mortgage Decreasing Term Assurance 2.0 / Overdraft Level Term Assurance

• Protection Against Untimely Death or Disability
  In the event of untimely death or disability¹, the outstanding loan according to the Schedule of Sum Insured will be settled, leaving your family free from encumbrances. Dependents will be free from indebtedness in having to settle the mortgage on the house.
• Protect Your Family Home
  When your home loan is fully covered, your family members or dependents do not have to worry about non-payment of loan should the unthinkable happen to you. It protects your family / dependents from being evicted from the house.
• Additional Coverage for Accidental Death
  For the MDTA 2.0 plan, an additional 10% of the amount of insurance as stated in your Schedule of Sum Insured will be paid in the event of
  accidental death occurring within 90 days from the date of accident.
• Flexible Premium Payment Options
  You have the flexibility of paying the premium yourself or by obtaining a financial assistance from the bank.
• Guaranteed 24 hours Global Protection
  You will be protected 24 hours a day, anywhere in the world.
• Early settlement
  In the event that you choose to make an early settlement on your home loan, you have the flexibility of either continuing the coverage or surrendering the plan and receive the cash surrender value due to you at the time of surrender of the plan.

The description, benefits, exclusions, terms and conditions described above have been summarized and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the Certificate of Insurance.

• For Death: Suicide committed within 6 months from the effective date of insurance, whether sane or insane.
• For Disability¹: Attempted suicide while sane or insane and whether felonious or not, self- inflicted bodily injury, disorderly conduct or deliberate exposure to unnecessary danger; or injuries sustained while engaging in hunting, mountaineering, aviation² (except as a fare-paying passenger on a commercial airline), naval, military or aeronautical service, or racing (other than foot-racing) of any kind; or existing conditions at the effective date of insurance under the Master Policy.
• And other standard exclusions.

Notes:
¹ Also known as Total and Permanent Disability for MDTA 2.0 and Permanent Total Disability for OLTA.
² For MDTA 2.0, the exclusion for injuries sustained while engaging in aviation shall not apply to crew member on a commercial airline as well.

The description, benefits, exclusions, terms and conditions described above have been summarised and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the Certificate of Insurance.