Mortgage Protection
At Fintech Insurance, we understand that your home isn’t just your biggest investment - it’s your family’s foundation, comfort, and future. Our Mortgage Protection Plans ensure that your loved ones never lose their home, even if life takes an unexpected turn.
A mortgage is often one of life’s largest financial responsibilities. Without a proper plan, your family could face the burden of repayments alone.
With customized coverage designed to pay off or cover your mortgage in case of death, disability, or critical illness, Fintech helps you protect your home, your family’s security, and your peace of mind.
Why You Need Mortgage Protection
A mortgage is often one of life’s largest financial responsibilities. Without a proper plan, your family could face the burden of repayments alone. Here’s why mortgage protection is a wise financial decision:
- Ensures Home Ownership Continuity — Your loved ones keep their home, no matter what happens.
- Pays Off Remaining Mortgage Balance — The plan covers or clears the outstanding loan amount.
- Safeguards Family Finances — Prevents your dependents from bearing loan EMIs.
- Covers Disability or Illness — Income protection when you can’t work.
- Complements Your Life Insurance — Tailored to your mortgage rather than general coverage.
Fintech’s advisors design plans that are affordable, flexible, and aligned with your specific mortgage structure.
Benefits of Choosing Fintech
We ensure that your family can stay in their home without financial strain, even if your income suddenly stops.
- Tailored Coverage — Designed specifically for your home loan and financial profile.
- Affordable Premiums — Get comprehensive protection without straining your budget.
- Family Security — Ensure your loved ones never lose their home.
- Expert Guidance — Licensed advisors to walk you through every step.
- Fast Claims Process — Hassle-free claim support when it matters most.
- Trusted Providers — Partnerships with leading insurers for reliable protection.
Some Questions Answered
How is mortgage protection different from regular life insurance?
Life insurance provides general coverage for your family’s expenses, while mortgage protection insurance specifically ensures your home loan is paid off - protecting your family’s home directly.
Who receives the payout - my family or the lender?
It depends on the policy structure. In some cases, the lender is paid directly to settle the loan; in others, your family receives the payout to manage payments as needed. Fintech helps you choose the right setup.
Do I need mortgage protection if I already have life insurance?
If your life insurance doesn’t cover your outstanding mortgage, or if it’s intended for other purposes (like income replacement or education), a separate mortgage protection plan is recommended.
Can I add critical illness or disability cover to my plan?
Yes. Fintech offers comprehensive add-on benefits to cover major illnesses, total disability, or income loss - ensuring complete protection.
Does the coverage reduce as I pay off my mortgage?
Yes, in a decreasing term policy, coverage decreases in line with your loan balance. This ensures you pay only for what you need.
What happens when I fully repay my mortgage?
Once your mortgage is cleared, your coverage ends - or you can convert it into a personal life insurance policy for continued protection.
Can I transfer my mortgage protection plan if I refinance my loan?
Yes. Fintech can help you transfer or adjust your coverage when refinancing or switching lenders.
How much does mortgage protection cost?
Premiums depend on your age, loan amount, health, and policy term. Fintech ensures you get the best value through comparisons across trusted insurers.
What if I sell my home before the term ends?
You can either cancel the plan or transfer it to your new mortgage, depending on your policy terms.
How do I get started?
Contact Fintech’s advisors for a free consultation. We’ll assess your mortgage details and design a tailored protection plan that fits your needs and budget.