MRTA VS MLTA

Lim Zhi Xuan

017-5842738

Slide Title

2

If today I bought a house , and I would like to have an insurance to protect my loved ones from the housing loan if anything happened to me unfortunately

​

Which should I choose?

3

Sum Assured

Reducing

No change

Beneficial and ownership

Bank

B: my loved ones

O: me

Premium

MRTA

(Reduce house insurance)

MLTA

( Life insurance)

This is cheaper

4

Loan : RM500K

Insurance Cover : RM500K

10 years

Loan : RM200K

Insurance Cover : RM500K

Loan : RM500K

Insurance Cover : RM500K

10 years

Loan : RM200K

Insurance Cover : RM200K

What if this person passed away unfortunately!!

5

Loan : RM200K

Insurance Cover : RM500K

​

Bal: RM300k

Loan : RM200K

Insurance Cover : RM200K

​

Bal : 0

Loved ones still got RM300k to support their life!!

Apa pun tak ada sorry

MLTA

MRTA

6

MLTA

• Brought forward benefit , if you buy another house with same amount of loan after first house done paying, this insurance could be use to the new house, no need apply for new insurance cover

​

• After you done paying your housing loan, this could treat as normal life insurance, if you unfortunately pass away, your loved ones still get the covered amount!

​

​

7

Thank you