Mortgage Level Term Assurance (MLTA)
Level Sum Assured For Constant Protection.
Cover your remaining home loan in the event of the unexpected, with a level face amount over time.
This is a Life insurance product.
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MLTA gives you the assurance you need to ensure no property investment goes to waste should you suffer from an incident. It is specially designed to offset your outstanding loan in the event of death or Total and Permanent Disability.
Key Features
Highlights of Mortgage Level Term Assurance:
- Provides level protection for added security on your outstanding loan amount.
- Offsets your outstanding loan in the event of death or Total and Permanent Disability.
- One single premium payment to cover the entire loan tenure.
- Option to finance the insurance premium into loan facility.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) brochure or contact Manulife Insurance Berhad or PIDM (visit www.pidm.gov.my).
DISCLAIMER FOR BANCASSURANCE PRODUCTS
Before purchasing the insurance policy, you are advised to refer to the terms and conditions in the Product Brochure, Product Disclosure Sheet and Product Illustration for details of the important features and major exclusions of the insurance plan.
This insurance product is underwritten by Manulife Insurance Berhad (200801013654 (814942-M)), a licensed insurance company regulated by Bank Negara Malaysia and is distributed by Alliance Bank Malaysia Berhad (“Bank”) (198201008390 (88103-W)). The Bank accepts no responsibility or liability for the plan or the products and services offered by Manulife Insurance Berhad.
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