Mortgage Reducing Term Assurance (MRTA)
A Great Way To Reduce Worries About Your Home.
Pay off your outstanding home loan should the unexpected happen, with a decreasing face amount over time.
This is a Life insurance product.
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Purchasing your dream property is a huge celebration that comes with its own share of worries as well. Give yourself and your family peace of mind and stay protected with MRTA should any unfortunate events were to happen to you.
Key Features
Mortgage Reducing Term Assurance highlights:
- Provides protection at a reduced balance in accordance to 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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