I am being offered HSBC Amanah Takaful as alternative to MRTA.

- 320k flat coverage for 25years, covers death and tpd
- annual premium 800 (abt 1000 if you want to cover critical illness as well)
- can surrender the policy if settle the loan early or can transfer to another loan (according to bank) or can continue for your own proctection
- little or no surrender value after 25 years (depending on investment performance)

im wondering if there is any catch, the premium seems low compare to term life insurance

i'm looking for this type of protection. can share with me the sales contact ?

i went to HSBC damansara utama and talked with their loan department

u can also find more info here:
http://www.hsbcamanah.com.my/1/2/amanah/pe...ector-plus-plan

what is your package ? i see your premium is attractive for 320k coverage. I also checking with other insurance company, it cost me at least 4K per annum to get 400k protection le

basically it just covers death and tpd, and critical illness coverage is optional. Nothing more, don't hope to get any money when you surrender the policy.

Hi, i'm can provide MRTA or MLTA if anyone interested.

Pm me your D.O.B and loan amount and i can give you different quotation of MLTA available.

Here is one of the example
D.O.B = 1/1/1985 (age 25)
Loan amount = RM320k
Coverage = RM320k flat for 25years
Cover for death and TPD
MLTA premium = RM755.20/year