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 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

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.