MLTA property insurance VS personal Life insurance
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 Jul 31 2013, 01:41 PM
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#1
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Junior Member
76 posts Joined: Jul 2013 From: KL  
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QUOTE(acrylic_26 @ May 10 2013, 09:24 AM) So if i already had life insurance, no need to buy MLTA? just take MRTA to cover the house right? There are a lot differences between MRTA and MLTA. I believed you are not familiar with the differences. One of the difference is, MLTA does have fund value but not MRTA, the money u paid will become 0 when end of loan tenure and the value will depreciate. |
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Jul 31 2013, 01:43 PM
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#2
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Junior Member
76 posts Joined: Jul 2013 From: KL
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QUOTE(s@ni @ Jul 30 2013, 06:18 PM) for exemple if i took life insurance with any insurance provider, and insure higher (to cover home loan, house loan, and expenditures for family), i dont needs to take MLTA nor MRTA, is it? You can say so... I agreed with it... But I will evaluate the sum assured every year because our liabilities will increase as well.... |
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Jul 31 2013, 08:16 PM
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#3
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Junior Member
76 posts Joined: Jul 2013 From: KL
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QUOTE(s@ni @ Jul 31 2013, 01:55 PM) if we re evaluate the sum assured, means that we change the contract, isnt it? so if i took my own life insurance, will the bank take into the consideration this life insurance to offer best interest? or they wont look at it, and offer high interest due to no MRTA/MLTA? U can actually call up to your insurance company And increase the sum assuredwif t&c. Won't affect the interest rate either u buy from insurance company or the bank but as now I know, PBb offering the best rate but u must purchase MRTA from them. There is no rules from Bank Negara stated that we must buy it from the bank. |
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Aug 6 2013, 09:11 PM
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#4
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Junior Member
76 posts Joined: Jul 2013 From: KL
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QUOTE(ilovecsk @ Aug 6 2013, 08:43 PM) I'm 24 now and non smoker, do you think I can request lower, say 1k/year? Aia offer lowest premium at rm1800/annu , maybe u can ask the agent to increase the sum assured...Thank you very much for your quick reply, really appreciate it. |
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