Hi all sifu do you know how much is the mtra for a 750000rm loan?

Hi 35year old, non smoker, 30 years. By the way is it a one time payment of 20k? And what happened if i sell off the property? Tks

Noted. Your calculation for MRTA is as shown below. However, keep note that all banks will have their MRTA premium calculated differently. This is just a guide.

MRTA is always paid in 1 lump sum; the only differences is between you financing the cost into the loan VS you pay for it by yourself. 

Also, I can help you with MLTA. MRTA is usually financed into the loan since you have to pay it in lump-sum, thus will incur interest. It is also absolute-assigned to the bank, which means the bank owns the policy although you paid for it; the insurance payout/claims is payable to your loan account though, so you (your beneficiaries) still own the house that is not encumbered (mortgage fully paid off) anymore. MLTA is yours, that you can carry it wherever you are, not tied to any loan facilities at all. In the even of death, TPD, and critical-illness, the claims are payable to you and/or your family to decide whatever you want to do with that money.

Usually it is between paying off the mortgage in full VS pay it as normal and reinvest the money elsewhere. It is up to you, unlike with MRTA