At 39 years, yes your family will get 1.5mil and a house because your loan balance only left one year to pay and assume it can be neglect.

If you die at 1-10th year lets say, your family only get a house because they need to use the 1.5mil to pay off your loan (they can keep some balance after pay off the loan because your loan will be >1.5mil). Or they can keep the 1.5mil cash and use it to pay the installment slowly. Of cause do note that 1.5mil will not enough to pay for remaining installment tenure due to interest.

You may click my siggy below to get some example of different MLTA quotation for comparison with scenario.

Will work out the sample quotation base on TS scenario when I reach home. Everyone feel free to comment about it later.

MRTA premium > RM100k!?  Tak mungkin lar bro.

Until now still no party or authorities can 100% confirm it's terrorist attack right? (Although we all know it is)

By right if comfirm terrorist attack, no compensation will be paid. Imagine if a terrorist bom drop at a town, I think no insurance company will able to handle the compensation claim.

Currently all insurance company just pay out purely by humanity. As some of the victim even didn't found the body and by right need many procedure to get the death cert to be able to claim.