You wouldn't get back all, only part of it. If you really sure will stop after 5 years, I suggest you just take MLTA for 5 years tenure. Only cost RM786/years for RM437k coverage.

Hi thanks for the reply.
Anyways i have a situation when i dont have any personal insurance for myself.
So im thinking of buying MLTA + medical card.
Do u think it is enough?
Or should i buy Life insurance as well?

Hi,

I am looking for a MRTA for my housing loan. Loan amount RM125240, 30 years. Property is under construction.

Also, it seems like there are other options like MLTA. Not sure which is more advantageous. Hopefully, someone could provide me some figures eg. projection, simulation.

Kindly please quote me.

Thank you.

Regards,
Ng

You may combine all of it or choose to get it seperately. Some MLTA can be use as your life insurance as well, so you can get it now as MLTA and later on continue to use it as your Life Insurance.

---

Added on May 4, 2010, 12:14 pmMay i know your DOB? i can send you some quotation for MRTA and MLTA as well with explanation for both pros and cons.

This post has been edited by onnying88: May 4 2010, 12:14 PM

Hi,

Pls give me a quote for MLTA.
Age 34
Coverage: RM500k
Tenure: 15/20/25 years
Basic plan (death & TPD) & also include critical illness
Thanks.
My email is thinakarant@gmail.com

Pm you already.

Can somebody pls quote mee too: MLTA.
Age 41
Coverage: RM200k
Tenure: 20/25 years
Basic plan (death & TPD) + critical illness
Thanks.

Hi,

Pls give me a quote for MLTA and MRTA (Pros and Cons).
Age: 26
Coverage: RM250k
Tenure: 30/35 years
Basic plan (death & TPD)
I do have own medical card and personal life insurance.
Thanks.
My email is

This post has been edited by silverong: Oct 7 2011, 04:33 PM

Hi all

Can someone give me a quote for MLTA and MRTA (Pros and Cons).
Age: 30
Loan: RM400k
Tenure: 25/30/35 years
Basic plan (death & TPD)
My email is ryan_yapsp@hotmail.com

the property is join name with my wife (same age), so we should buy individual MLTA & MRTA for each person .. right?

Pls give me a quote for MLTA.
Age 28
Coverage: RM500k
Tenure: 225/30/35 years
Basic plan (death & TPD) & also include critical illness
Thanks.

so lame to copy n paste..but thats the best. straight to the point.
i'm in the middle of securing a ds terrace.

so i'm in need of MLTA quotation from any brokers out there.

Age 30
Coverage: RM290k
Tenure: 15/20/25/30/35/40/45 years
Basic plan (death & TPD) only.
Thanks.

the house is joint named but i am the only 1 serving the loan. so, no need 2 MLTA rite??

pls pm me. many thanks.

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Added on June 14, 2010, 11:03 pmcover 220k @ 20yrs @ rm2321/year? so cheap!
i got quotation ING: cover 250k @ 55yrs @ 25xx/year
guaranteed return ony at 55yrs = 250k (paid 23xk sumthing2)
if surrender @ 20yrs sum paid is higher than return sum.

why so big difference?

This post has been edited by yuszairi: Jun 14 2010, 11:05 PM

For Male, age 30 (1980), cover for RM250k, death and TPD, tenure until age 100. (same premium for 15yrs,30yrs until 70years)

Yearly Premium = RM2712.50

Guaranteed Surrender Value at
15 years = RM42,770 (Total Paid = RM40,687.50)
20 years = RM63,345 (Total Paid = RM54,250.00)
25 years = RM85,385 (Total Paid = RM67,812.50)
30 years = RM108,348 (Total Paid = RM81,375.00)
35 years = RM131,463 (Total Paid = RM94,937.50)
40 years = RM153,335 (Total Paid = RM108,500.00)
45 years = RM172,735 (Total Paid = RM122,062.50)
50 years = RM188,608 (Total Paid = RM135,625.00)
55 years = RM201,398 (Total Paid = RM149,187.50)

Different company have different charges, so it's better to compare every product available before decide which to get.
Do let me know if you interested on this MLTA. Will give you special rebate or freebies if you get MLTA from me.

nice!
now only known from ING and HLA. others?? i dunt even know which other insurance company got MLTA product..insurance company i know la.AIA, ING, AIG, MAA, MNI..else i dunno.

so how to compare?? got any other broker could propose their package here??

can please quote me for all MRTA/MLTA or whatever mortage insurance?
and please list out pro & cons for each type? preferable to post in this thread, so other ppl can read as reference

age: 26 female
loan amount: 138500 @ 30 years

---

Added on June 16, 2010, 3:51 pmif i settle the loan in 15 years. for MRTA, how much surrender value i get back? how about MLTA?

This post has been edited by vandoren: Jun 16 2010, 03:51 PM

MLTA is another term of life insurance. That's why you can note the plan feature, premium, coverage & return (cash value) may vary for every insurer.

Before you opt for MRTA/MLTA, you need to consider about your future plan:-
1) Will you refinance your house in couple of yrs?
If yes
MLTA - is not affected / transferable (it cover the insured, not the loan)
MRTA - will burnt / not transferable (only cover the existing loan)

2) Will you purchase a new house in future?
If yes
MLTA - just need to top-up to cover your new loan & existing loan. Eg : MLTA 200K, Existing loan 200K & outstanding balance 100k, new loan 300K, you just need to top-up the sum assured of another 200K.
MRTA - need to buy for the whole loan amount again. Eg: Need to buy MRTA 300K for new loan although you have existing MRTA of 200K.

3) Are you finance MRTA into your loan?
If yes, then you need to pay the interest. Eg : Loan tenure 30 yrs, Rate = BLR -1.9%, MRTA = 10K. Imagine extra interest u need to pay extra on 10K = 10K x 4.15% = RM410.50 yearly
If no, you can pay MLTA by monthly, quaterly, semi-annually or annually. The premium you paid will not much different if compare to MRTA with the effect of compounding interest if you finance it into loan. Meanwhile, you can cash out the policy around year 20 (year 20 you will get back almost 100% of the premium paid) to settle your loan. Thus, you can save the interest on the loan & shorten the repayment tenure without taking out your EPF money.

Btw, I'm a mortgage broker and we work closely with various bankers to help our client to secure the loan without any charges. You can email your name, age & loan amount and we can propose to you the best suited package for loan & MRTA/MLTA.

Pls feel free to email me at khhong88@gmail.com if you need to know more.

can I know how much MRTA or MLTA need to pay for loan 430K, tenure 40 years?

Can anybody PM quotation for Loan amount RM220k, current age 29, loan tenure 35years, property under construction, Quotation for both MLTA & MRTA. Assume will refinance in future and brought a new house. many thanks

This post has been edited by deschan100: Jul 3 2010, 06:35 PM

Hi brokers

Pls give me a quotation for MLTA.
Age 28 (April 2010)
Loan: RM280k
Tenure: 25/30/35 years
Basic plan (death & TPD) & also include critical illness
Thanks.

the loan under 2 names (my wife and me, both age 28).
My email : soboxcorp@yahoo.com

Hi,

I am looking for insurance (MRTA/MLTA or other variances)..
Age 27 (Sept 2010)
Loan: RM341 (loan under 2 names)
Tenure: 20/25/30 years

Please PM some products & quotations please. Thanks.

Can anyone quote me for MLTA ?
Age: 30
Loan Tenure: 30 years
Basic plan (death & TPD) & also include critical illness
Please also provide option for 20/25/25 years.
Loan Amount 510K.

Thanks,