Donno about all these MIA and MLTA, sounds very not worth it for me.

If want life insurance, get a proper life insurance. For house insurance MRTA is good enough.

I think these MIA and MLTA are sort of not good deal, because I guess they end when you finish pay the loan. But that's the time you really need life insurance. Product packaging guys comes out with smart products like these, tie with house loan, because generally loan only last until retirement age, and within this period most people don't get sick