Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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 Jan 15 2018, 09:59 AM
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#1
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Junior Member
261 posts Joined: Sep 2010  
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Hi guys. Need your advise whether MRTA does cover for disability?
Lets say someone just bought an under construction house. After few months of progressive payment, the person having an accident and suffered from a permanenet disability. Is there any coverage on this? |
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Jan 15 2018, 11:52 PM
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#2
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Junior Member
261 posts Joined: Sep 2010
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QUOTE(onnying88 @ Jan 15 2018, 10:48 PM) Yes, Mrta does cover death and TPD ( total permanent disability). thanks for the advise.But some mrta only start effective after full drawdown of the loan. Some agent/banker will ask you want to cover start from progressive or from full drawdown during sign up but I know there is a lot people didn’t notice or care on the effective date during signing the loan with mrta. You may look at the mrta policy to get the detail. If you not sure you may just bring the mrta policy back to the insurance company to check and confirm.  however, if the mrta/mrtt effective during during the construction period, how do the bank determine the coverage amount for TPD? is it base on %? |
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Jan 16 2018, 10:39 AM
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#3
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Junior Member
261 posts Joined: Sep 2010
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QUOTE(onnying88 @ Jan 16 2018, 09:40 AM) There is a payable table in your mrta policy for different TPD claim. I see..ok..tqvm for the advise..If cannot found in policy then you need to call or check with the insurance company already. |
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