I have few queries about MRTA

1. If I under insured of my loan amount by 20% from day 1. Will my sum insured perpetually 20% below loan outstanding?

2. if I managed to pay loan few years in advance, will the sum insured base on outstanding loan amount or maintain as per schedule reduce loan outstanding

3. If I managed to fully paid the loan 10 years in advance, will I get back the premium for the said 10 yeats

This post has been edited by loui: Oct 11 2023, 10:15 PM