Jun 4 2019, 10:01 AM
QUOTE(blindmutedeaf @ Jun 4 2019, 09:55 AM)
MRTA cover till 30 years only.
MLTA can transfer to another house.
Good side of MLTA is if fall sick ( high blood pressure, diabetes etc) we no longer can get insurance product at least the one you got when still healthy still can xfer to other houses.
Bad side is it is expensive
MRTA is not fixed must cover the whole loan period. MLTA can transfer to another house.
Good side of MLTA is if fall sick ( high blood pressure, diabetes etc) we no longer can get insurance product at least the one you got when still healthy still can xfer to other houses.
Bad side is it is expensive
The tenure and sum insured amount you can discuss back with the bank.
Anyway, even if you covered whole 4 years under construction period + 35 years repayment period, you can still get cash out known as "surrender value" when you sell your house. You are not rugi here for taking insurance to cover entire period. As compare to another person only cover 5 years, coz at the end of 5 years, he will sell the house.
Quote
0.0156sec
1.26
6 queries
GZIP Disabled