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 Insurance Talk V6!, Everything about Insurance

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sl3ge
post Jul 6 2020, 06:49 PM

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Hi guys
I am getting a 200k house loan and the mrta being offered for 200k is rm6500 (25 year) & my age is 34 non smoker.

Wonder if i go buy an basic cheap life insurance 200k for 25 year will the bank accept?

And usually how much will the cost of the insurance in this case?

Thanks
sl3ge
post Jul 7 2020, 01:17 PM

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QUOTE(tyenfei @ Jul 7 2020, 12:11 PM)
depending how you learn the information.

Bank MRTA cover for bank loans only.
Self insurance will pay to you or family according to what you plan.

Term life cheaper than ILP life. But less benefits.
If budget allow, go for ILP life.

Anyhow, low better than zero smile.gif
*
i got Ilp medical card already.
Just looking for any other replacement for mrta.

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