Hi there

So i may have made an error in judgement when taking my housing loan.

My MRTT only covers 70% of the loan and the bank officer n an agent is trying to shill to me a separate life insurance to cover the balance.

I've already accepted the loan n the MRTT as is, already sign S&P n all.

The balance amount uninsured is about 200k.

The options now are

A) Take the life insurance which is one of those investment plans, so i can get up to 50k ish upon maturity if market is great n coverage amount doesn't reduce
Consider non-investment linked option

B) Get an increase for the mrtt (is this even possible?)
You signed up so it is not possible unless u refinance

C) Use the monthly payment to instead reduce principal and then use my ASB loan insurance (covers the full loan amount) to make up the difference.
This one I dont i understand...

Any advice?

Is that cheaper?