Академический Документы
Профессиональный Документы
Культура Документы
com
SUBSCRIBE g +1 THIS
TWEET
SHARE
UOBLogo
There are definitely plenty
GetRM50PetrolVoucherWithUOB
of insurance plansPersonalLoan!
out
there. You can insure
anything from your car to
UOBPersonalLoan
your pancreas and lately
even your pet cat.GetRM50PetrolVoucherWithUOBPersonal
But
Loan!
more commonly, you can
also opt to insure yourFinancinguptoRM100K
FlexiblePaymentTenure
mortgage or as its widely
known; home loan.
20151029ExclusiveAllthebestcreditcard
What is the point of
insuring your home Latest
loan? Posts
Well, typically its Personal
to pay off
finance tips to help you manage
your loan in the your budget and stay ahead of the banks.
unfortunate event that you Personal Accident
cant. Usually, death and Insurance Explained
permanent disability are
the events that these
insurance policies cater to so you cant use it if youre simply 4 Reasons Why You
down on your luck and out of work. Or just lazy. Need More Than One
Savings Account in
But we digress. If youd like to insure your mortgage and Your Life
protect your family from losing their home to credit collectors
when you pass on; this is the product for you. But as with any
kind of insurance; mortgage insurance also come in different
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 1/7
11/2/2015 HowToInsureYourHomeLoan:MRTAorMLTA?RinggitPlus.com
types. At present, there are two: the Mortgage Reducing Term Senior Graphic
Assurance ( MRTA) and the other one is the Mortgage Level Designer
Term Assurance ( MLTA).
To start you off; we made a super simple chart to show you the
differences between the two insurance types. Though the Head of Sales
purpose is the same; youll notice they are creatures quite
different.
Find More
MRTA MLTA
Transferability No Yes
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 2/7
11/2/2015 HowToInsureYourHomeLoan:MRTAorMLTA?RinggitPlus.com
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 3/7
11/2/2015 HowToInsureYourHomeLoan:MRTAorMLTA?RinggitPlus.com
4 comments
Agree or disagree with this post? Questions? You also have your word!
^
I don't understand the table. The table says Nomination - bank is beneficiary, or
anyone can be the beneficiary. What does that actually mean?
Reply
^
The table is actually divided into two, MRTA on the left, MLTA on the right. For
MRTA, the person who benefits from the insurance is only the bank as they are
the only ones to receive the insurance claim. As for MLTA, anyone can be the
beneficiary, meaning your spouse, your children, friends, colleagues or anyone
you nominate will have access to the insurance claim.
Reply
^
Yes
Reply
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 5/7
11/2/2015 HowToInsureYourHomeLoan:MRTAorMLTA?RinggitPlus.com
Exclusive RinggitPlus Top Credit Card
Offers Comparisons
03 7890 0808
Open Monday to Friday 9:00AM to
7:00PM
Facebook
Twitter
Bank Learn
Branch More
Locator about
Money
Find the
location of Banking
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 6/7
11/2/2015 HowToInsureYourHomeLoan:MRTAorMLTA?RinggitPlus.com
your Basics
favourite
How To
Malaysia
bank. Easy Guides
RinggitPlus Channel to use from your mobile too. Credit Card Reviews
Banking Terms & Definitions
How To Get Your EPF
Online Find nearest branch now Insurance Terms &
Definitions
Introducing XpressApply
More videos
Travel Planning Tips to Help How to Use Airmiles to Get Housing Loan Calculator
You Get More For Your More For Your Travel Get the better deal
Money Budget
Calculate Now
More articles More articles
Malaysians RinggitPlus
Iwillcontinuetosupportringgitplusbecausethe
websiteisinformativeandvalueformoneywhen
applyfromringgitplus
- Lim @ Email
Find out who loves RinggitPlus
Who is RinggitPlus
Everyday, we help you get more
for your money - whether you're
applying for a credit card or
personal loan, learn about the
latest fixed deposit promotions,
planning the best housing loan,
or looking for great daily deals.
Read more about us
Join Subscribe to
https://ringgitplus.com/en/blog/Insurance/HowToInsureYourHomeLoanMRTAorMLTA.html 7/7