Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

If I'm applying for a loan from bank, would they have the option of MLTA?
Pls advise as I'm shopping for a flat to buy kinda of urgently.
TQ

Hi Jasmine,

Usually a subsidiary of the bank (bancassurance) would be able to offer MLTA but it does not apply to all banks. Nevertheless, MLTA is a form of insurance thus dont you think you should look for it from an insurance company:- which will ultimately offer better protection at a lower price?

hi
typically how is MLTA calculated? Let say property value is 200k...what would be MRTA premium and MLTA?

TIA

I just bought a terrace house at JB horizon hill for RM490,000 and currently i\\'m looking for the home insurance for MLTA.

I have some queries about MLTA product:

1. What is the Monthly, Quaterly, yearly premium quotation
2. Coverage aspect (e.g. natural disaster)
3. Any dividen?
4. If one of the owner become tpd/ death/ critical illness, how to calculate the claim?
5. What is the break even point?
6. If five years later, house sold out, is it transferable to another/ second property?( What about if second property is more than RM490,000 or less than RM490,000)
7. Any processing fee
8. Any penalty for late premium payment?

I would like to know more about Prdential MLTA product.

Thanks

hi Dave,

1. The rate of premium depends on your age.
2. MRTA: mortgage reducing term assurance - amount of coverage reduces as times go by, where MLTA is level term : the coverage does not reduce over the years and coverage is on death/tpd/critical illness.
3. There are difference options of plans to be offered and some come with dividends
4. If the property is bought under joint name, it is advisable to cover both lives. Amount to be paid will be based on sum taken up i.e. the amount of the loan taken
5. Break even point: case to case basis
6. Certain plans can be transferred to 2nd/3rd property if the insured property is sold.
7. No processing fees
8. No penalty for late premium payment

I am manager from Prudential and i can be reached at 012-2265872 or email to This email address is being protected from spambots. You need JavaScript enabled to view it. and would be glad to be of service to answer some of queries that you have.

Rgds
Veron