07/04/2025
🏠✨HOUSE Loan protection
💬 Confused between MRTA and MLTA?
📌 What is MRTA?
✔️ Mortgage Reducing Term Assurance
🛡️ Protects the Bank (not your family).
📉 Coverage reduces throughout the loan tenure.
❌ Non-transferable for refinances/purchases.
❌ No cash value at the end of the loan tenure.
📌 What is MLTA?
✔️ Mortgage Level Term Assurance
🛡️ Protects both your home loan AND your family’s future.
📈 Coverage stays consistent with additional benefits.
✅ Transferable - Can reuse for refinancing.
💵 Cash value (optional): Early settlement or retirement plan.
The Difference at CLAIMS ✨
🔑 How it works:
MRTA: Insurance pays the bank, and your family remains responsible for settlement/ownership fees.
MLTA: Insurance pays the bank AND your nominated beneficiary, providing extra funds for your family.
Which is Right for YOU? 🤔
📌 If you want basic protection for your loan – MRTA works.
📌 If you want added protection + savings for your loved ones – MLTA is the smarter choice!
