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Mortgage Reducing Term Takaful (MRTT)

A single contribution reducing term Takaful plan that provides financial protection against your mortgage in the event of Death or Total Permanent Disability.

How can MRTT help you?


  • Settles your outstanding home financing amount in the event of Death or Total Permanent Disability (TPD)
  • Protects your family from losing their home in the event of unforeseen circumstances
  • 24 hours, worldwide coverage

Features


  • Guaranteed Acceptance for sum covered up to RM 200,0001 (per application)
  • Coverage up to RM2 million for Death/Total Permanent Disability (TPD)2 to settle outstanding home financing amount based on reducing sum covered
  • Option to capitalise Single Contribution into the home financing up to 5% of financing amount
  • Distribution of surplus paid during benefit payout or at maturity
  • Additional RM1,000 is payable to next of kin to pay for funeral expenses

1Applicable for financing applicant age 50 age next birthday & below.

2Maximum amount payable for TPD is RM2 million and coverage up to age 65

Sum assured


  • Minimum coverage limit: RM10,000
  • Subject to underwriting should coverage limit exceed RM200,000
  • Reducing Sum Covered according to the remaining financing amount3

3Provided the sum covered is the same as financing amount, certificate term is the same as financing tenure, and there is no increase in interest rate*.

Coverage term


  • Minimum term: 5 years
  • Maximum term: 56 years or expiry at 75 years old (whichever is earlier) 

Entry age limit (age as last birthday)


  • Minimum entry age:19 years’ old
  • Maximum entry age: 65 years’ old
  • Expiry age: 75 years old

How to apply?


  • Applicable to Maybank Home Loan/Financing customers only.
  • ake an appointment online today at www.maybank2u.com.my/ezyq to talk to our friendly Sales Representative.

Terms and conditions


  • Other terms and conditions apply

PIDM protection


The benefit(s) payable under eligible certificate/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Etiqa Family Takaful Berhad or PIDM (visit www.pidm.gov.my).

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