Malathi AIA -Life Planner

Many people buy houses worth half a million or two million, owning multiple properties, but have you checked whether your house is insured with MLTA or MRTA? It’s not just about buying a house and paying installments; I’d like to discuss this topic because, sadly, a family member passed away three weeks ago. He bought a 1.5 million house 16 years ago, and the wife assumed it would be free from installments after his passing. However, it turned out the policy he purchased 15 years ago was MRTA, tied to the bank.

Now the wife must continue making payments, or the house may face bank foreclosure. Could this happen to us in the future?.

Everyone will think MRTA will cover the latest home loan outstanding balance.

But, the truth is. The statement is only partially real.

I will explain it below.

Please review your policy, whether it’s MRTA or MLTA.

let’s meet for coffee, and I can review and provide advice🤗

HOT HOT HOT‼️‼️‼️‼️‼️

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