OCBC Group | Home | Login | SiteMap | Contact Us

Personal

Small and Medium Businesses

Corporate & Institutional

Mortgage Reducing Term Assurance (MRTA)

A reducing term assurance insuring the life of a housing loan borrower against the amount of the money borrowed to purchase a house. It helps to pay off the remaining balance of the housing loan should something unexpected such as death or total permanent disablement happen to the borrower.

Next Steps :

Benefits

	Helps to prevent a serious financial liability from falling on your family should something happen to you

	One-time payment to cover the entire duration of the loan

	Give your home added protection and peace of mind

Eligibility

Life assured between 17 years to 70 years age next birthday

Disclaimer Remarks

The above is for general information only. It is not a contract of insurance. The precise terms and conditions of the plans are specified in the policies. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. You may wish to seek advice from your financial advisor before making any purchase. A person interested in the above plans should read the Product Summary and Benefit Illustration (obtainable from OCBC Bank) before deciding whether to buy this product.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premium paid.

The above plans are underwritten by Great Eastern Life Assurance ( Malaysia ) Berhad; the oldest and largest insurance company in Malaysia . All claims and liabilities arising from the policies should be made with the company.

Next Steps

Visit Our Branch

Call Us