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Mortgage Reducing Term Takaful (MRTT)

A comprehensive Takaful term financing that provides financial protection in the event of premature death or total permanent disability



Why do i need it?

  • Peace of mind in the knowledge that you and your family will not be burdened and left with debt
  • With this coverage, your SME Property and Business Financing-i is paid for when you are no longer able to service the loan instalments
  • Your business can still maintain possession of property(s).
  • You have the option of paying the single contribution or financing on your loan


How much should I insure?

  • Your total loan amount



Mortgage Reducing Term Takaful (MRTT):

  • Guaranteed benefits to settle borrower's outstanding Loan
  • Death or Total and Permanent Disability (TPD)
  • Flexibility in Contribution Financing



Death* (Due to All Causes)

  • One lump sum payment of Reducing Sum Assured

Total and Permanent Disability (TPD) per life (up till the Life Assured age of 65 - next birthday)

  • Sum Assured is paid up to a maximum of RM1 million (6 months after TPD incident date)
  • The balance (if any, up to RM1 million) is payable 1 year from the date of the first payment

TPD coverage expiry age

  • Any Covered Member whose age is sixty five (65) years or more on the Cover Start Date shall not be entitled to TPD coverage

TPD maximum coverage

  • Not exceeding a sum of RM2.0 million for this policy and all other credit related policy within ETIQA, if any, of the same Life Assured

Wakalah Fee

  • The single contribution paid by the customer is inclusive of 25% of Wakalah Fee and is used to meet Takaful Operator's expenses and direct distribution cost including commission payable to the Bank

Funeral Expenses

  • RM1,000

Distribution of Surplus (if any)

  • 50% - ETIQA (ETB)
  • 50% - Person Covered


  • Death due to suicide or pre-existing condition within 12 months from Insurance Coverage commencement date
  • TPD due to war,aviation, self-inflicted injury, suicide attempt, etc

Loan Advance Payment

  • Etiqa will cover the Reducing Sum Assured and stated in the Certificate of Assurance, regardless of any advanced payment made

Loan Early Settlement          

  • The Certificate provides an automatic continuation coverage of the Reducing Sum Covered until the expiry of the Takaful period
  • Surrender value is only payable upon request for surrender by Life Assured


For SME Business Owners/Borrowers

Period of Takaful

  • Min: 5 years
  • Max: 58 years

Entry Age (age next birthday)

  • Min: 19 years old
  • Max: 65 years old

Expiry Age (age next birthday)

  • Max: 75 years old

Sum Assured

  • Min: RM100,000 Free Cover Limit (FCL) up to RM150,000 with auto acceptance
  • Above RM150,001 is subject to medical assessment

This web page is neither a policy contract nor forming part of it. The precise benefits, terms and conditions and other details are available in the Policy Contract.


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