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Personal Reducing Term Assurance (PRTA)

Personal Reducing Term Assurance (PRTA)

A comprehensive plan that covers your SME Clean Loan with Financial Protection in the event of Death or Total and Permanent Disability (TPD)



Why do I need it?

  • Peace of mind in the knowledge that you and your family will not be burdened and left in debt 
  • You have the option of paying the Single Premium payment or the net amount of your SME Clean loan amount received

How much should I insure?

  • Your total loan amount


Personal Reducing Term Assurance (PRTA):

  • Guaranteed settlement of borrower's outstanding Loan
  • Death or Total and Permanent Disability (TPD)
  • 24 hours worldwide coverage
  • Premium Financing
  • Guaranteed acceptance
  • Single coverage




Death (Due to All Causes)

  • One lump sum payment of Reducing Sum Assured

Total and Permanent Disability (TPD) per life

  • Sum Assured is paid up to a maximum of RM1 million (6 months after TPD event 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 Insured Member

Cancelation within Cooling Off Period (CWC)

  • Once the borrower makes a request to cancel the loan within thirty (30) days, the Bank will notify Etiqa, who will cancel the coverage and refund to the Bank the total amount of premium paid, less any medical fee incurred.

Surrender Value

  • Reducing Loan Amount less Surrender Charge



For SME Business Owners/Borrowers

Period of Assurance

  • Min: 1 year
  • Max: 5 years

Entry Age (age next birthday)

  • Min: 17 years old
  • Max: 59 years old

Expiry Age (age next birthday)

  • Max: 65 years old

Sum Assured

  • Min: RM100,000
  • Max: RM200,000 (within Free Cover Limit)
  • >RM200,001 up to RM400,000 (subject to medical underwriting)

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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Got a question? Call our Customer Care hotline at 1-300-88 6688 anytime, anyday.