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    MLTA Coverage in Malaysia: What Homeowners Need to Know

    What is MLTA coverage in Malaysia?MLTA stands for Mortgage Level Term Assurance. It is a type of life insurance plan that runs alongside your home loan, offering both mortgage protection and financial flexibility. Unlike MRTA (Mortgage Reducing Term Assurance), MLTA provides level coverage and may even come with savings benefits. MLTA vs MRTA: What’s the Difference? When taking out a home loan in Malaysia, most borrowers are presented with two main insurance options: MRTA and MLTA. Here’s a quick breakdown: Feature MRTA MLTA Coverage Amount Decreases over time Remains level Ownership Bank owns the policy You own the policy Portability…

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