Insurance, takaful, MRTA & MLTA
Cover the household before stretching the household budget.
MRTA/MRTT usually reduces with the loan and can be paid cash or capitalised. MLTA/MLTT is typically level, portable and paid separately. Islamic products use takaful terminology.
Why it matters
A rate comparison that ignores protection can understate the real monthly plan.
Quick tip
Ask what is included, whether the premium is financed and whether the cover is portable.