Is it worth having mortgage life insurance? Most mortgage officers recommend mortgage life insurance (either MRTA or MLTA) when buying a new home. However, before committing to an insurance policy, it helps to do as much research as you can…
Category: INSURANCE LAW
Commercial Awareness: Ride-hailing Drivers Not Eligible for EIS
Following the recent merger of Uber and Grab in Malaysia, this affects the relevant drivers and administrative staffs. The Social Security Organisation (Socso) has recently clarified and confirmed that drivers of ride-hailing services (ie: Uber, Grab…) are considered as self-employed,…
Mortgage Reducing Term Assurance (MRTA)
Mortgage Reducing Term Assurance (MRTA) is sometimes referred to as Mortgage Life Insurance. If you are taking a housing loan to buy a property, chances are that you will be required to pay for MRTA by the bank as part of your…
Life Insurance Policy (Deceased)
LIFE INSURANCE POLICY MONIES If a deceased (being at least eighteen (18) years of age) had made a nomination under the Insurance Act, 1996 (“the lNS Act”) under his life insurance policy, the nominee shall be entitled to the…