Personal Banking

Financial Planning / Mortgage Reducing Term Takaful (MRTT)
  • Exclusively offered to Home Financing-i customers of Bank Rakyat.
  • Designed to cover the Home Financing-i balance by Takaful Operator in the event of death or total permanent disability (TPD) due to any causes.
  • Releasing family members from financial burden in case of unfortunate event.
  • Covering up to RM3,000,000 of the Home Financing-i balance.
  • Lump sum payment by Takaful Operator for the balance of Home Financing-i in the event of death or TPD on the person covered.
  • Total sum covered will be consistent with the reducing balance of Home Financing-i payment schedule.
  • Lump sum contribution can be paid by the customer or financed by Bank Rakyat.
  • Customers has option to enrol for MRTT plan from the following Takaful Operator:
    1. Takaful Ikhlas Family Berhad
    2. Syarikat Takaful Malaysia Keluarga Berhad
    3. Sun Life Malaysia Takaful Berhad
  • If the Home Financing-i account settled earlier, the certificate can be surrendered for cash value.
  • Offer surplus sharing (if any) to participant at the end of certificate period.
  • Home Financing-i with Bank Rakyat only.
  • Malaysian Citizen.
  • Aged between 18 to 65.
  • Sum covered from RM10,000 to RM3,000,000, subject to underwriting approval.
  • Maximum coverage term of 35 years.
The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.