Mortgage Reducing Term Takaful (MRTT)

Wealth Management

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:
    • Takaful Ikhlas Family Berhad
    • Syarikat Takaful Malaysia Keluarga Berhad
    • 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.


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

*Terms and conditions apply.

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