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Regular Premium Mortgage Reducing Term Assurance(RMRTA)
Regular Premium Mortgage Reducing Term Assurance (RMRTA)
The product RMRTA is a regular pay credit term life with decreasing sum assured. This product is mainly marketed through banks to bundle with their mortgage loan. The product features are listed below:
- Decreasing term life between 1.5 Million- 40 Million
- Regular Payment
- Max. level of cover/Death Benefit = 100% annually sum assured
- Having Surrender values
Products declaration
- HSBC cooperate with HIBT to provide regulator authorized insurance products. Insurance products are not saving products. It was protected by Insurance Stabilization Funds, not by Central Deposit Insurance.
- The related liability of insurance products was fully taken by insurance company, not by HSBC or HIBT.
