Agrobank offers Takaful credit protection to borrowers under this scheme which indirectly protects the next-of-kin from the burden of repaying remaining loans if the borrower faces an untoward incident during the repayment period.

Qualification

• Bank borrower
• Age less than 18 years during application
• Age not exceeding 65 years when financing period matures

Scope of protection

• Natural or accidental death
• Permanent disability.

Eligibility

• Group Decreasing Term Assurance (GDTA) – specially for loans below RM50,000.00
• Mortgage Reducing Term Assurance (MRTA) – specially for loans exceeding RM50,000.00
• Yearly Renewable Term Assurance – (YRTA) – specially for loans with a repayment period of less than 12 months

Others

• Subject to conditions of the master policy