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 customer
- 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.
Type of Protection
- Group Decreasing Term Assurance (GDTA) – specially for financing of below RM100,000.00
- Mortgage Reducing Term Assurance (MRTA) – Specially for loans exceeding RM100,000.00
Others
- Subject to conditions of the master policy.