Home protection is essential for safeguarding your property and belongings against unexpected events such as fire, theft, natural disasters, or accidents. It provides financial security by covering repair or replacement costs, helping you avoid sudden and costly expenses. With the right home protection plan, you gain peace of mind knowing your home, your valuables, and your loved ones are protected—ensuring stability and security for the future.
- Overview
- Product Solutions
Why Home Protection is important
Key Benefits of AIA Home Protection
Financial Security
Covers replacement costs from unexpected events like fire, theft, or natural disasters, helping you avoid large out-of-pocket expenses.
Cash Assistance During Emergencies
If your home becomes uninhabitable due to a covered event, temporary living expense benefits can help cover the additional out-of-pocket costs incurred while your home is being repaired or restored.
Product Solutions
Explore our home protection plans to stay financially prepared and focus on what truly matters.
Frequently Asked Questions
AIA's Fixed Rate Loan is suitable if you're purchasing a property or keen to switch the loan you currently have to the one we offer.
Fixed Rate Loan offers stability by locking at a fixed rate so that your monthly installments are constant throughout the duration of the loan. You do not have to worry about your payments increasing even if interest rates rise, as our home loan comes with a fixed rate throughout the term of the loan.
Those who are:
Individual Malaysian Citizen resident: For Self Employed - The business established for at least 3 years and operating profitably for the past 3 years. Foreigner (not under sanctioned countries) / Permanent residents (PR) / Non-resident: Only limited to financing the purchase of properties. Foreigner/PR must be residing and employed in Malaysia preferably for at least 3 years and with valid working permit.
If married to a Malaysian spouse, the spouse is required to be the joint applicant.
For new purchases, the MOF is based on the Open Market Value (OMV) or the purchase price of the property, whichever is lower. For refinancing, the MOF is based on the OMV. The OMV will be based on the valuation report prepared by our panel of valuers.
You can refer to the table below on the percentage of MOF given to residential and commercial properties:
| Type of Property | New Purchase | Refinance |
|---|---|---|
| Residential | MOF is up to 90% | MOF is up to 80% |
| Commercial | MOF is up to 80% | MOF is up to 70% |
Exceptions can be considered on a case by case basis.
For residential properties, it is up to 35 years or age 70, whichever is earlier. For commercial properties, it is up to 30 years or age 65 whichever is earlier.
We finance completed residential properties such as single-storey link houses, double-storey link houses, semi-detached houses, bungalows, condominiums, apartments, townhouses, etc. with a minimum market value of RM200,000 and minimum loan amount of RM150,000 as well as under construction residential properties by selected projects and developers.
AIA also finances completed commercial properties such as shop lots and shop houses at selected areas with a minimum market value of RM500,000 and minimum loan amount of RM300,000 as well as under construction commercial properties by selected projects and developers.
For more information, please reach out to an AIA Life Planner.
Read here to have your questions answered on home protection plans.
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