Insurance Coverage Against Loans..!

Coverage Against Loans..! Those seeking loans to buy a home or a car now have access to a larger suit of life and general insurance products, which offer insurance cover against unemployment, critical illness, personal accident, etc - factors that could affect their ability …

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Adequate Life Cover : Home Loan Insurance..!

Anyone has adequate life cover (Nearly 150 times of his monthly income.(example). If any monthly salary is Rs.20,000 , life cover should be for Rs. 30 lakhs) then he/she can take a separate housing loan insurance. In case, he/she already has adequate life cover then he/she ca…

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Home Loan Insurance - Aware Borrowers: Banking Ombudsman Report

As per an incident mentioned in the Reserve Bank of India’s (RBI) latest report on banking ombudsman, a bank actually took a loan borrower for a ride in his housing loan insurance policy. A loan borrower had availed a housing loan from a bank, and when the loan was sanctione…

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Bank Offered Life insurance Cover with Housing Loan..

Bank Offered Life insurance Cover with Home Loan.. Ans by Mr. Kapil Mehta, MD, Securenow Insurance Broker Pvt Ltd Question:  The bank has offered me a life insurance cover with the home loan I had applied for. Should I opt for it? -  Mr. Naresh Gupta Answer: It is important to b…

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Home Loan Insurance: Which is Better, Separate Life Insurance, Loaded Life Cover?

I am taking a home loan at the age 54. Which is Better?, Separate Life Insurance Cover or / Loaded Life Cover? - Suresh, Trichy Consider these 7 Points (1) First Calculating your age factor you are eligible for a Life insurance cover. (2) Please do go in for Online Life insura…

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HDFC Home Loan Protection Plan : Eligibility..

HDFC HLPP - HDFC Home Loan Protection Plan provides a lump sum at an unfortunate death, which can be used to repay the home loan. It ensures that your family’s financial position is always secure and they do not lose their house. Minimum  entry age             18  years Maxim…

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HDFC Home Loan Protection Plan : Advantages

HDFC Home Loan Protection Plan (HDFC HLPP) provides a lump sum at an unfortunate death, which can be used to repay the home loan. It ensures that your family’s financial position is always secure and they do not lose their dream home.    **  Secure your financial obligations…

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HDFC Home Loan Protection Plan : Features..

HDFC Home Loan Protection Plan provides a lump sum at an unfortunate death, which can be used to repay the housing loan. It ensures that your family’s financial position is always secure and they do not lose their dream home. Features... **    Option to pay single premium or …

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What is Home Loan Protection Plan - HLPP?

by CIEL **  Home Loan Protection Plan (HLPP) is an insurance plan which provides a lump sum benefit on the death of the insured. This can be used to repay the outstanding housing loan. ** The cover in an HLPP is usually the same as the home loan taken.The premium for HLPP can…

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Buying Insurance for a Housing Loan

Housing loan insurance is a plan that covers a borrowers outstanding loan liability. In case of his death,the proceeds are used to pay the outstanding loan, thus reducing the familys burden. These policies  typically offer a cover that reduces every year as the loan amount …

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Home Loan Insurance Covers: Overview of Features & How They Work?

By Mr. Anil Rego, Right Horizons Although a house is the best gift to one's family, one surely does not want to burden them with a hefty house loan, in case of an unfortunate event. It is important to shelter your family against such unforeseen burden. Home loan cover co…

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