Protects the Family. If there is a sudden death in the family and it happens to be the individual who was repaying the loan, in that case, the family has to repay the outstanding loan amount. Protects the Asset and other Collaterals. Easy to Pay Premium. Tax benefits and peace of mind.
Home loan insurance is a plan that covers a borrower's total loan liability to hedge the risk of loss in case he/she dies during the loan re-payment term. However, an applicant needs to know that it is not mandatory to purchase home loan protection plans to avail of a home loan.
Let's reduce your burden
Safe your family
We are offering Following Types of Loan cover insurance with Participation with SBI Life
Loan cover with no refund ( customer can opt to pay premium in one time/yearly/monthly/quarterly )
Loan cover with total Premium refund ( customer can opt to pay premium in one time/yearly/monthly/quarterly )
3 months Bank statement