Insurance policies sold with housing
Loans Often,
when a person is sanctioned a home loan, banks or housing finance companies
also try to sell him home loan insurance (also known as mortgage redemption
insurance) or home loan protection plans (HLPPs). These
plans are for 3 t…
Showing posts with label Insurance - Home Loan. Show all posts
Showing posts with label Insurance - Home Loan. Show all posts
Difference between term plan and home loan protection plan ..!
Investment GuruWednesday, November 15, 2017Home Loan, Insurance - Property, Insurance - Home Loan, NOV 2017
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Difference between term plan and home loan protection plan ..! Src: BS November 2017
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 …
Adequate Life Cover : Home Loan Insurance..!
Investment GuruMonday, December 29, 2014Home Loan Insurance, Insurance - Home Loan, Life Insurance
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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…
5 Insurance Covers That Anyone Must Have..!
Investment GuruTuesday, October 07, 2014Health insurance, Insurance - Motor, Insurance - Home Loan, Insurance - Personal Accident, Life Insurance
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If you do not have
these 5 covers, use the festivals as an opportunity to set things right If you have these 5
essential covers, you need not worry; but if you do not, use the festivals as
an opportunity to set things right. 1. Life insurance..! This life cover is
especially …
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…
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…
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…
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…
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…
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 …
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…
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 …
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…