Monday, November 3, 2008

Secure your family with a home loan cover

Q

I am a home loan customer of a leading bank. I wanted to know if it is necessary to get my home loan insured. Please explain the various options available.

Renu Sud Karnad:

Since a home loan is a huge financial commitment for a long duration (15-20 years), it is advisable to get home loan insurance cover for the loan amount in order to safeguard the interest of your family in case of any eventuality.
HDFC’s group company HDFC Standard Life Insurance offers a “home loan protection plan” which has been specially developed to suit home loan customers. This plan is a single-premium decreasing-term assurance plan which ensures that the outstanding loan, up to the amount insured, is adjusted/repaid in the event of death of the borrower. This serves as huge security for the family during the term of the loan. It is possible to include the premium in the loan amount itself and repay as part of the regular instalments. Ask Mint | - livemint.com

Subscribe for free to receive hot Pune real estate news, views and reviews:

1) Ravi Karandeekar's Pune Real Estate Market News Blog

2) Ravi Karandeekar's Pune Real Estate Investment Blog

3) Ravi Karandeekar's Pune Real Estate Advertising and Marketing Blog

4) Ravi Karandeekar's Pune Real Estate Blog

5) Please, feel free to call me on my mobile +91 98600 44110! I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so i do not charge anything for the first 8 minutes!)

6) Please, join me on Friendfeed, to share news articles, family photos, interesting links and videos and let us discover and discuss information!

Visit Ravi Karandeekar's Pune Real Estate Blog Group and join for free to receive updates of all blogs!

No comments:

Post a Comment