Insurance on Home Loan

[ramakrishnakurudagi]

Hello All,
I recently bought a home loan of around 75 Lakhs for 15 years duration in SBI. I would like to know what is the best term life insurance for covering this loan in case of uncertainities that includes untimely death, disability and also importantly in case of loss of Job some duration. can some one suggest good insurance please ?

 

[ramakrishnakurudagi]

My question is related to Insurance for the home loan coverage. I already took the loan and now I am looking for good Term life insurance that covers this loan amount including when loss of job.

 

[zacobite]

Hello All,
I recently bought a home loan of around 75 Lakhs for 15 years duration in SBI. I would like to know what is the best term life insurance for covering this loan in case of uncertainities that includes untimely death, disability and also importantly in case of loss of Job some duration. can some one suggest good insurance please ?

Simple term insurance online from any good co. 75 L coverage.. or more if u can.. Aegon / Kotak / IPru / Max.. all gd

 

[AlertsByVivek]

I bought the same pure term life. Coz loan product insurance mostly reducing balance. Which added burden. It's not the smart decision though. You must have atleast pure term insurance. It saves you from every loan you got and bike policies car policies.

 

[zacobite]

I bought the same pure term life. Coz loan product insurance mostly reducing balance. Which added burden. It's not the smart decision though. You must have atleast pure term insurance. It saves you from every loan you got and bike policies car policies.

yes.. perfect