Home loan insurance can be purchased either from a general insurance company or a life insurance company. When you plan to purchase a particular protection scheme, ensure that it matches all your requirements.
All you need to know about home loan insurance!
A home loan insurance plan is a scheme under which the insurer will settle the outstanding home loan amount with the lender or the bank in case of an unforeseen situation. Some comprehensive home loan insurance plans offer coverage for the applicant, the house, and all its contents.
