Home loan insurance is structurally similar to a term life insurance policy. In the unfortunate event of the borrower’s death during the policy tenure, the sum assured is paid to the nominee or lender, and this amount can be used to repay the outstanding home loan.
​Home loan insurance is structurally similar to a term life insurance policy. In the unfortunate event of the borrower’s death during the policy tenure, the sum assured is paid to the nominee or lender, and this amount can be used to repay the outstanding home loan. by Soban News (international And National News)
