Can I cancel the home loan insurance immediately after taking it ?

POSTED BY princebhatt ON September 21, 2014 10:29 pm ONE COMMENT

Hi,

My home loan from DHFL was been sanctioned on 4th aug with home insurance of 80K. I was enforce to buy the home insurance product despite of no requirement. I received the home loan insurance letter from DHFL pramerica on day before yesterday, when i contacted customer care to cancel the loan they told me courier the original documents of insurance stating to cancel, will it be cancel ? DHFL,mumbai do not respond appropriately on this when i contact them ?and do i need to buy alternate home loan insurance to this ?  request you to guide me on this please.

Regards

One reply on this article “Can I cancel the home loan insurance immediately after taking it ?”

  1. Hemanth Chandra says:

    This article might help you.

    curiouslogic.in/2014/03/why-home-loan-insurance-is-a-bad-option/

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