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/

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today