I had taken home loan from DHFL one month back. At the time of taking loan branch manager told me that it mandatory to have home loan insurance with Home loan. He then given me ICICI pru Home assure policy which cost me around 37k.
Two days back i recived the policy document form Icici prudential. I was lucky enough that Manish also posted the article on Home loan insurance at the around same time.
My query is that can i cancel the policy now (still in look up period). Can DHFL have any objection on this. When i will cancel policy will icici pru will also inform to DHFL.
Adding : I already got full Home loan amount from DHFL. Can they do anything now?