Home Loan Insurance

POSTED BY Mukund ON October 1, 2012 8:35 pm ONE COMMENT

I have recently bought SBI Home Loan with Max Gain Account of 26L which was approved in Aug’12

During Loan processing my agent got me filled the form for ‘NO RINRAKSHA Policy” so no insurance funding was done in the Loan Amount.

Can you pls suggest which Insurance should I go for.

Regards,

One reply on this article “Home Loan Insurance”

  1. Go for a regular term plan and notionally earmark that much amount (26 lacs) for the home should something happen to you. In addition to that you will need coverage for 10-15 times your salary as family running expenses.

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