Dear sir,
I am 36 yrs old, working with corporate group in India. I have to purchased resale flat and I need a home loan of Rs. 2700000/- for the term 22 years from the State Bank Of India.
my question about Home loan protection plan, SBI suggest me for SBI RINN RAKSHA and my friends suggest me SBI SARAL SHIELD or SBI SMART SHIELD, even in that ” Level Term Assurance” or ” Decreasing Term Assurance ( Loan Protection). so which one is better for me ? single premium or yearly premium ? I dont want to invest too much for Insurance, so please advice me as soon as possible.
Thanks for your co-operation.