I am availing a home loan from SBI(around 70lacs) for an apartment due to be delivered 3 years from now.I am told by the agent that buying a property insurance from SBI is compulsory.While i understand the need for property insurance,and i am keen to buy one;I want to know if the insurance has to be bought from SBI or from any other reputed insurance provider(like New India).Can you please advice me on the best insurance provider with a good balance of claims/settlements ratio and an economic premium
Thanks in advance