I applied for a Home Loan of 65L under SBI Max Gain scheme for 20 years in Bangalore and opted for Insurance also.My age is 38.
I just got an sms that my loan is approved/sanctioned and I see that my loan amount is 67.5 L , the loan manager said it is due to Insurance.
I think what they mentioned is a single premium along with interest.
Can I remove the insurance since I have not signed the papers yet.