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SBI Housing loan and Home loan insurance cover

Hi,

I have a HL from SBI. Although the entire process went seamlessly with one disbursement released as well, one thing left me pondering upon is the home loan insurance policy which was attached along with the loan without my consent and seems I have to pay my EMI including this amount. Now I am planning to bailout the property. I need your professional advice if the property loan (general) and life insurance cover of the insurer can also be transferred to new purchaser of my apartment.

Appreciate your advice. 

Thanks in advance.

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