POSTED BY October 5, 2013 7:30 pm COMMENTS (7)ON
SBI Rinn Raksha plan was forcibly given while taking home loan from SBI for which they add the SA amount to the loan principal amount and add on to the EMI.
My question is can someone cancel the policy within freelook period? Then will the principal amount be lowered or the policy cannot be cancelled as its connected to the loan? As per SBI, the policy can only be cancelled if the loan is paid off not before that.