Loan insurance
Loan insurance is a type of financial product that assists with loan repayment in the event of an unforeseen occurrence such as job loss or permanent disability, or sudden death.
In such cases, a Loan insurance helps you in avoiding loan default and protects your family from the burden of loan repayment.
Key Feature
- No medical check-up up to Sum Insured of Rs.1 Crore and/or age up to 55 years
- Policy can be availed for maximum of three years benefitting the purse strings
- Coverage for 13 critical illnesses, accidental death or permanent disablement and loss of job
- Sum Insured available on fixed or reducing basis
