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Why you must not buy bundled home loan insurance
Rediff.com

Why you must not buy bundled home loan insurance

You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia. Illustration: Uttam Ghosh/Rediff.com Often, when a person is sanctioned a home loan, banks or housing finance companies also try to sell him home loan insurance (also known as mortgage redemption insurance) or home loan protection plans (HLPPs). These plans are for three-five years for individuals and up to five years for group plans. Typically, the premium is 0.8-1 per ... Rediff.com, 1 day ago
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