I am going for home loan of Rs 2400000 and i have lic polices of sum assuerd 9.5 lakhs, can i use these polices as a security or loan insurance or should i take new polices.plz give me yours suggestion or better option. Regards
We have (joint loan) taken a home loan of Rs.6 lacs. Presently we dont have any home loan insurance policy to recover the same in death case. We both are government servant. Our age is 41years similarly. It is requested to you to tell me about such type of policy, which cover home loan insurance jointly.Please also give premium. Regards.
My cousin who expired had taken a loan of Rs. 10.00 lakhs. The loan was insured and the balance amount of Rs. 8.50 lakhs was claimed from the insurer instantly after death. The insurer delayed payment by about a year and made a payment of Rs. 8.50 lakhs only. In the meantime the Bank continued to charge interest on the total loan amount along with penalty charges. This amount is now being claimed from the wife of my cousin. What does the rule of insurance provide.
My propery value is 46 lakhs out of which I am borrowing 36 lakhs from a public sector bank what will be the insurance value and what will be annual premium for the same
Hello, As we all know the present financial meltdown, and the jobs becoming insecure, is there any insurance that covers loss of job, or company cease off. ICICI has such but, the insurance would provide a 3 month emi in such case. But one cannot gurantee that he would get ajob back in two months!! Any idea suggestion?? Pls let me know at sajalsamanta@gmail.com
A friend of mine, having two childrens in school class took a home loan jointly with her husband ( From SBI group)which is insured with SBI insurance scheme . Unfortunately he passed away a week back.What would happen to the home loan? She cant complete the loan with her small income. Please tell the procedure to claim for the insurance.
Re: home loan
by on Apr 04, 2015 01:18 PM
I am also in the same situation, I am also helpless and don't know whom to contact. Pls hlp/guide me to claim the insurance
Re: home loan
by on Apr 04, 2015 01:18 PM
I am also in the same situation, I am also helpless and don't know whom to contact. Pls hlp/guide me to claim the insurance
I have taken a loan from Citifinancial, but due to some misunderstanding I haven't done the loan insurance, now the Citifinancial is not offering any insurance due to delay. Can I insure from any other isurance company for my loan of Citifinancial
Re: Home Loan Insurance
by AMIT LOKARE on Jan 19, 2009 07:10 PM
can u plz tel me hows citibank home loan i am going to apply .. plz give me correct things sir
Re: Re: Home Loan Insurance
by manish kumar on Oct 20, 2010 10:13 AM
On the face of it CitiBank looks professional, but actually they are very deceptive bankers that you only get to know when you become a customer of it.
my father had taken a home loan from ICICI, and he unfortunately passed away a week back due to a heart attack.he had told us in his lifetime that he HAD taken a policy in which if anything happens to him, the loan amount would be paid off by the insurance company.
i went and checked with ICICI prulife, and they did a search with my fathers Date of Birth, but it did not find any results, and they say , they cant search with my fathers name in their database as there would be too many people with the same name.i double checked all the documents @ home for any policy number of "Home assure" , but could not find any..
I dont know what to do, am a student and need help ! i can be contacted at flankerfreak @ gmail
