Bharti AXA General Insurance is now part of ICICI Lombard General Insurance.

Bharti AXA General Insurance is now part of ICICI Lombard General Insurance.

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Home loan insurance and home insurance to secure your home

by tanvi staging | Apr 23, 2021

Investing in a property along with loan must go hand in hand when it comes to securing your home while applying for an home insurance. Basically, as per a study made by experts it has been observed and come to a conclusion that individuals opting for property as an investment must also invest in buying an home insurance.

Home loan insurance: Today there are many banks that provide home loans and even home insurance because of their tie-ups with many other general insurance companies. This option has become a compulsion in many countries, because such a combination of home loan with home insurance provides enough cover to the insured and his property. Many banks in India too provide good coverage on insurance. For instance: a bank covers against various misfortunes i.e. incase of illness, accidental death,permanent total disability. In case of any employment loss, then there are certain banks that cover three EMI payments. This policy also covers in times of earthquake, loss of property or damage to the building and/or any of its contents. There are also certain companies that provide comprehensive coverage for structure and contents against the listed natural and man-made calamities. Also, people are given the option of continuing with the same policy even if the loan term ends.

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Home loan insurance and home insurance to secure your home

by tanvi staging | Apr 23, 2021

Investing in a property along with loan must go hand in hand when it comes to securing your home while applying for an home insurance. Basically, as per a study made by experts it has been observed and come to a conclusion that individuals opting for property as an investment must also invest in buying an home insurance.

Home loan insurance: Today there are many banks that provide home loans and even home insurance because of their tie-ups with many other general insurance companies. This option has become a compulsion in many countries, because such a combination of home loan with home insurance provides enough cover to the insured and his property. Many banks in India too provide good coverage on insurance. For instance: a bank covers against various misfortunes i.e. incase of illness, accidental death,permanent total disability. In case of any employment loss, then there are certain banks that cover three EMI payments. This policy also covers in times of earthquake, loss of property or damage to the building and/or any of its contents. There are also certain companies that provide comprehensive coverage for structure and contents against the listed natural and man-made calamities. Also, people are given the option of continuing with the same policy even if the loan term ends.

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