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Home Loan insurance is not mandatory by law, RBI or IRDA but it is advisable.Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.
BENEFITS OF HOME LOAN INSURANCE:-
THINGS TO KEEP IN MIND:-
Loan insurance is something that you need to give careful thought to: