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Mortgage life insurance is a type of insurance policy that pays off your mortgage debt if you die or become disabled. In India, the cost of mortgage life insurance depends on factors such as the amount of coverage you need, your age and your health condition. The average cost per month can range from 500 to 1000 approximately. It is important to compare different policies to get the best deal and ensure that you have adequate coverage for your needs.
The cost of mortgage life insurance can vary based on several factors such as the age, health, and occupation of the insured person, the amount and term of the coverage, and the type of mortgage being insured.
Mortgage life insurance policy is also called as Home Loan Protection Plan (HLPP) that covers the borrower against the non-payment of EMI in case of death of the borrower. Mortgage life insurance can be taken out as part of a traditional term life insurance policy or as a stand-alone product.
Mortgage life insurance is a type of term life insurance that pays off your mortgage in the event of death or disability. This means that the policy will pay off your mortgage if you pass away or become disabled, meaning that you won't have to sell your home to cover the cost. This can be an excellent option for people who don't want to worry about their family having to sell their home and struggle with debt after they pass away.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check your LIC Life Insurance policy claim status online, follow these steps:
The process of surrendering an LIC life insurance policy online is easy. To surrender your LIC life insurance policy online, send an email to LIC life insurance customer service with the reason for surrendering the policy along with the required policy details and other documents. Once the surrendering form is submitted to the insurance provider, they will surrender the policy. The surrendering process may take some time to complete. Wait for confirmation from LIC Life Insurance that your policy has been successfully cancelled. Once the refund application is approved the refund amount is credited to your account.
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
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