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No. Insurance is not mandatory for home loan. As per the RBI and IRDA guidelines insurance is a product of solicitation and there should not be force from the entity to the customer to purchase the insurance at the time of loan disbursement. But it is in the interest of customers to have adequate insurance cover to cover the loan in case of sudden demise of the customer.
PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.
Most insurance companies make money in two ways: Charging premiums to the policyholders and investing the insurance premium payments.
There are many different types of insurance and it can be difficult to decide which one is the best for you. However, by purchasing insurance online, you are able to compare different plans and find the one that suits your needs.
Here are some of the benefits of buying insurance online :
Yes, it is possible to husband and wife both claim maternity insurance.
Yes. The policyholder can nominate anyone for his insurance policy.
Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.
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