Bying a home is big dream for all.
Nowadays Home loan rates are coming down due to many initiatives taken by RBI and Government of India.
Many people insure their home, building but forget to insure future EMIs which they have to pay.
More than insuring asset, life has to be insured.
Home Loan EMI Insurance should always be taken seperately and not from the Home loan company
God forbid something happens to the House owner the Insurance maturity benefit would go to the nominee.
Nominees can pay the balance home loan payable and the rest of the amount can be kept with them for their future.
Home loan insure can help in 80C Tax deduction also.