Home Loan Insurance Sbi

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Home Loan Insurance Sbi

Posted by Bruyere Andree on Sunday, 5 April, 2020 09:18:13

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SBI Life - RiNn Raksha is a group credit life insurance plan offered by SBI Life Insurance Company Limited. This plan can be opted for by people who borrow loans to protect their families from the repayment liability. SBI Life - RiNn Raksha plan provides coverage for various types of loans.

SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home. Read More Introducing Virtual tour

SBI offers a wide range of home loan products to suit the needs of every customer. These loan products include options for the purchase of readymade flats and houses, properties under construction, construction of a new house, purchase of a pre-owned home, an extension and/or repair of the house.

Home Loan Protection Plan (HLPP) is an insurance plan. Under this plan, insurance company settles any outstanding amount on the home loan with the bank/lender in the event of death of the borrower. The policy term is usually the same as the loan tenure.

insurance policy underwritten by the SBI Life Insurance Company Limited, which covers you against death and/or disability (as defined in the policy) to protect your dependants from the liability of the loan outstanding. The policy covers the outstanding loan balance for the entire tenor of the loan for an up-front one time premium.