You are here: Home » PF » News » Loans
Seat belt, helmet, traffic rules: Rules of personal accident insurance
Edelweiss General Insurance's Group Health Policy includes LGBTQ+ community
Business Standard

Term plan works better for covering home loan liability, say experts

Home loan protection plan may only cover accidental death, which could leave the borrower's nominees exposed

Topics
Home Loan | Life Insurance | mortgage

Sarbajeet K Sen 



home loans, property, loans, banks, credit
HLPP, which is purchased through the lender, is easy to buy. Usually, there is no mandatory medical test. The borrower just has to sign a declaration of good health.

With home purchases bouncing back, volumes are also set to rise. A is usually the largest financial liability a person takes. Failure to repay the means the lender could take over the house, which has been mortgaged to it.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, September 09 2022. 20:54 IST

RECOMMENDED FOR YOU

.