Loan protection insurance could help you pay for some or all of your personal loan in certain hardship situations, such as an unexpected layoff. A major downside of loan protection insurance is the ...

While opting for a home loan, a protection plan is always suggested and is a necessity, so that in case of any unexpected event, the individual or his/her family has the financial support to repay the ...

A mortgage insurance plan or home loan protection plan is a single premium product and the sum assured is linked to the loan amount. At the time of taking a home loan, most banks insist on a mortgage ...

Buying life insurance is an important part of financial planning. It is always advised that one should buy a cover which will be enough to take care of all the liabilities and goals of the person.

Banks are creaming off up to 80 per cent of the premiums charged on controversial loan protection insurance, the Competition Commission said yesterday. Consumers paid £4.4billion in premiums on ...

When you already have loan protection, is it possible to cancel and take out a new deal? T. M. Liverpool. Alan O'Sullivan, credit reporter with This is Money, replies: It is perfectly acceptable to ...

Understanding how banks handle such situations and what responsibilities, if any, fall on family members, can help avoid ...

PAYMENT protection insurance - also called loan payment protection or just loan protection - is designed to cover debt repayments in the event that borrowers are made redundant or are unable to work ...

Home loan insurance: The Reserve Bank of India, RBI and or IRDA have no guidelines regarding home loan insurance, and it is not mandatory. Home loan insurance: If a customer wishes to buy home loan ...

On the borrower’s death, the bank asks the co-applicant or guarantor to pay, or recovers the personal loan amount from the ...