Is it mandatory to take home loan insurance to protect the home loan?(Tamil) Find the best insurance

Taking a home loan adds to one's liability. In case of death of the borrower, the liability to pay off the loan falls on the surviving family members. Having an insurance cover will serve the purpose and help to meet the financial liability. But, it is not mandatory to purchase home loan protection plans, i.e. home loan insurance. Purchasing an insurance plan is the sole discretion of the buyer and borrowers cannot be forced to purchase such plans.
In such a situation, instead of taking a single payment, reducing coverage home loan insurance plan, a term insurance plan can be chosen. It is a pure risk cover plan, suits the most as they are low-cost, high-cover plan with no maturity value.
Watch this video to know more about these two plans.

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[saranbhaskaran]

Your speech and points are crystal clear which will help more people to learn about the differences and gain more it up sir...

[ayyamperumalp]

Thanks🙏 for your knowledge sharing....

[thenmozhi]

Thank u sir enaku ippo rpa usefulla irunthuchu

[umamurali]

What you said is partially correct bro... But I got home loan when I was 25 years old. But apa insurance rombavey Kami amount tan for extra safety we put that... Bcz that is few thousand only

[ervadimalik]

Nalla vilakkam kudutheenga iyya mantri iyya!

[sakthiskeyboard]

Sir, term insurance Africa country kku koduppathillai

[sakthiskeyboard]

Sir, abroad la work panna, home loan insurance poda mudiyuma

[sabarisanthosh]

Which insurance agency can provide me the insurance

Can you list those agency and companies

[raju]

Thank you very much for sharing the useful information.

[dineshvinoth]

Good info sir, as you said by taking term plan we can close the loan, but for a middle class people once the earning person gets expired their nominee have to survive of their entire life with that amount, by paying their home loan how could they survive with remaining amount, ..

[selsaranhbt]

Sir,
If the home loan is preclosed, can we close the sbi suraksha insurance taken along with home loan? Could you pls let know the process sir?
Also the insurance is shown as a personal loan and premium deducted as a separate emi ..

[jaganjm]

Sir, i took home loan from sbi. Now they ask me to take home loan insurance. After seeing your video i wish to go for term insurance instead of HLI. For this term insurance do i need to take it only from sbi or i shall take it from any other insurers? Kindly reply.. 🙏

[deivanayagamk]

Sir, I have taken HL from sbi... like you said suraksha insurance they have added while I have Taken HL. Six years Loan tenure over.. shall go and close the Insurance? What's is the benefits or loss for me sir .. if I will close before completing my HL? Kindly revert me sir..

[madhanraj]

Sbi home loans property insurance mandatory eduka soluranga sbi interest rates low hl edukalam plan pana property insurance mandatory soluranga enna panurathu

[madhanraj]

SBI property insurance mandatory edukanum soluranga RBI comes under but hfc NHB comes lic HDFC ICICI india bulls not mandatory enaku property insurance eduka interest illa but SBI mandatory soluranga but hdfc icic lic try panalam but interest rate high SBI has less interest rate

[Ranjithkumar-cljm]

Bro plz reply pannunga
EN appa name la loan iruku
En name la insurance iruku appa death agitanga ipo na loan kattanum ma, loan la 1st appa 2nd Amma 3rd authority na signature potrukn unagaluku therinjatha solunga enaku Enna panrathu theriyala

[kalimuthuk]

Brother already I taken term insurance 1cr and now I am going to but home through loan. In this scenario home loan insurance is required ah. Pls confirm

[garden]

Sir, ennoda permission illama ennoda account la irunthu amount ah debit panni home loan insurance podamudiyuma? Apdi poda complaint pannalama?

[JS-ikkb]

if we take home loan insurance in the EMi, after closing the house loan, we need to pay fully or we can terminate it?

[GK-smrm]

sir enga appa 18.5.21 la death agitaru .canfin la 5lakh loan vangiruntharu but veedu amma perula iruku and appakum insurance canfin la potrunthanga.. death aprom claim panalam sonnaga but ipo 2 due kattunga claim vara varikum konja konjama amout kkuranga sir ethukunu theriyala..claim aaguma ila loan mudium varaikum kattanuma sir...
suppose claim aana evlo amount sir refund aagum.totalah 7 emi 6000 monthly kattirukom sir.
pls rply sir