Home Loan Insurance
The dream house that one buys with home loan can become a liability instead of an asset, if god forbid working member is no longer alive.
Options with the family would be only to dispose the asset, or alternatively arrange to fund EMI.
We recommend taking an insurance cover (term insurance) to take care of the same. It does not cost much either. e.g.- For 6 to 7 thousand per annum one can protect a loan of 15-20 lacs.
If interested,
post a query...
please put age, loan amount & term.