September 23, 2016
49
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1:47Now PlayingExpert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd .
Question: I bought a home with a home loan of Rs 21 lakhs. Kindly suggest a few good policies for insuring my home loan liability. I'm looking for low annual premium and preferably a no frills policy.
Answer: The best insurance policy is a term insurance. It is a very cost-effective risk management tool. Get the policy endorsed in favour of the insurance company. The amount of sum assured should be a total of all financial liabilities, current cost of all financial goals and lifestyle expenses.
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