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What insurance should a senior citizen take against his home loan? - Property Hotline
Posted
December 30, 2016
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63
December 30, 2016
63
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6:13Now PlayingExpert: Harsh Roongta CEO, Apnapaisa.com, Home Finance Expert
Q: I am a senior citizen buying an apartment in Bengaluru with a loan of Rs 45 lakh from SBI. I want to know what kind of insurance should I take for my loan amount?
A: If you are senior citizen, presumably retired, you should think well before opting for a home loan. At your age, any life insurance or disability insurance would be frightfully expensive, or may not be available. In your case, we suggest please find out what is available and how much it would cost. Just avoid life insurance policy with maturity benefit.
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