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Home Loan Insurance plans, are they worth it?

Home Loan Insurance plans, are they worth it? Home loan insurance, or any mortgage redemption insurance plan, is inevitably part of a banker’s sales pitch when extending sizable long-term credit, such as a home loan. Home loan EMI has significant bearing on one’s financial plan. In case of any untoward event claiming life of the principal earner in the family, financial plan of the family may go completely out of whack. Let us first clarify, it is not mandatory and compulsory to buy Home Loan...

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