This plan aims to protect your family from your loan liabilities in case of your unfortunate demise within the policy term. It ensures that your family does not lose the dream house that you have purchased for them, in case you are not around to repay the outstanding monthly installments on your housing loan. This provides you with the comfort of knowing that in your absence, a sum of money will be available towards repaying your housing loan, making sure that your family will be secure in your family home.
Advantages
- A decreasing Sum Assured payable if you die during the term of the contract. This sum assured is intended to help pay-off your outstanding home loan
- Policy can be availed by paying a single premium in advance
- The premium amount can be included in the housing loan and repaid as part of the loan repayment installments
- Decreasing Sum Assured makes sure that you do not pay for protection you don't need
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