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Insurance of Loan Principal.
by Prakash Haran on Sep 12, 2006 12:24 PM

Most banks these days also provide insurance on home loans against a single premium payment or a regular premium payment. The insurance safegaurds the borrower/heir from repaying the loan in case of any contingencies.Some Insurers also repay the interest which has been paid till date.

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Taking a loan? Questions to ask