I have purchased a home of worth 11.5 lakhs by home loan in bangalore. Please guide me how can I secure the EMIs and same time I get some kind of returns also from my investment by Insurance.
My loan period is for 20 years and my age is 36 years.
RE:Investment guidence
by Proudly Indian on Dec 25, 2007 05:35 PM Permalink
Most of the banks now a days, ask the customer to take a term insurance equal to the loan amount and hypothecate to the Bank. This will protect bank as well as the dependence of the customer in case of the death or permanent disability to the customer. If your bank has not instructed this, take a term insurance equal or above the loan amount .For investment, take the options like equities (direct trading) and mutual funds.In your case, it is better not to mix. Insurance with investment.
