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Home insurance from SBI Life

SBI Life Insurance has introduced a home loan insurance scheme for the customers of Sundaram Home Finance.

With this scheme, customers of Sundaram Home Finance now have the choice of getting a life insurance cover along with their housing loan. Under the scheme, the borrower pays a one-time premium to get insurance to cover the outstanding dues during the entire period of the housing loan. In the event of the borrower's death, SBI Life will assume the responsibility of repaying the outstanding loan amount, including interest calculated as per the original repayment schedule.

BL Research Bureau

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