This is a single premium Decreasing Term Assurance type policy customised to provide life insurance to you and to serve as a collateral against any housing loan you may have taken to build a home. The life insurance decreases as and when the loan is repaid and there is no policy maturity value once the loan is fully settled.
In addition to the death insurance you could also include Total Permanent Disability insurance as well.
By protecting the housing loan you have taken to build your home, you ensure that in the event of any unforeseen circumstances, your family including your children will not be left unsafeguarded, because Nivahana will continue to settle the loan.
If you need to meet one of our professional Financial Advisors to customise Janashakthi Housing Loan Protection Plan according to your distinct needs and wants please click here to Contact Us.