Is it mandatory to take home loan insurance to protect the home loan?(Tamil) Find the best insurance
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- Опубликовано: 16 ноя 2020
- Taking a home loan adds to one's liability. In case of death of the borrower, the liability to pay off the loan falls on the surviving family members. Having an insurance cover will serve the purpose and help to meet the financial liability. But, it is not mandatory to purchase home loan protection plans, i.e. home loan insurance. Purchasing an insurance plan is the sole discretion of the buyer and borrowers cannot be forced to purchase such plans.
In such a situation, instead of taking a single payment, reducing coverage home loan insurance plan, a term insurance plan can be chosen. It is a pure risk cover plan, suits the most as they are low-cost, high-cover plan with no maturity value.
Watch this video to know more about these two plans.
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Your speech and points are crystal clear which will help more people to learn about the differences and gain more knowledge.....keep it up sir...
Sure sir, Thanks a ton.
மிக தெளிவான விளக்கம் நன்றி.
மகிழ்ச்சி!
What you said is partially correct bro... But I got home loan when I was 25 years old. But apa insurance rombavey Kami amount tan for extra safety we put that... Bcz that is few thousand only
Thank you for the very valuable information........
My pleasure
Thank u sir enaku ippo rpa usefulla irunthuchu
Glad you liked it. Please support me by subscribing.
Nalla vilakkam kudutheenga iyya mantri iyya!
உங்களுக்கு இந்த வீடியோ பயன்பட்டதில் மகிழ்ச்சி!
Sir, term insurance Africa country kku koduppathillai
Thanks🙏 for your knowledge sharing....
Glad it is useful to you
Seven three five one zero seven tow one six zero ☎️☎️
Good info sir, as you said by taking term plan we can close the loan, but for a middle class people once the earning person gets expired their nominee have to survive of their entire life with that amount, by paying their home loan how could they survive with remaining amount,..
First case:
A person expired (Loss) + Loan (Loss) = Huge loss
(His family has to survive and pay the loan without any income)
Second case:
A person expired (Loss) + Loan (Loss) - Insurance (profit) = Minor Loss
(His family has to survive without his income. But the loan part has been taken over by the term insurance. If any balance (after paying the loan), it will be given to the family).
You can understand the better case here.
Nice information... Thank u so much
Thanks for liking. Please support me by subscribing.
Seven three five one zero seven tow one six zero ☎️☎️
Sir, abroad la work panna, home loan insurance poda mudiyuma
Which insurance agency can provide me the insurance
Can you list those agency and companies
Thanks Sir
Welcome
Very useful
Glad to hear that
Sir, i took home loan from sbi. Now they ask me to take home loan insurance. After seeing your video i wish to go for term insurance instead of HLI. For this term insurance do i need to take it only from sbi or i shall take it from any other insurers? Kindly reply.. 🙏
After seeing your video i wish to go for term insurance instead of HLI.
Glad it was helpful.
Do i need to take it only from sbi or i shall take it from any other insurers?
It is your wish. After thorough analysis, choose the right insurer. If you are unable to handle the SBI official's compulsion, you can go for SBI.
Sbi home loans property insurance mandatory eduka soluranga sbi interest rates low hl edukalam plan pana property insurance mandatory soluranga enna panurathu
Home loan Insurance is not mandatory. Banks have no right to force you. if they force you, go to other bank or ask them for a term insurance instead of home loan Insurance.
Thank you very much for sharing the useful information.
Glad it was helpful!
Hi sir, Ennoda brother home loan eduthurtharu athoda insurance premium poturtharu sir. Eduthu oru 3 months layae death agitanga sir , Eranthathu kaprm bankla inform panom . Inform pannathu kaprm bounce charges varama irukarthukaga intrest pay pannunga insurance claim annathum atha nanga return pannirvomnu sonaga sir. Insurance sum claim agirchu sir But ipo innum 1 lakh something pay panum soldranga sir . Insurance vantha amountum , loan edutha amountum tally agirchu sir but innum pay panum soldranga. Please sir solution solunga sir.
கட்ட வேண்டிய அவசியமில்லை. நீங்கள் இது குறித்து complaint செய்யலாம். Please watch the below video for more details;
What to do, if my insurance claim is rejected? | Register a complaint against an insurance company
ruclips.net/video/yoHOygOeEqk/видео.html
Sir, ennoda permission illama ennoda account la irunthu amount ah debit panni home loan insurance podamudiyuma? Apdi poda complaint pannalama?
கண்டிப்பாக முடியாது. ஆனால், அப்படி நடக்க வாய்ப்பில்லை. லோன் வாங்கும்போதே உங்களிடம் பல இடத்தில் கையெழுத்து வாங்கியிருப்பார்கள். அதில் ஒரு FORM, INSURANCE சம்பந்தப்பட்டதாக இருந்திருக்கலாம்.
Sir Ipo nan 2018 la 12 lakhs loan amount vangirunthen adhula 2 lakhs ah katiruken monthly 12k account la deduct panranga extra 600 Rs deduct panranga adhu ketta 30k insurance potrukanga atha solranga appo loan close panrapo antha 30 k amount pay pannanuma sir
Usually, the customers should pay the one-time premium for home loan insurance. The premium amount is added to the home loan amount.
In your case, you would have paid the insurance as a one-time premium. But, the premium is might not be added to the home loan amount. Instead, they might have given you a personal loan to pay the premium.
If you pre-close your home loan, you can approach the insurance company and show the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. Moreover, the case is not yet closed. You have to continue to pay the personal loan EMI.
Contact branch for further details.
Sir,
If the home loan is preclosed, can we close the sbi suraksha insurance taken along with home loan? Could you pls let know the process sir?
Also the insurance is shown as a personal loan and premium deducted as a separate emi ..
Usually, the customers should pay the one-time premium for home loan insurance. The premium amount is added to the home loan amount.
In your case, you have paid the insurance as a one-time premium. But, the premium is not added to the home loan amount. Instead, they have given you a personal loan to pay the premium.
If you pre-close your home loan, you can approach the insurance company and show the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. But, the case is not yet closed. You have to continue to pay the personal loan EMI.
Contact branch for further details.
@@SMEDUTALK Thanks for your valuable suggestions sir. I'll check with the branch. Paying emi for pre closed loan is not fair. Hope they don't force that
Insurance irutha kuda death anathuku apro kuda insurance claim aguravariku deve kaitta soldraga illa na dakument thramatonu soldraga bro
If the death date is after the EMI due date, then you have to pay.
sir enga appa 18.5.21 la death agitaru .canfin la 5lakh loan vangiruntharu but veedu amma perula iruku and appakum insurance canfin la potrunthanga.. death aprom claim panalam sonnaga but ipo 2 due kattunga claim vara varikum konja konjama amout kkuranga sir ethukunu theriyala..claim aaguma ila loan mudium varaikum kattanuma sir...
suppose claim aana evlo amount sir refund aagum.totalah 7 emi 6000 monthly kattirukom sir.
pls rply sir
If they refuse to give the claim, ask them to give the written statement. But, be sure, you have all relevant documents/proof. If they refuse to give the written statement, escalate to their higher officials. Their mobile numbers are displayed in the insurance office or website.
I suggest you watch this video;
What to do, if my insurance claim is rejected? | Register a complaint against an insurance company
ruclips.net/video/yoHOygOeEqk/видео.html
Suppose, if they agree to give the claim, you won't get any money. The insurance company will take up the outstanding loan amount. You need not pay any money for the loan.
Sir, I have taken HL from sbi... like you said suraksha insurance they have added while I have Taken HL. Six years Loan tenure over.. shall go and close the Insurance? What's is the benefits or loss for me sir .. if I will close before completing my HL? Kindly revert me sir..
Usually, during the free look period (the First 15 days after taking insurance), you can cancel/close the home loan insurance. At other times, it is not possible. If you pre-close your home loan, you can approach the insurance company and show the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. Better contact branch for further details.
@@SMEDUTALK thanks for the response 👍
SBI property insurance mandatory edukanum soluranga RBI comes under but hfc NHB comes lic HDFC ICICI india bulls not mandatory enaku property insurance eduka interest illa but SBI mandatory soluranga but hdfc icic lic try panalam but interest rate high SBI has less interest rate
HOME LOAN எடுப்பதற்கு, HOME LOAN INSURANCE எடுக்க வேண்டியது கட்டாயம் கிடையாது. கட்டாயப்படுத்தினால் TERM INSURANCE எடுத்துக்கொள்கிறேன் என்று சொல்லுங்கள். மேலும் விவரங்களுக்கு, வீடியோவை முழுவதும் பாருங்கள்.
En mamiyar bankil mortgage loan 15,00,000 latsham kadan vaangi 19,50,000 katti iranthu vittar... Melum 10,00,000 katta vendum endru bank la solranga...enna seivathu nu sollunga sir... insurance podavum illai
Please watch this video;
What happens to bank loans if the borrower dies?(Tamil) |Who will take responsibility for repayment?
ruclips.net/video/KKQhYrPkpOQ/видео.html
Bro plz reply pannunga
EN appa name la loan iruku
En name la insurance iruku appa death agitanga ipo na loan kattanum ma, loan la 1st appa 2nd Amma 3rd authority na signature potrukn unagaluku therinjatha solunga enaku Enna panrathu theriyala
INSURANCE யார் எடுத்திருக்கிறார்களோ அவர் இறப்புக்கு பின் அந்த லோனை INSURANCE COMPANY ஏற்றுக் கொள்ளும். உங்க அப்பா பேரில் INSURANCE இருந்திருந்தால், தற்போது அந்த லோனை கட்ட வேண்டிய அவசியமில்லை. ஆனால், உங்கள் பெயரில் INSURANCE இருப்பதால், லோனை நீங்கள் கட்டிதான் ஆக வேண்டும்.
if we take home loan insurance in the EMi, after closing the house loan, we need to pay fully or we can terminate it?
No need to pay anything after closing the loan.
Brother already I taken term insurance 1cr and now I am going to but home through loan. In this scenario home loan insurance is required ah. Pls confirm
Not required
Job loss, temporary illliness, physical disability term insurance cover pannuma?
Or only for death
No, term insurance in India typically does not cover job loss, temporary illness, or physical disability. Term insurance is a type of life insurance that provides a death benefit to the nominee in case the insured person passes away during the policy term. It is designed to provide financial protection to the family or dependents of the insured in the event of their untimely death.
Good
Thanks
How to know I got insurance in my home loan
You might put your sign in the insurance documents at the time of applying the loan. If so, you were given the related insurance documents. Still you don't know, ask your bank, whether the insurance was taken along with the home loan or not.
Sir... Home loan na munnalae fore close panna insurance refund aguma....
If you pre-close your home loan, you can approach the insurance company and show the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. Better contact branch for further details.
Already i have home loan insurance.can i close that policy.how.please explain
Usually, during the free look period (First 15 days after taking insurance), you can cancel the home loan insurance. In other time, it is not possible. Better contact branch for further details.
Seven three five one zero seven tow one six zero ☎️☎️
Nice
Thanks
(home loan insurance)10 years loan ah 7 years la complete Panna balance 3 years Kaana insurance amount therumbe kedaikuma? sir
You can approach the insurance company and show the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. Better contact branch for further details.
@@SMEDUTALK 🙏
💐💐💐
SBI home loans property insurance mandatory soluranga
It is not mandatory.
Sir, pls give the details for home loan take over to other bank. I need to talk to you sir .
I have discussed about it a little in the following video. Please watch it;
Six ways to pay off your home loan quickly? (Tamil) | How to reduce home loan interest?
ruclips.net/video/j773P35t0E8/видео.html
If you have any other queries, please express here or send it to smedutalk@gmail.com.
Corona virus ku home loan insurance claim akuma sir
If a person who holds home loan insurance died (the reason may be the decease like fever by corona virus), the insurance company should bear the outstanding loan amount. His family do not pay any money.
Why didn't the insurance company repay the insured amount to the customers, at least 60% of the insured amount insurance company should pay back to the customers, Money never comes easy,
Sir நாங்க HDFC Bank la home loan insurance etudhu உள்ளேன் அண்ணா அதை எப்படி ஸ்டாப் பண்ணுவது அண்ணா.? Please ஹெல்ப் பண்ணுங்க அண்ணா
Usually, during the free look period (First 15 days after taking insurance), you can cancel the home loan insurance. In other time, it is not possible. Suppose if you pre-close your home loan, then you can approach the insurance company and so the NOC to close the insurance for the remaining period. But what will you get is a minimal amount. Better contact branch for further details.
Seven three five one zero seven tow one six zero ☎️☎️
சார் வணக்கம் நான் கடந்த 2014 ல் SBI Bank ஹோம் லோன் வாங்கி இது வரை மாதம் கட்டி
Then?
Husband n wife borrower nu iruku..Husband ilana wife katanuma..insurance claim aakuma sir sollunga
INSURANCE யார் பெயரில் எடுத்திருக்கிறார்களோ அவர் இறப்புக்கு பின் அந்த லோனை INSURANCE COMPANY ஏற்றுக் கொள்ளும். அதனால், HOME LOAN INSURANCEஐ APPLICANTன் பெயரில் எடுப்பது நல்லது.
SO, கணவர் APPLICANTஆக இருந்து, அவர் பெயரில் HOME LOAN INSURANCEஉம் எடுத்திருந்தால், அவர் இறப்புக்கு பின் மனைவி லோன் கட்ட வேண்டிய அவசியமில்லை.
@@SMEDUTALK name of the borrower nu en Husband and en name mum potrukanga sir..ithuku neenga sonnathu apply aakuma
Applicant and co-applicant இரண்டு பேரும் borrowersதான். வங்கியில் யார் applicant என்று விசாரியுங்கள்.
Sir enga appa home loan vaankidkaru But eranthutaru sbi bank la insurance avail pananum sonathuku unga appa insurance podala Neengatha katanum solrankaa Nambalamaa sir?? Ila naama check pana ethum vali irka?
1. Check any insurance related documents are there at your home
2. Check the loan documents (anything mentioned about insurance)
3. Checking your father's bank and/or credit card statements for evidence of any payments.
4. Calling your insurance broker or financial adviser (if you have one)
@@SMEDUTALK yes sir Loan statement Vaangunen 5k Something SBI Home Insurance Nu pidichidkanka Poi keta Athu disaster related nu solranka Claim panamudiyathunu Nambalama sir??
Ask them to give the written statement. If they refuse, escalate to their higher officials. Their mobile numbers are displayed in the insurance office or website.
I suggest you to watch this video;
What to do, if my insurance claim is rejected? | Register a complaint against an insurance company
ruclips.net/video/yoHOygOeEqk/видео.html
@@SMEDUTALK thank you sir
@@SMEDUTALK Sir One more Doubt please Sbi General Home Loan nu debit panidkanka intha Scheme death ku applicable ha sir?
Ethana year's insurance and home loan katti death ayitangana home loan katta thevai ill
No time limit. A person has to pay onetime premium for home loan insurance. So, once paid and loan disbursed, the insurance company will take over the home loan, after his demise.
Tq 😊
Sir ,please advise me. My father in law take Tata aig home loan insurance for 1 lack. Unfortunately he passed away on 2020 due to Covid. Now insurance company rejected our claim. How can I come out this issue. Is any way PL help me... urgent
Can you tell me the reason for rejection?
@@SMEDUTALK sir, they says Covid death is not in policy terms and conditions.
Sir , insurance company says,Reason for death is not under policy coverage
@@amirtharajsathiyanathan3159 Is it mentioned in the death certificate that the death is caused by Covid?
@@amirtharajsathiyanathan3159 Is it mentioned in the death certificate that the death is caused by Covid? If so, then first read the policy's terms and conditions by yourself or by an advocate. If it is not mentioned clearly, you have all rights to claim, fight with the insurance company, and get the help of the advocate.
Ur wrong bro... If parents both are lose thire life even trem insurance children can't claim the trem insurance upto 18 years so its difficult in that situation...
This is an exceptional case. How do you match this for all cases? Anyway, you can take any insurance. It is your wish.
லோன் வாங்கும் போது இன்சூரன்ஸ் போட சொன்னாங்க னு போட்டோம். என் கணவர் இறந்து விட்டார். இப்போது இன்சூரன்ஸ் இல்லை னு பேங்க் சொல்லுது. என்ன செய்வது சார்.
உங்களிடம் இன்சூரன்ஸ் எடுத்ததற்கு ஆதாரமாக ஏதாவது INSURANCE DOCUMENTS இருக்கிறதா? இருந்தால் அதை வங்கியிடம் காட்டி பேசலாம்.
@@SMEDUTALK ஒரு பிரிண்ட்டவுட் இருக்கிறது. அதில் 11 th பாயின்ட்ல
House/flat/property financed will be adequately insured with bank clause at your cost preferably through bank assurance. என உள்ளது. இத காட்டலாமா. இல்லை வேறு ஏதாவது டாக்குமண்ட் இருக்குமா
அதை காட்டலாம். அதை விட பலமான ஆதாரம் INSURANCE POLICY. அது இருக்கிறதா என்று பாருங்கள்.
@@SMEDUTALK சார் அந்த இன்சூரன்ஸ் பாலிசி எப்படி இருக்கும். மாடல் இருந்தால் காட்டுங்கள்
@@dhanman4358 I don't have any model.
Allah kappathanum anaivarum pray pannuvom!
இந்த விஷயம் பலருக்கும் தெரிவதில்லை. எனவே, முடிந்தவரை மற்றவர்க்குப் பகிருங்கள்.
Then loan eduthu one year ( loan and insurance katti) death ayitta loan katta thevai illaya
No time limit
வாகன கடனுக்கு லோன் எடுத்தவர் இறந்துவிட்டால் அவர் குடும்பத்தாருக்கு அந்த வாகனம் சொந்தமாகுமா?
அவர் லோனை கட்டி முடித்திருந்தாலோ, அல்லது மீதமுள்ள லோனை அவர் குடும்பத்தினர் கட்டி முடித்தாலோ தான், வாகனம் அவர் குடும்பத்தினருக்கு சொந்தமாகும்.
@@SMEDUTALK நன்றி
Bro insurance potta tha loan nu thara nu sollurainga 😔
HOME LOAN எடுப்பதற்கு, HOME LOAN INSURANCE எடுக்க வேண்டியது கட்டாயம் கிடையாது. கட்டாயப்படுத்தினால் TERM INSURANCE எடுத்துக்கொள்கிறேன் என்று சொல்லுங்கள். மேலும் விவரங்களுக்கு, வீடியோவை முழுவதும் பாருங்கள்.
@@SMEDUTALK SBI home loan branchku poi keten property insurance mandatory eduka soluranga
@@SMEDUTALK SBI home loans loan edukanum but without property insurance
Home loan wife Mela irunthu insurance husband Mela iruntha husband death ayitta loan katta thevai illaya 🤔
Home loan insurance is linked to home loan. So, applicant or co-applicant of the home loan can take the home loan insurance. As per my knowledge, third person cannot take the insurance. If husband is the co-applicant of the loan, then after his demise, the insurance company will take over the loan. For further clarity, better contact the bank/insurance officials.
Home loan wife Mela irunthu isurance husband Mela irunthu wife death ayita loan kattanuma pls solluga Anna
@@sapnayasmin467 pcp r ftfyf
@@SMEDUTALK ppppppp
Wife name la tha home iruku .. insurance um wife name la tha katturanga ....home pathram ellam wife name la irukku ...but husband death ayitta antha loan ah kattanuma ...illa kattura amount korayuma sir???
Yes, she has to pay the full loan.
Same ellam amma name la iruku
But insurance appa name la potu irukanga
Suppose appa death aaita loan insurance company accept panikum ah
And another dout term insurance lam poda mudiyathu nu solranga
Sir please sir. I have a doubt in lic loan. It is a bad situation for me. How do i contact you. For queries? Please sir
Please ask your queries here or at smedutalk@gmail.com
Thanks sir
Welcome