Need A Financial Product › Forums › Insurance › How RinRaksha policy works and what are its benefits

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  • September 9, 2014 at 9:14 am #47298
    samkapoor77
    Keymaster

    Within a month’s time I will apply for a home loan from SBI. I want to know about RinRaksha Policy, how it works and its advantages. Please guide

    September 11, 2014 at 4:41 am #47299
    samkapoor77
    Keymaster

    RinRaksha is a mortgage cover policy offered by SBI to its home loan borrowers. Premium on this policy is added to your loam amount and the sum assured in this policy will always equal to your outstanding amount. In the unfortunate event of death of the borrower, his family can file a claim with SBI Life and the sum assured will directly be credited to SBI to settle the amount of loan.

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