Need A Financial Product Forums Real estate How premium charges on property insurance is calculated by SBI

This topic contains 1 reply, has 2 voices, and was last updated by  Mahesh Mange 3 years, 4 months ago.

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    Mahesh Mange

    I have purchased a builder flat on loan from SBI for 39 lakhs. Loan is for 20 years. As desired by SBI, I agreed to opt for property insurance. My property is under construction and I will get possession after 6 months. Early this year, SBI added Rs. 20,025 to my account as premium charges. How can I know that the calculation made by SBI is correct and they have not added undue amount?



    You can ask for premium quotation from SBI General Insurance and can verify whether the charges have been levied correctly or not.

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