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 2 years, 5 months ago.

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  • #47247

    Mahesh Mange
    Member

    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?

    #47248

    Kirtikumar
    Member

    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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