I have borrowed home loan from SBI for Rs. 51.75 lakhs. I am thinking of purchasing SBI life rinn raksha. Do you think that it is a better plan? Or should I look for some other plan? Please guide me
If you have a strong preference for SBI, then I will recommend you to purchase a term policy from SBI Life Insurance. Otherwise, you can get a good term policy from any other insurer of repute. I will further advice you to go for a large sum as cover rather than covering only for your home loan.