Need A Financial Product Forums Insurance Is my loan cover from SBI Suraksha for 5 years

This topic contains 1 reply, has 2 voices, and was last updated by  Vicky Mehta 3 years, 6 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #46973

    Vicky Mehta

    Recently I have borrowed a loan from SBI amounting Rs. 24, 00,000. SBI has provided me a cover on loan amount with SBI Suraksha for a premium of Rs. 14,770 per year. My loan tenure is 15 years. I want to know whether my loan cover is for 5 years or for 15 years.


    Hitesh Jain

    You will be paying premium for the cover for next 5 years but it will provide you a cover for the entire duration of your loan, i.e. 15 years in your case.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.