How premium charges on property insurance is calculated by SBI

[samkapoor77]

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?

[samkapoor77]

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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