A home loan is an extended-name monetary responsibility one to a debtor must pay off contained in this the mortgage months. Should your debtor struggles to pay back EMIs due to unforeseen affairs such passing, collision, otherwise employment loss, financial insurance comes into the picture. To put it differently, financial insurance policies otherwise financial insurance rates talks about the borrower and you will ensures home loan installment. Observe that its unlike home insurance, and that covers your property against one unanticipated feel. Continue reading →