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Contributor
Anurag Pandit
Posts: 23
Registered: ‎23-08-2017

If I prepay my home loan will my home insurance get auto terminated.

If I prepay my home loan will my home insurance get auto terminated or should I intimate the Home Insurance company?

1 ACCEPTED SOLUTION

Accepted Solutions
Contributor
Arti
Posts: 80
Registered: 2 weeks ago
Solution

Re: If I prepay my home loan will my home insurance get auto terminated.

Dear Sir , 

 

If you pre-pay the loan, the request for policy cancellation is mostly received from the bank. In case the bank missed to intiate the cancellation of the policy, you can place a request for cancellation of the insurance by uploading required documents on the self-help section of our website under cancellation Module 

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Contributor
Nikhil Shetty
Posts: 23
Registered: ‎28-08-2017

Re: If I prepay my home loan will my home insurance get auto terminated.

I think you need to inform the insurance company as well. 

Contributor
Arti
Posts: 80
Registered: 2 weeks ago
Solution

Re: If I prepay my home loan will my home insurance get auto terminated.

Dear Sir , 

 

If you pre-pay the loan, the request for policy cancellation is mostly received from the bank. In case the bank missed to intiate the cancellation of the policy, you can place a request for cancellation of the insurance by uploading required documents on the self-help section of our website under cancellation Module 

View solution in original post