Under the Home Suraksha Plus policy bought with the Home Loan, in the event of a claim while the outstanding loan principle amount is lesser than the sum insured, is the difference amount paid by the Insurer to the Insured? Or is the claim valid only to the extent of the outstanding principle amount?
15-09-202103:05 PM - last edited on 15-09-202103:09 PM by Joan
15-09-202103:05 PM - last edited on 15-09-202103:09 PM by Joan
Solution
Re: home insurance
Under the Home Suraksha Plus Plan, in the event of a claim if the outstanding loan principle amount is lesser than the sum insured, then the difference amount is paid by the Insurer to the Insured.
Please refer to policy wording for further details
15-09-202103:05 PM - last edited on 15-09-202103:09 PM by Joan
15-09-202103:05 PM - last edited on 15-09-202103:09 PM by Joan
Solution
Re: home insurance
Under the Home Suraksha Plus Plan, in the event of a claim if the outstanding loan principle amount is lesser than the sum insured, then the difference amount is paid by the Insurer to the Insured.
Please refer to policy wording for further details
