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deeptikoshy
Posts: 2
Registered: ‎20-07-2017

home insurance

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?

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Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
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 

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Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
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