You have planned for your home with great detail. You searched for it extensively. You selected the area keeping in mind the convenience to you and your family. Finally, you arranged the loan to make the purchase. Truly, your home is your best gift to your family.
Just imagine what would happen, if due to an unfortunate event, you were not around. The entire burden of your home loan would have to be borne by your family.
But you can ensure that they inherit a home and not a home loan through our powerful Homesurance® Plan.
We understand the importance of protecting your home loan and the powerful Homesurance® Plan can help you insure your home loan at a reasonable cost.
What is Homesurance® Plan?
Complete protection for your home loan
IDBI Federal Homesurance® Plan is a mortgage reducing term plan which offers protection to you and your family from your home loan liability. The plan provides a cover equal to the outstanding balance of your home loan in the unfortunate event of expiry of the insured.
Advantage Homesurance® Plan
Maximum flexibility and minimum cost
The regular premium option has a limited term which is 2/3rd of your loan term, rounded off to the lowest integer. This facility allows you to pay off your premiums earlier so that you may get over your liability of paying premiums faster.