How to buy an insurance for home loan

[IndiaInsurance]

Home loan insurance is a plan that covers a borrower's outstanding loan liability. In case of his death, the proceeds are used to pay the outstanding loan, thus reducing the family's burden. These policies typically offer a cover that reduces every year as the loan amount comes down. Most lenders offer such policies with home loans due to tie-ups with insurance providers, but one can buy a plan independently as well.

More... (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/how-to-buy-an-insurance-for-home-loan/articleshow/24039844.cms)