Which is best insurance scheme “Home loan insurance or Life Term Insurance to protech Home loan?
your asking whats the best policy to get, since that your home is under home mortgage or acquired through loan, precisely you have still a balance payable in the form of monthly amortization. I would suggest you get a mortgage redemption insurance (mri) to protect your heirs from the burden of assuming your loan balance should something happen to you. it is also quite practical to get a life insurance whether permanent or term for your family’s protection that will also include of course health benefits.
