Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

HDFC Home Loan Protection Plan

By Moneylaxmi Subscribe to RSS | June 29th 2012 | Views:
loading
 
  



What would happen to my family in case of my unfortunate decease anytime during the loan tenor? This is a familiar question for every home buyer. To assure your peace of mind HDFC Bank planned to protect your family from your loan liabilities in case of your unfortunate demise within the policy term. This plan intends to ensure that your family does not lose the shelter that you have dreamt for them, in case you are not around to pay off the outstanding monthly installments on your housing loan. This gives you the relief that in your absence, a sum of money will be obtainable towards repaying your housing loan, guaranteeing that your family will be secure in your family home.

Advantages of Protection Plan HDFC Home Loan:

• The sum assured is intended to help pay-off your outstanding home loan in case of your unfortunate death

• Policy can be availed by paying a single premium in advance

• You can avoid paying for the protections which you do not need

• The minimum eligibility limit to avail this plan is 18 years and the maximum is of 50 years.

• The minimum sum assured under this plan is Rs.2000

• The maximum sum assured under this plan is Rs.30, 00,000.

• The premium amount can be included in the housing loan and repaid as part of the loan repayment installments

• Decreasing Sum Assured makes sure that you do not pay for protection you don't need

Understanding that Housing Loan is a long-term financial assurance HDFC advises customers to take Housing Loan Insurance for protecting their loan. In case of any probable occurrence during this period, it is safe to make sure that the family is not loaded with the loan liability. Hence, to take care of such worries during such a long period, HDFC along with its group company HDFC Standard Life Insurance offers a Home Loan Protection Plan planned specifically to cater home loan customers. This plan ensures that the company will pay all the outstanding home loans in case of your unfortunate death. It would pay off the loan outstanding and the remaining lump sum is provided to the beneficiary. The HDFC Home Loan Protection Plan proffers outstanding value for money.

Eligibility:

Minimum age at entry 18 years

Maximum age at entry 50 years

Maximum age at expiry 60 years

In a nutshell, HDFC Protection Plan confirms that your dependants will be secure in your family home, even if you are not there with them. The lender is the first private housing finance company to offer insurance cover to customers.

Moneylaxmi - About Author:
Moneylaxmi.com is a housing Finance company. Every home loan applicant, seeking housing finance support from hdfc needs to meet the HDFC Home Loan eligibility criteria.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/hdfc-home-loan-protection-plan.htm

Related Loans Articles Subscribe to RSS

Installment loans for bad credit- Useful loan available online for all!
Published by Gorgie Nork on July 19th 2012 | Loans
If you have taken installment loans for bad credit, you can easily get relieve from any cash crisis....
 
Small payday loan- Impeccable fiscal solution for salaried people
Published by Abell Bush on April 13th 2012 | Loans
By acquiring quick cash through small payday loan, you can combat unforeseen financial trauma with e...
 
Instant small phone loan- Small fund but highly useful for borrowers
Published by Elbert Jthen on April 24th 2012 | Loans
Nowadays, Instant small phone loan is considered to be the best reliever of financial stress for peo...
 
Private school loan for bad credit- Ultimate way to gain valuable money
Published by John Simen on July 11th 2012 | Loans
By availing quick funds through private school loan for bad credit, you can manage financial needs o...
 
Speed loan: Speed matters with quick individual safe loan
Published by Ian Foster on January 10th 2012 | Loans
Speed loan is connected with loans with chief difficulty and lenders assumed a cumbersome process to...
 
Finest car loan finance conditions clarify
Published by MarK Fulton Matthew on February 27th 2012 | Loans
Car loan finances investigate extra about you with no trouble online and only require learning those...
 
One month loan: Get Additional Money
Published by Kelse Roy on May 23rd 2012 | Loans
One month loan is the suitable deal if you need money for a while without any security and any other...
 
I need a payday loan- How should I tackle the situation?
Published by Ponting Sarad on November 29th 2011 | Loans
By getting payday loan, you have right option to fulfill financial crisis without any hassle....
 
Get a payday loan- Easy and convenient way to acquire instant money
Published by Ponting Sarad on July 3rd 2012 | Loans
By getting a payday loan, you can instantly acquire quick funds so that you can easily fight against...
 
60 day loan- Valuable cash help for all
Published by David Hassia on April 4th 2012 | Loans
By availing quick cash through 60 day loan, you can manage financial emergencies with ease....
 
HDFC home loan
Published by Dialabank on April 3rd 2012 | Loans
Now a days’ getting home loan is quite an easy task. HDFC Home Loan can be home equity loan or mor...
 
Wedding loan: Ideal Substitute for Your Marriage Purpose
Published by Kent Jesy on April 25th 2012 | Loans
wedding loan is a gateway where you can enter to borrow comfortable money with no hassle using onlin...
 
6 month loans online- No requirement of lengthy formality for taking loan
Published by Aldis Roy on June 25th 2012 | Loans
By acquiring quick cash via 6 month loans online, you can overcome fiscal worries without any delay....
 
Apply online for bad credit installment loan- Offers quick funds for everyone!
Published by Bailey Molton on June 9th 2012 | Loans
If you are availing bad credit installment loan, you get quick funds up to $1500. This small fund is...
 
1000 cash loan- Grab quick cash and remove cash crisis now!
Published by Morgan Sadyu on May 4th 2012 | Loans
With the aid of 1000 cash loan, it is possible for you to borrow quick cash to meet unexpected finan...
 
Next day loans- Get quick loan without taking much longer time
Published by Jaren Lese on July 7th 2012 | Loans
If you are acquiring quick funds via next day loans, you can easily fight against unexpected fiscal ...
 
Quick cash loans- Reliable and useful loan for Australian
Published by Adinm Gaili on March 27th 2012 | Loans
If you have any credit problems, you can now apply for Quick cash loans to meet financial crisis wit...
 
1000 cash loan- Right choice of financial support for borrowers
Published by Morgan Sadyu on April 3rd 2012 | Loans
If you have obtained quick funds for 1000 dollar with the assistance of 1000 cash loan, you have gre...
 
Small loans for people with bad credit- Useful loan for bad credit folks
Published by Narten Jonner on July 1st 2012 | Loans
If you are taking quick funds via small loans for people with bad credit, you can easily meet cash h...
 
Payday loan with debit card- It gives versatility to obtain quick money
Published by Nain Seek on December 23rd 2011 | Loans
For getting quick cash loan, the payday loan with debit card is also commendable that offers quick c...