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Home Loan Insurance Plans in India
Introducing exclusive Home Insurance plans for home loans in India, that can provide cover to your Home loan in the face of any unforeseen event happening to your life. In case of any of these happenings, your family will have the support of the insurance cover to pay for the outstanding Home loan, without being burdened by the loan EMI's.
ICICI Bank Home Loans presents "Home Safe Plus" & "Home Assure" two exclusive and innovative insurance plans to insure your Home Loan.
Home Safe Plus*
Key Benefits of Home Safe Plus:
- No medical checkup upto 3 crores premium.
- Comprehensive insurance plan for individual, home and its contents.
- Single premium long-term insurance plan.
- In the event of PA & permanent or total disability claims, monthly payment of sum insured (Rs. 25000 for next 60n months).
- Multiple applicants can be covered under the same loan.
- Premium paid for the Critical Illness cover is eligible for tax benefits u/s 80D of the Income Tax Act.
- Sum Insured remains constant throughout the policy period (loan O/S amount to come to bank, rest goes to individual).
Home Assure#
Key Benefits of Home Assure:
- Life Cover from Home Assure for the entire home loan tenure.
- Provides reducing cover to the loan borrower for the tenure of the loan; from the date of availing the cover.
- Special non-medical limits only for ICICI Bank Home Loans customers.
- In case of death of the loan borrower, the benefit, which is as per the original loan schedule and the specified moratorium period, would be used towards paying your outstanding loan amount to ICICI Bank.
- Provides cover for the loan borrower for the entire loan amount during the under construction period.
- Availability of joint life coverage.
- Tax Benefit on premium paid under Sec 80 C.
- Simplified claim procedure.
*Insurance cover for Home Safe Plus provided by ICICI Lombard General Insurance Company. #Insurance cover for Home Assure provided by ICICI Prudential Life Insurance Company. Please refer the Home Safe Plus and Home Assure brochures for more details. Insurance is a subject matter of solicitation. Customers have the option of taking insurance from any other insurance company. |
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