What is home loan protection plan (HLPP) ?
Home loan protection plan (HLPP) also known as mortgage reducing term insurance plan, ensures that the insured amount would be made available towards the repayment of your loan on your death or on loss of income due to disability.
This makes sure that your family or dependants do not have to worry about the loan's repayment and your home will not be taken away by the bank.
Home loan protection plan (HLPP) is extremely critical and you should definitely avail it for the sake of your family.
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on January 20, 2012, 11:15 am