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insurance for home loan or HLPP is it mandatory to buy or not | Home loan insurance is mostly known as HLPP

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                    HOME LOAN PROTECTION PLAN                           Do you really need a home loan protection plan?           Home loan insurance is mostly known as HLPP (home loan protection plan) home loan insurance cover                                                                                          Nowadays everyone wants to build their own dream home. But everyone did not have the financial ability to build their home as they dreaming it and here Home loan providers play a major role in their lives. These home loan providers basically can be banks, NBFC's. Banks and NBFC’s mostly earn interest through these loans. Hence, that’s the only reason they force people to buy such loans. Coming to the point the HLPP (home loan protection plan) it provides protection against home loan liability or outstanding loan amount of borrower in case of untimely death, so the family will not have to vacate the house. It's not as beneficial as term in

Insuarance buying guide to choose right insuarance plann

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 1.life insurance:- There are several types of products available in life insurance in India. • Term insurance • ULIP plan • Endowment policy • Annuity/pension policy • Whole life policy Choosing which plan is good for us? It depends on our goal. insurance buying guide 1) Set your goal:-  Choosing where to invest our money is very confusing. most of the time people mix the investments and insurance together. But both are different things. without knowing what is their goal, they just randomly choose polices. So in this case, you should set your priority and goals first and then choose the right path to invest your money. Don't just west your money under the name of future security. 2)Never mix the insurance and investments:-  Investments give you a chance to make money but insurance policies not. Because these policies are mint to give you security for a particular time, not returns. Insurance policies are the security for any possible loss or danger. You sho

Insuarance buying guide to choose right insuarance plann

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                                        How to choose the right insurance   plan The insurance buying guide on how to select the right insurance plan and get benefit from the money that you pay, under the name of insurance.   Why do we buy insurance ? Insurance for family protection  As life is becoming easier than ever, So the risk of death is increasing as well. Because of the growing population, life became challenging. To cover this risk Need to build a solid wall, because nobody knows the future and life is uncertain. And here the insurance policy plays a crucial role in our life.                    So here I am going to guide you in  the insurance buying guide, in step by step process.    Types of insurance 1. Life insurance 2. Health insurance 3. Term insurance 4. General insurance 5. Vehicle insurance