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