If a mortgage buyer buys a Life Insurance coverage coverage and dies in the course of the time period of the coverage the excellent Mortgage quantity will be settled out of the insurance coverage declare. It isn’t necessary however advisable to purchase a time period life insurance coverage coverage with a sum assured equal to the mortgage excellent and a time period equal to the tenure of the mortgage.
This video is for instructional and informational functions solely. Viewers ought to seek the advice of their Insurance coverage Advisors/monetary advisors/ Tax Consultants earlier than making any funding selections.
Mutual Fund investments are topic to market dangers, learn all scheme associated paperwork fastidiously. The NAVs of the schemes might go up or down relying upon the elements and forces affecting the securities market together with the fluctuations within the rates of interest. The previous efficiency of the mutual funds is just not essentially indicative of future efficiency of the schemes.
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