Punjab National Bank Housing Finance [Pnbhfl] — Insurance with Home Loan
S
Sri153
from Hyderabad, Telangana
Jul 21, 2021
Is it mandatory to the insurance provided by PNB while taking home loan as per RBI/IRDA guidelines? This is what I am hearing from the loan processor and in fact I have good term policy to cover and am willing to assign this policy to the loan.
But first things first. Is it a compulsion to take insurance? Can the home loan cannot be given without taking insurance from you.
Thank you
Srikanth
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