Punjab National Bank Housing Finance [Pnbhfl] — take insurance policies with home loan

Address:BOISAR, Thane, Maharashtra, 401501

I have applied for home loan at pnbhfl boisar (Palghar) branch. They have not informed me about insurance policies starting while applying. Suddenly they have added 82500 rs insurance amount to home loan in sanction letter. During my registration period of flat. Pnbhfl executives are forcing me to take insurance saying mandatory. And processing fees charged to me 1% on loan amount with insurance cover.
After consulting legal advisors, under rbi insurance act laws, no bank can force customers for insurance policies with home loan. I will not be able to take the insurance policy mentioned in the sanction letter.
So i request you to please check with the pnbhfl boisar navapur road branch and request to exclude insurance premium from the loan sanction. Please help.
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Punjab National Bank Housing Finance [PNBHFL] customer support has been notified about the posted complaint.
Feb 18, 2020
Updated by A W
Not solved my complaint.
please, do the early as possible.
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    Punjab National Bank Housing Finance [PNBHFL] Phone
    +91 11 2335 7174
    1 800 120 8800
    Punjab National Bank Housing Finance [PNBHFL] Address
    9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi, Delhi, India - 110001
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