What is Loan Insurance, and who should opt for it?
Life is full of uncertainties. Unexpected events can sometimes affect our ability to repay Loans. Loan Insurance, also known as Loan Protection Insurance, provides financial security if you cannot meet your Loan repayments due to certain circumstances. What is Loan Insurance? Loan Insurance is designed to safeguard borrowers and lenders from potential financial problems if the borrower cannot repay their Loan. This could be due to illness, disability, job loss, or death. It covers different Loan