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Home Loan Insurance, also known as Mortgage Protection Insurance, is designed to safeguard borrowers and their families against the financial burden of loan repayments in the event of unforeseen circumstances such as death, disability, or job loss. It ensures that the outstanding mortgage balance is paid off or covered, providing peace of mind and financial stability during challenging times. This insurance can be an essential component of a comprehensive financial plan for homeowners.
Learn more: https://www.aavas.in/blog/home-loan-insurance