Tata Home's insurance cover

If you are a housing loan consumer with Tata Home Finance, there is group insurance cover on offer.

The company has announced a group insurance product called Mortgage Reducing Term Insurance (MRTI). This is a voluntary plan offered to housing loan consumers of Tata Home Finance. The plan insures the home by settling the mortgage outstanding in the event of loss of life.

There is also an option of cover for partial and whole disability. For this purpose, a group MRTI has been purchased from Tata AIG Life Insurance. The policy-holder will be Tata Home Finance. A housing loan consumer will have to avail of the insurance cover at the time of taking the loan. -- BL Research Bureau