ASHIANA SURAKSHA (Life Insurance Cover)

Union Bank of India now provides complete protection to its home loan borrowers. Now home loans from Union Bank of India come with life insurance cover equivalent to the amount of the outstanding home loan. Insurance cover provided by Star Union Dai-ichi Life Insurance Co. Ltd., who alone bears the insurance liability. Union Bank has tied up with Star Union Dai-ichi Life Insurance Co. to provide unmatched security to all those who avail of the home loans. It provides complete security to the family in the event of an unfortunate death of the home loan borrower. Star Union Dai-ichi Life Insurance Co assumes the responsibility to repay the balance loan amount (as per original EMI schedule) in the event of death.

More....