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Insurance Services
In our endeavour to provide the best services to our loan borrowers, we offer multiple insurance to cover - death of a borrower, damage to the property & Hospitalization cost.
- Ummeed Housing Finance has tied up with ICICI Lombard General Insurance & Bajaj Allianz General Insurance Co. Ltd. to offer property insurance to provide coverage to the mortgaged properties.
- The insurance provides coverage to mortgaged properties against any damage due to natural calamities like Fire, Earthquake, Flood.
- Reconstruction cost (up to the coverage amount) can be claimed in case of any eventuality.
- The cover is provided for full loan tenure or 10 years (whichever is lower) & total loan amount with one time premium (single premium).
- Ummeed Housing Finance has tied up with Kotak Life Insurance & ICICI Prudential Life Insurance to offer Life Insurance coverage to the main income borrower in the loan structure.
- In the event of death of the insured borrower, principal outstanding of the loan (as per the amort chart of the Insurance policy) is repaid by the insurance company.
- The cover is provided for full loan tenure & total loan amount with one time premium (single premium).
