How Much Is Mortgage Life Insurance Per Month?

How Much Is Mortgage Life Insurance Per Month?

Mortgage life insurance is a type of insurance policy that pays off your mortgage debt if you die or become disabled. In India, the cost of mortgage life insurance depends on factors such as the amount of coverage you need, your age and your health condition. The average cost per month can range from 500 to 1000 approximately. It is important to compare different policies to get the best deal and ensure that you have adequate coverage for your needs.

How Much Does Mortgage Life Insurance Cost?

The cost of mortgage life insurance can vary based on several factors such as the age, health, and occupation of the insured person, the amount and term of the coverage, and the type of mortgage being insured.

What Is Mortgage Life Insurance?

Mortgage life insurance policy is also called as Home Loan Protection Plan (HLPP) that covers the borrower against the non-payment of EMI in case of death of the borrower. Mortgage life insurance can be taken out as part of a traditional term life insurance policy or as a stand-alone product.

How Does Mortgage Life Insurance Work?

Mortgage life insurance is a type of term life insurance that pays off your mortgage in the event of death or disability. This means that the policy will pay off your mortgage if you pass away or become disabled, meaning that you won't have to sell your home to cover the cost. This can be an excellent option for people who don't want to worry about their family having to sell their home and struggle with debt after they pass away.

How Much Premium for 20 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.

How Much Premium for 15 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.

How Much Premium for 10 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.

How Much Premium for 7 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.

How Much Premium for 5 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.

Previous Next

Related Articles

{rupee_symbol}5 Crore Term Insurance in {City}, {State} {Pin} | Compare Plans

{rupee_symbol}5 Crore Term Insurance in {City}, {State} {Pin} | Compare Plans

   
{rupee_symbol}5 Crore Term Insurance in {City}, {State} | Check Premium Rates

{rupee_symbol}5 Crore Term Insurance in {City}, {State} | Check Premium Rates

   
{rupee_symbol}5 Crore Term Insurance in {State} | Premiums & Coverage

{rupee_symbol}5 Crore Term Insurance in {State} | Premiums & Coverage

   
5 crore Term Insurance Plans | Compare Online – PolicyBachat

5 crore Term Insurance Plans | Compare Online – PolicyBachat

   

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

Start Comparing
1,000+ Reviews
Been Here Before?
Get Back to My Quotes

PolicyBachat Blog

Life Insurance By City

Life Insurance By State

Life Insurance Companies

Please wait while your request is being processed.