DISCLAIMER
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
 
The imagery used on the website and brochures are indicative of style only. Photographs of interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.
 
Changes may be made during the development of a real estate project and standard fittings and specifications are subject to change without notice. Standard fittings and finishes are subject to availability and vendor discretion. Fittings, finishes and fixtures shown in the images contained in this brochure are not standard and will not be provided as part of an apartment. The information contained herein is believed to be correct but is not guaranteed. Prospective purchasers should make and must rely on their own enquiries. The colours of the buildings are indicative only. This website and all brochures are a guide only and do not constitute an offer or contract.

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Existing Customer Call us : +91-80-67724001 / 1-860-208-0000
Insurance on Loans

What is loan insurance/credit insurance?

Most lenders offer an insurance plan covering the outstanding amount on the loan. This is usually a depleting term plan which covers the risk of an unfortunate event in the borrower’s life that may lead to inability on the borrower or his/her family’s part to pay the loan installments. These are usually single premium policies taken at the time of availing the loan. Some lenders may offer the same at a later stage as well with coverage equal to the loan outstanding. The standard parameters such as age, pre-existing illnes, smoking profile etc still apply when calculating the premium for such policies. When availing large loans it is often advisable that borrowers avail of credit insurance.

In case of property-based loans, does the property have to be insured?

Some lenders require the property to be insured for fire and other appropriate hazards, as required during the loan tenure. The lender will be the beneficiary of the insurance policy. This is often an additional expense which adds to the final cost of the property.

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Disclaimer:- The imagery used in the website is indicative of style only. The photographs of the interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.

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