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Date : Jul 22, 2009


Dear Sir, I have applied for homeloan with SBI. SBI is saying that i have to take Insurance with SBI Life and for 30L loan they have come up with 69k as one time premium. Can you please let me know is this mandatory. If so i feel 69k is too high premium.


Some home loan lenders may make it compulsary for the loan to be insured mandatory and in some cases, by a specific company.



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