Sunday, May 15, 2016

Risk cover for your home loan

Rangan is 35 years old, married, has twins aged three years. His wife, Ragini, is a home-maker. She teaches music to a few young aspirants and earns a small amount of money every month that takes care of her personal expenses. But Rangan is the main earning member of the family. He works for an IT company, earns well, has a home loan which still has another 17 years of repayment (Rs.50 lakh more to be paid including principal and interest), has a car loan to be paid for another three years, and has to take care of his children’s education over the next 20 years. 
Read more at http://www.thehindu.com/todays-paper/tp-features/tp-propertyplus/risk-cover-for-your-home-loan/article8597495.ece


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