Abstract
In the era where banks are finding it difficult to recover their loan money from people, the banks have come up with the concept of Loan Insurance. It is mainly for insuring the term loans, like home loans etc. Home Loan Insurance is an Insurance plan that covers only your outstanding loan liability. In case of death of the borrower, the proceeds of home loan insurance cover help the family repay outstanding loan. Indian Bank has been chosen for a case study. For Loan Insurances the Indian bank has entered into tie-ups with various other Companies, like for example, for Health, the Bank has a tie up with M/s. United India Insurance Co Ltd. and for Home Loan Insurance with Kotak Mahindra Old Mutual Life Insurance Ltd. Thus, in this way the Bank recovers its money from the insurer and the Insurance company get more customers through Bank contact.
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