Don’t just stop at taking a home loan, make sure it’s insured too

Dealing with the aftermath of Covid wave 2 has been unsettling and depressing.  The family which has lost a loved one suddenly needs to deal with a lot of chaos and confusion, not even allowing them to grieve in peace.  This is primarily since in most households, one spouse takes the lead in handling finances and related matters.  The other spouse naturally gets complacent that these matters are being taken care of and hence doesn’t even attempt to get a broad picture of the state of assets, liabilities etc.

While this experience has given a lot of action points and mistakes people should avoid, we will concentrate on liability, especially the home loan for the sake of clarity.


Our latest article, published on Moneycontrol


Image credit: Moneycontrol


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