The housing finance outfit of General Insurance Corporation of India (GIC) has introduced a limited period special scheme for the festival
season starting from October 1, for all new individual housing loans up to Rs 1-crore. For period of six months and thereafter reset to the then pre accidental death insurance cover and free property insurance cover would applicants.

The company has also introduced a unique life insurance com in tie-up with Kotak Mahindra Old Mutual Life Insurance Ltd., where a credit account holder against death due to any cause including accidental death.

In reponse, the company said, adding that the borrower opting for this scheme can ale premium component from GICHFL.

In addition to the above scheme funched a loan scheme carrying interest at 8.95 per cent per annum fixed for year.


Source - Economictimes.com

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