Common use of Insurance of the Borrowers Clause in Contracts

Insurance of the Borrowers. Customers have the option to take a Life Insurance for the term. Customers would be required to take property insurance covering the building from natural calamities. Aptus has tied with a Life Insurance Company and offers the Term cover with premium calculated on the outstanding loan amount. The premium amount would be payable separately by way of cheque/DD or deduction while Loan disbursement

Insurance of the Borrowers. Customers have the option to take a Life Insurance for the term. Customers would be required to take property insurance covering the building from natural calamities. Aptus has tied with a Life Insurance Company and offers the Term cover with premium calculated on the outstanding loan amount. The premium amount would be payable separately by way of cheque/DD or deduction while Loan disbursement.

Insurance of the Borrowers. Customers have the option to take a Life Insurance for the term. Customers would be required to take property insurance covering the building from natural calamities. Aptus has tied with a Life Insurance Company and offers the Term cover Credit Shield with premium calculated on the outstanding loan amount. The Customer will be given an option of deduction of Credit shield premium amount would be payable separately from the loan amount or payment by way of a separate cheque/DD or deduction while Loan disbursementDD.