Personal loan News
General Insurance: Bhargav Dasgupta
I have a personal loan of Rs 1 lakh and a car loan of Rs 3.2 lakh, which will continue till November 2013. I don't want my wife to repay if something happens to me. Will a personal accident cover help? What does it cover?
Yes, a personal accident cover will help in covering the loans to the extent of the sum insured. The policies primarily cover death or permanent total disability due to an accident.
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