Q. I have taken 14lakh SBI homeloan.Its regarding Geneal insurance for Home loan which is also called home insurance?which home insurance will be cheapest for 14lakh homeloan &its amount? is home inurance is compulsory for homeloan? plz help
:  A. all general insurance companies....... not private ones have to follow the same rules as their govt. undertaking bodies. united india ins. co. etc. more

Q. Is home insurance is compulsory for SBI home loan?i got money 4m bank now but bank is telling to have it compulsory 4 the complete of homeloan& then EMI.plz help?
Tapan:  A. It is always good to have insurance of house as well as of self to the tune of atleast loan amount you are borrowing so as to provide adequate...... more

Q. Three days back I got a call from my bank offering me household insurance for Rs15 lacs for two years at a premium of Rs6282/- to be paid for one year only.I refused.Today the called me again saying theat I need to pay only two instalments of Rs523/ - each for the same coverage a one time processing fee of Rs331/-.When I objected to paying the processing fee, they said they will waive it.Have these companies become so desperate to sell insurance that they will make all sorts of adjustments and offer such deep discounts?
Tapan:  A. May I introduce myself as a retired banker? Mehtaji, banker\'s as policy would not do so; so far as SBI is concerned. Other banks might hv gone so...... more

Q. Which bank do you trust for credit cards?
HEMANT MEHTA:  A. All banks are one and the same. and are tied up with retail merchants. Check which is the highly utilised item by you and find out the bank who are...... more