Is home loan protection insurance tax deductible?

Is home loan protection insurance tax deductible?

You can avail of tax deductions under Section 80C of the Income Tax Act 1961 on the premium you are paying for a home loan protection cover.

How can I get home loan from LIC policy?

Steps to Avail a Loan Against LIC Policy Visit the nearest LIC branch office. Fill out the loan application form. Submit the required documents. Once processed, the loan will be disbursed within 3-5days.

What is not covered in house insurance?

Lack of maintenance. It’s important to keep your home and contents well maintained and in good condition. Home insurance policies do not cover or fix general wear and tear or insufficient maintenance.