Archive · 10 Jan 2026
Policybazaar Launches Affordable Online Home Loan Insurance
Policybazaar has introduced a new Online Home Loan Insurance that is more affordable and flexible than traditional offline options.
This insurance can be bought separately and offers savings of up to 72% over the loan period.
It also has no GST, flexible payment terms, and ensures that claim payouts go directly to the family.
Many people are not aware of these online options, so Policybazaar aims to increase awareness and provide better choices for borrowers.
Policybazaar has launched an Online Home Loan Insurance product that is more cost-efficient and flexible than traditional offline options.
Online Home Loan Insurance offers up to 72% savings over a 20-year loan tenure compared to offline insurance.
The product has zero GST and flexible payment terms, allowing customers to foreclose loans without additional costs.
Claim payouts are directed to the family, providing financial autonomy during critical moments.
Awareness of Online Home Loan Insurance is low, and Policybazaar aims to address this gap with its new offering.
- Who
- Policybazaar has launched a consumer-first Online Home Loan Insurance product.
- What
- The product offers affordability, clarity, and choice in home loan insurance.
- When
- The launch is recent, with no specific date mentioned.
- Where
- The product is available online in India.
- Why
- To address the need for affordable, flexible, and transparent home loan insurance solutions.
- Cost Efficiency
- Online Home Loan Insurance is up to 72% more cost-efficient than Offline Home Loan Insurance over a 20-year loan tenure.
- GST
- Zero GST on Online Home Loan Insurance.
- Monthly Premium (Offline)
- ₹2,492
- Monthly Premium (Online)
- ₹729
- Total Premiums Paid (Offline)
- ₹5,98,249
- Total Premiums Paid (Online)
- ₹1,65,200
- Flexibility
- Customers can foreclose loans without additional insurance costs and opt for payment terms as per their requirements.
- Claim Payouts
- Claim payouts go directly to the family.