Tools
Loan Insurance Calculator
Protect your EMIs. If something unexpected happens, insurance ensures your loan is fully repaid — no burden on your family.
Standard Cover
₹208/mo
added to your EMI
Cover Amount
₹5.50L
Total Premium
₹8K
What's Covered
Premium is paid along with your EMI. No separate payment. Policy is issued by LoanShield Insurance (IRDAI Reg. No. 123). Terms and conditions apply.
Loan Insurance FAQ
It typically covers the outstanding loan balance if the borrower dies, and often adds cover for permanent disability or job loss, so your family or you aren't left with the EMI burden.
No, it's optional in India for personal loans (unlike some secured loans where lenders may require it). It's an add-on you can choose to purchase or decline.
Often yes — many lenders let you finance the premium as part of the loan itself, which increases your EMI slightly rather than requiring an upfront payment.