Owning a home is a dream for crores of middle-class Indians. However, properties are expensive these days — even in a tier-2, -3 location — and people depend on home loans to see their dreams come true.
Let’s say you have taken a loan and are in the process of repayment. Medical emergencies are never predictable, and so is one’s demise. In such an event, can your family cope with your loss and also bear the burden of the home loan? Could that financial liability be lifted off their shoulders?
