Multiple choice

Which of the following policies is most suitable for a home loan mortgage?

  1. MRI

  2. Whole Life Policy

  3. Term Insurance policy

  4. Property insurance under non-life category

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

MRI is an insurance policy that provides financial protection for home loan borrowers and their families. Specifically, MRI helps settle outstanding home loan amounts in the event of death or total disablement of the borrowers.