Family of the borrower is not required to repay the mortgage to the extent of declare settled amount, in case of dying of the borrower. It is an elective scheme for the profit of Home Loan borrowers and the borrower might be given an choice by the branches to choose on the insurance coverage supplier between IndiaFirst Life Insurance as per his selection. IndiaFirst Life Insurance Co. for providing Life Insurance Cover to our Home Loan borrowers. This is an optionally available scheme of Life Insurance and is at the price of borrower which can be funded by the Bank …