Mortgage Insurance India

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Mortgage Insurance India is a very new concept pertaining to the mortgage industry in India. The mortgage insurance India is an insurance cover for the default of repayment of the mortgage loans by the customer. This concept is present for a long time in mortgage markets across the world but it is in a nascent state in India. The mortgage industry in India is considered as an important but a decisive factor in the growth of the economy as well as the country. The rise in the infrastructural developments and real estate based activities has turn powered the growth of the mortgage industry in India. The mortgage industry in India improving day by day and there is a sudden surge in market for credit.

The mortgage industry in India is expected to grow at a rapid rate in a few years time. The growth in the mortgage industry was also boosted by the fiscal policies under the financial allotments of the 5 year Plans. The mortgage industry has to make further developments and for that the assistance of the government as a provider and authoritarian agency in required. The foreign direct investments and private funds are to be encouraged. The lengthy governmental procedures have to be abolished in order to get access to faster mortgage loans. The laws regarding property and land, rent, have to be improved. Credit rating bodies and mortgage insurance India providers would further boost the growth of the Mortgage Industry in India.

The important players in Mortgage Insurance India

  • ICICI Lombard General Insurance Co. Ltd.
    The ICICI Lombard General Insurance is the numero uno insurance provider in India. It is highly reputed as a general insurance provider. The ICICI Lombard General Insurance also provides insurance for homes and other household purposes. The documentation process is smooth and fast without much of hassle. The company also provides the facility of an online interface for the purpose of signing of the document digitally.

  • IFFCO Tokyo General Insurance Co. Ltd.
    The IFFCO Tokyo is among the foremost provider of insurance and a well known insurance company in India. The IFFCO Tokyo offers 40 different tailor made insurance policies to meet the requirements of the customers. The company provides information to the customers about the best suited insurance policies.

  • National Insurance Co. Ltd.
    This company is one of the oldest insurance companies in India. National Insurance offers home insurance policies for the purpose of insuring homes and household commodities. The company provides a number of risk bearing options under one policy pertaining to homes, etc.

  • Tata AIG Life Insurance Co. Ltd.
    The Tata AIG is one of the foremost insurance provider in India. The company also provides the customers with home insurance policies at minimal rates.

  • New India Assurance Co. Ltd.
    This company is a reputed insurance provider in India. It is well known for its provision of home insurance.

Last Updated on 5/26/2011