Description: | There are insurance companies which sell very efficient insurance cover age.in which the protection amount keeps on decreasing on real time basis  as you keep on repaying the loan .In the above example ,the insurance coverage for the first month will be Rs 50 lakh .But as you pay the first installment .You outstanding loan laon amount comes down rs 49,92,514 .Your insurance coverage will also get reduced to the same amount .this Brings down the insurance premium to substantially low level. |