Do we need to take insurance before taking home loan?

[Vijay_Kumar]

Do we need to take insurance before taking home loan? I am taking about term insurance.

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[akshar]

No need to take before the approval of the loan. After that on the basis of home loan amount.

[Mukulz]

Do we need to take insurance before taking home loan? I am taking about term insurance.

No need. But it's good to take as early as possible so you get good cover at low cost.