Policy change in case of Home loan balance transfer

[gaurav_gupta]

I have two doubts in my mind:1)I am able to continue ICICI home assure policy with SBI home loan? As I already transferred the home loan from ICICI to SBI. What are the formalities need to done from my side in case of home loan balance transfer from ICICI to SBI ?2) I have already took the" Level term to age 60 plus plan from Max Newyork life insurance " should I also need to take any other term plan in addition of this for my home loan

[>take]

I have two doubts in my mind:1)I am able to continue ICICI home assure policy with SBI home loan?

Yes, you can.

As I already transferred the home loan from ICICI to SBI. What are the formalities need to done from my side in case of home loan balance transfer from ICICI to SBI ?

Please ask SBI.

2) I have already took the" Level term to age 60 plus plan from Max Newyork life insurance " should I also need to take any other term plan in addition of this for my home loan

Any plan would be good. I was suggesting the cheapest and basic cover.

[gaurav_gupta]

As my home loan (SBI Max gain) of amount 20 Lakh (approx.) transferred from ICICI to SBI. I have also surrendered ICICI home assure policy.

Now suggest me some good insurance policy for home loan (20 lakh). I think as I have a loan from SBI so it is better to go with SBI insurance (suggest me if I am not correct on this point)

Right now I already have below mentioned policies:
ICICI crisis cover (maturity till 2018)
Max Newyork life –Level Term to age 60 Plan and Sum assured 20 Lakh

Please suggest me some good policy for my home loan assurance (20 Lakh).