Yes, you can.Please ask SBI.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 ?Any plan would be good. I was suggesting the cheapest and basic cover.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