Liabilities Protected
₹12,400+ Cr
Total loan liabilities covered by our policies to date
Loan Shield Estimator
Protect Your Family & Your Loan
Ensure your loan repayments never become a burden for your loved ones. Get comprehensive cover that secures your financial legacy.
Reducing Cover
Sum assured matches your declining loan balance perfectly.
Joint Protection
Secure both co-borrowers under a single cost-effective policy.
Tax Benefits
Eligible for tax deductions under Section 80C of IT Act.
Protection Insights
- Joint Plans: Save up to 40% on premiums by covering both borrowers under one policy.
- Reducing Cover: Sum assured matches your declining balance perfectly, making it the most cost-effective.
Disclaimer: These results are indicative estimates. Final premiums are determined by the insurance provider based on medical history, underwriting, and loan conditions.
Premium Estimator
Flexible Loan Protection Plans
₹50,00,000
₹1L₹2Cr
20 Yrs
8.5%
35 Yrs
Estimated Monthly Premium
₹3,913
+ GSTSum Assured: ₹50,00,000Mode: Annual
Comprehensive Protection Features
Explore the layers of protection we provide for your financial liabilities.
Full Loan Protection
Protect Your Assets
EMI Security
Financial Stability
Our Specialized Loan Protection Plans
Choose the protection plan that perfectly matches your borrowing profile.
Individual Loan Protection Plan
Comprehensive single-life coverage designed for primary borrowers to protect their assets.
Joint Loan Protection Plan
Dual-life protection for co-borrowers or spouses, ensuring the loan is cleared if either partner faces a crisis.
Group Loan Protection Plan
Affordable, high-volume coverage for employee groups or financial institution members.
Eligibility Criteria
Who can apply for our Loan Protector insurance plans?
Entry Age
18 - 70 Years
At time of policy inception
Loan Amount
₹1 Lakh - ₹10 Cr
Flexible limit per borrower
Loan Tenure
1 - 30 Years
Matches your loan term
Borrower Type
Individual / Joint
Co-borrowers & Groups allowed
Types of Insurance Partners
We connect you with a wide network of trusted insurance providers across India. Partner allocation depends on specific protection needs and coverage requirements.
Public Sector Insurers
- Government-backed reliability
- Nationwide network & reach
- High trust & stability
Private Sector Insurers
- Tech-driven fast claims
- Customized corporate packages
- Global reinsurance backing
Digital-First Insurers
- Paperless onboarding
- Instant policy approvals
- App-based claim tracking
Specialized Commercial Insurers
- Industry-specific coverage
- Complex risk underwriting
- Dedicated loss assessors
Coverage Details
What's Covered Under Loan Protection?
We ensure a wide safety net so your family remains unburdened from debt in difficult times.
Death due to natural or accidental causes
Permanent total and partial disability
Critical illness & Terminal illness riders
Job loss coverage for salaried individuals
Full outstanding loan balance settlement
Coverage for co-borrowers in Joint plans
Seamless transfer between lenders
Flexible premium payment (Single/Regular)
The Benefits of Secure Financing
Family Protection
Ensures your family is not burdened with loan repayment.
Improves Loan Approval
Enhances loan approval chances with added protection.
Long-Term Coverage
Coverage continues throughout the loan tenure.
Peace of Mind
Provides confidence knowing liabilities are covered.
Choosing the Right Cover
Loan Protection vs Standard Term Insurance
Understand the core differences to make a decision that matches your debts and family goals.
| Features | Loan Protection Plan (Reducing Cover) | Standard Term Insurance (Level Cover) |
|---|---|---|
| Coverage Type (Sum Assured) | Reducing Cover (Decreases monthly/yearly in line with your outstanding loan balance) | Level Cover (Constant sum assured that remains unchanged throughout the policy tenure) |
| Premium Cost | Generally lower (risk decreases as the outstanding loan balance drops) | Standard rate (higher since the full cover amount is protected for the entire term) |
| Primary Goal | Clearing specific liability (ensures the family does not inherit unpaid loan debts) | Income replacement (provides lump sum for family's overall future lifestyle/education) |
| Payout Settled To | Directly paid to Lender/Bank to close the loan instantly | Paid to Nominee/Family who decides how to allocate the funds |
| Policy Termination | Automatically terminates once the loan is fully repaid or closed | Continues until the selected policy term ends, regardless of loan status |
Which one should you choose?
If your primary concern is closing a specific high-value debt (like a home loan or corporate expansion loan) at the lowest cost, the Loan Protection Plan is ideal. If you want general financial safety for your family's lifestyle, rent, or child's education, a Standard Term Plan is recommended.
Facts, Figures & Trends
Loan Protection Analytics
Discover why smart borrowers opt for a decreasing term policy to protect high-value liabilities and save significantly on premiums.
Average Claim Settled
₹42.5 Lakhs
Average debt cleared per family during crisis
Premium Savings
Up to 40%
Savings compared to standard flat term insurance
Claim Settlement Ratio
98.9%
Industry-leading claims approved by our partners
Reducing Cover vs Level Cover Progression
See how the sum assured reduces automatically as you repay the loan principal, keeping premiums cost-effective.
The chart shows that reducing cover decreases from 50 lakhs to 0 over 20 years, matching the outstanding loan amount. Level term cover stays constant at 50 lakhs throughout.
Protection Process
How It Works
Secure your loan in 4 simple steps
Step 01
Assess Liability
Evaluate your outstanding loan amount and select the required cover type.
Step 02
Choose Plan
Pick an individual, joint, or group protection plan that fits your needs.
Step 03
Submit Details
Provide borrower information, loan details, and basic health declarations.
Step 04
Secure Future
Pay the premium and get instantly protected against unforeseen financial burdens.
Disclaimer: Information and premium quotes provided are for general guidance and are subject to change. Please verify all details with the respective insurance providers before making a final decision.