Is it compulsary to take insurance for education loan from SBI?

i have taken education loan of 13 lakhs from sbi. now they asking me to make insurance for the educational loan i have taken. is it compulsary to take insurance for it. pls reply me as soon as possible regarding this.

161 Views|Posted 2010-08-16 22:15:19

Asked by Karthik

3 Answers

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Laxmikant | Beginner-Level 1

2010-08-18 14:49:42

I HAVE TAKEN EDUCATION LOAN FOR AIRCRAFT MINT. ENGG. SO WHAT IS THE PROSES AND WHICH BANK PROVIED ME IN AURANGABAD

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Answered by

Prashant Mishra | Contributor-Level 9

2010-08-17 10:04:15

Hi Karthik, Your education loan is one of your biggest liabilities. A loan cover is essential to take care of this responsibility in case you are unable to do so. However an opportunity to study abroad opens up avenues to a brighter career and future. But while pursuing these dreams, emergencies su

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