Union Bank of India offers you a home loan with life insurance cover from SBI Life Insurance Co. Ltd., under Union Home Plus scheme. The insurance cover will be equivalent to the amount of the outstanding home loan. SBI Life takes the complete responsibility from your shoulders by becoming alone bearer of the insurance liability.
For loan up to Rs. 200 lacs, 20% of the cost of the property.
For loan above Rs. 200 lacs, 35% of the cost of the property.