Which of the below policy can provide protection to home loan borrowers?

Which of the below policy can provide protection to home loan borrowers? Correct Answer Mortgage Redemption Insurance

Mortgage Redemption Insurance (MRI) is an insurance policy that provides financial protection for home loan borrowers. It is basically a decreasing term life insurance policy taken by a mortgagor to repay the balance on a mortgage loan if he/she dies before its full repayment.

Related Questions

How is a policy loan different from a commercial loan?
You create home directories for users Jan and Kim on a Windows NT Server computer. Jan works on a Windows NT Workstation computer. Kim works on a Microsoft Windows for Workgroups computer. After they log on, Jan can access her home directory, but Kim cannot access her home directory. What should you do?
Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?
Financial corporations which serve individual savers and commercial mortgage borrowers are classified as
মুদ্রাস্ফীতির ফলে ঋণগ্রহীতার ওপর কী প্রভাব পড়ে? (What effect does inflation have on borrowers?)