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IMFL

IMFL

Insurance Policy

Checklist of Documents Required for Insurance Policy

Checklist of Documents Needed for Insurance Policy
Loan Insurance: Protecting You and Your Family

What is Loan Insurance?
Loan insurance is a product that helps pay off a loan if something unexpected happens, like losing your job, becoming disabled, or passing away. It prevents borrowers from defaulting on their loan and protects their family from having to repay the loan in these situations.

IMFL Loan Insurance Offer: IMFL offers loans with an option to buy loan insurance. Borrowers can choose whether or not to purchase the insurance.

Benefits of Loan Protection Insurance:

  • Protection Against Unexpected Events: If you lose your job, have an accident, or become temporarily disabled, the insurance will help pay off the loan and cover monthly payments.
  • Family Protection: Your family won’t have to worry about repaying the loan if something happens to you.
  • Tax Benefits: Some loan insurance plans may offer tax deductions under Section 80C.
  • Money-Back Plans: Some policies offer a money-back option, where you can get a specific amount at the end of the policy term.

Loan insurance gives you peace of mind by securing your financial future and protecting your loved ones from unexpected financial problems.

Documents Required for Property Purchase

  1. NOC from Society/Builder: No Objection Certificate from the society or builder.
  2. Cost Estimate: A detailed estimate of the construction cost for the house.
  3. Sale Deed, Allotment Letter, or Agreement of Sale: Original documents such as the registered sale deed, allotment letter, or stamped agreement with the builder.
  4. Occupancy Certificate: Required for ready-to-move-in properties.
  5. Property Tax and Utility Bills: Receipts for property tax, maintenance bills, and electricity bills.
  6. Advance Payment Receipts: Original receipts for any advance payments made towards the property.
  7. Approved Building Plan: A copy of the approved building plan, or key/floor plan in case of flat purchase.
  8. Land Tax Receipt and Possession Certificate: Original land tax paid receipt and possession certificate issued by the revenue authority.
  9. Payment Receipts: Receipts or bank statements showing payments made to the builder or seller.

For more details or terms and conditions, please contact IMFL.

Required Documents for Verification

  1. Aadhaar Card: National identification card issued by the government.
  2. PAN Card: Permanent Account Number card for tax purposes.
  3. Passport: Official travel document for international travel.
  4. Birth Certificate: Official document proving date of birth.
  5. 10th Class Marksheet: Marksheet from the 10th-grade exam.
  6. Bank Passbook: Record of account transactions from your bank.
  7. Driving License: Official document permitting you to drive a vehicle.
 
 
 
 

Additional Documents for Verification

  1. Bank Passbook: Record of your bank account transactions.
  2. Voter’s ID: Official identification card for voting purposes.
  3. Ration Card: Document issued by the government for accessing subsidized food.
  4. Passport: Official document for international travel.
  5. Utility Bills: Recent bills such as telephone, electricity, water, or gas bills for address proof.
  6. LIC Policy Receipt: Receipt for the Life Insurance Corporation policy.

Income Documents for Salaried Individuals:

  1. Form 16: A certificate issued by the employer showing tax details.
  2. Certified Letter from Employer: A letter confirming employment.
  3. Payslip for Last 2 Months: Recent salary slips as proof of income.
  4. Increment or Promotion Letter: Proof of salary increase or promotion.
  5. IT Returns for the Last 3 Years: Income tax returns filed for the past 3 years.
  6. Investment Proofs: Documents for any investments like fixed deposits, shares, etc.
  7. Passport-size Photographs: Recent photos for identification.

Income Documents for Self-Employed Individuals:

  1. Income Tax Returns (ITR) for the Last 3 Years: Tax returns filed over the last 3 years.
  2. Balance Sheet and Profit & Loss Account: Financial statements, attested by a Chartered Accountant (C.A.).
  3. Business License: License or registration details of the business (or any equivalent document).
  4. Professional Practice License: For professionals like doctors, consultants, etc.
  5. Registration Certificate of Establishment: For shops, factories, or other businesses.
  6. Proof of Business Address: Document confirming the business location.
 
 
 
 
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