The conversation between human and AI assistant.
If I take an education loan from "Union Bank", Is it necessary to enroll into their life insurance scheme, as proposed by them and pay a 1 time fee?
But is it mandatory to have their life insurance if I take the education loan from them?
No, it's not mandatory to have their life insurance if you take the education loan from Union Bank. You can choose to opt-out of the insurance scheme if you wish.