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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?
I'm planning to take an education loan from Union Bank. They're proposing me to enroll into their life insurance scheme by paying a one-time fee. Is it necessary to enroll?
It's not necessary to enroll into their life insurance scheme to get an education loan. However, it's always a good idea to have life insurance coverage to ensure financial security in case of any unforeseen circumstances.