For Housing Loan, you must submit an application in the prescribed form available along with:

• A non-refundable processing fee is charged.
• A true copy of the building plan sanctioned by the local authority and certified by a qualified architect or civil engineer.
• If employed, your employers’ certificate in the prescribed proforma, both for yourself and your guarantors. In case you and your guarantors are self-employed then certified copies of your income tax returns or assessment orders with statements of income over the last three years are necessary.
• An attested copy of the title deed or agreement for sale along with a detailed title investigation report mentioning the root or abstract of title in chain for a minimum period of 15 years given by the solicitor or advocate of the builder or the society.
• An allotment letter, where the housing cooperative society is already registered indicating the details of the flat or house and its estimated cost.
• Detailed item-wise estimate about the cost of construction from a qualified architect in case of a house.
• In respect of loans for flats, receipt of the sub-registrar about lodging of the agreement, copies of the receipts made to the builder or society.

If premiums are paid for at least 3 consecutive years, the Policy acquires a Surrender Value. The Policy, which has acquired a Surrender Value, can be surrendered for payment in cash. Once the Policy is surrendered the contract is terminated.

Note: Policies that does not have a surrender value cant be surrendered