Bangalore: There are many insurance policies in the market to vouch you a safe secure and profitable deal but the question arises how to choose the best one available? There are many factors to consider before opting one, like considering the one which will be more beneficial to you and what kind of risks should be taken care of? The word ‘insurance’ only brings the thought of life or health insurance but there are other kinds of insurance policies as well, which one must have. Here are four such insurance covers available in the market which will strengthen the shield against uncertainties, reports Amit Sethi from Rediff.com.

1. Mortgage Redemption Insurance

Buying a home is the biggest purchase one ever makes in their lives. Many end up buying a home in installments which leads to the paying of EMIs for decades. In such cases, disability or death of the principal earner renders the family members into deep trouble. Mortgage Redemption Insurance is one such policy which lessens burden by paying off the EMIs on behalf of the borrower. This premium reduces yearly which is a huge relief for the borrowers who have dependants incapable of paying off the loan.