What does the residual debt insurance take over if I fall sick or become jobless?

The residual debt insurance takes over your loan installments if there is incapacitation or loss of job after a wait period of three months. In case of sickness, it pays your installments for the entire period of your incapacitation up to a maximum of 24 months. If you lose your job due to no fault of yours, and were working for the same employer for more than one year on a permanent post, up to twelve credit installments will be paid.

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