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#1
1st November 2018, 05:29 PM
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Whether a candidate is eligible to get amount against accidental purpose in education loan granted by Allahabad Bank?
Hello, my son met with an accident during his study of BTech, pursuing in Bangalore. He is studying with education loan of Allahabad Bank. In this case, he get money for his cure or not? As the Bank term and conditioned has mentioned the loan against miscellaneous expenses will be granted. So, he is eligible for getting loan for his recovery?
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#2
16th November 2018, 07:13 PM
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Re: Whether a candidate is eligible to get amount against accidental purpose in education loan granted by Allahabad Bank?
No, banks don't provide funds for any treatment related to accidents or any other ailments. They are only responsible for education and its funding as per the guidelines of an education loan.
The prime reason is why we have insurance, because accidents and deaths can't be predicted. Hence, everyone is advised to have an insurance policy to meet expenses of such incidents. |
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