Reverse Mortgage Loan enabled Annuity (RMLeA)

Reverse Mortgage Loan enabled Annuity (RMLeA) National Housing Bank (NHB) in collaboration with Star Union Daichi Life¬†Insurance Company Ltd., (SUD Life) and Central Bank of India (CBI) have introduced Reverse Mortgage Loan (RML) to ensure lifetime annuity payments to senior…

Reverse Mortgage Loan Scheme

Reverse Mortgage Loan Scheme Reverse Mortage Scheme, 2008 was announced on 30th September 2008 to provide a way for senior citizens to encash the fixed assets held by them. National Housing Bank, Commercial Banks and housing finance companies are allowed…