India’s first title insurance policies launched by HDmabFC ERGO

Dated on: Wednesday 11th July 2018

HDFC ERGO launched its first ever title insurance policies on Tuesday making them India’s first Title Insurance Policies.

Title insurance refers to insurance for the title of a real estate property and is mandatory according to the Real Estate (Regulation and Development) Act 2016, or RERA.

This specialty insurance product provides indemnity to property developers and the subsequent owners of the property against losses and risks related to defects in property title arising out of third party challenges not discovered before the commencement date of the policy.

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