(DECLARATION REQUIRED TO BE OBTAINED FROM EACH APPLICANT IN

CASE OF NON REEM RAKSHAS PROPOSAL :NEW PROPOSAL)

-------------------------------------------------------------------------------------------------------The AGM/CM/BM,
ABC Bank,
__________ Branch

Date-

Dear Sir,
APPROVAL FOR DEVIATION FOR HOME LOAN
NOT OBTAINING REEM RakshaS HOME LOAN
I/We have applied for Housing loan of Rs. _________ from your Branch. It is made
known to me/us that ABC Life offers a special scheme called Reem Rakshas for Home
Loan borrowers. The details of Reem Rakshas Scheme and its benefits are explained to
me/us. However, I/We do not intend to obtain Reem Rakshas cover for the following
reasons:
i)
ii)
I/We request you to sanction the Home Loan.
Thanking you,
Yours faithfully,
(i)
(ii)
(APPLICANT/s)
----------------------------------------------------------------------------------------------------------(FOR OFFICE USE)
RECOMMENDATIONS:
Sir, we have explained the Scheme to the applicant in detail. Despite convincing, he/she
is not inclined to opt for the Insurance Cover. Please approve his loan application to be
dealt with without Insurance Cover.
Approved
HLC/HLST
_________ Branch

CM/BM
__________Branch

AGM/RM
__________DCB/REGION

Date-

Date-

Date-