Hi need urgent help from my lawyer friends. I am in process of acquiring a home loan through Axis Bank for a under construction property I have bought. The loan is approved however now at the time of disbursement, I have been asked to sign a few documents by them which are unclear to me. First of all they are asking me to sign a general undertaking document the purpose for which is to ask the owner to buy insurance on the said property in lien of the bank. My arguement to them is that my property is already mortgaged with them and they hold all rights over my property and also there is a clause in my builder/buyer agreement which states that insurance of building will be bought which will be payable by the owner. This according to me covers the fact that building/ part of the building is insured by me as a owner and since as per my bank agreement I am liable to pay my dues to bank I am capable of paying this by taking this insurance. Why would I need to specifically take insurance in Lien to the bank? I would like to know from my friends if there is any foul play by the Bank here since I asked them to send me this explanation on a letter head and they are not sending it to me on official record. They saying we have mentioned it in our sanction letter which should suffice. I need help on this on a urgent basis. Please do help. Let me know if you would like to see the sanction letter to see the fine print?