Nerude has made livestock insurance compulsory as regards this loan product. For this purpose it has made an agreement with Deposit & Credit Guarantee Corporation Pvt. Ltd. As a result of which the loans are secured and both the clients and organization are safe.
Life & housing compensation fund (LHC):In the time of taking the loan from the bank, members should pay Rs. 50 to 250 on LHC fund. This fund operation compensates in the death of member, which provides minimum Rs. 1000 to maximum Rs. 7500, in the case of guardian's death, the member will get maximum Rs. 2,500 & in the case of member's house completely destroyed by fire, the member can get upto Rs. 2000.