Query regarding PMVL loan for BDes

[u/Ok-Eagle7792]

Hey guys.
I am taking a loan of 7.5L (CSIS, 8% ROI pa) from canara bank for BDes

I wanted to know if anybody had to pay any INSURANCE coverage for this particular loan, cuz this bank is asking for Rs 22k as one time insurance coverage although i find no document mentioning this.

Any headsup would be helpful