Mortgage Redemption policy vs term policy

What is the Mortgage Redemption policy?This policy is a loan protector policy which ensures outstanding loan clearance in the event of policy holder’s death. It means the balance amount of loan (generally home loan) will be paid by Insurer Company in case of death.There are many synonyms like 1) Mortgage Redemption Assurance Scheme of LIC 2) Loan Protector Scheme of ICICI Lombard Insurance 3)