The BORROWER shall keep comprehensive insurance coverage on the vehicle for the full reinstatement value thereof with any insurance acceptable to the BANK for the period of this Agreement, with Bank of Baroda as the first beneficiary of insurance. If the BORROWER[S] does not/do not pay the Insurance premium on due date, the BANK shall (but not obliged to do so) pay the premium at BORROWER’S sole expense. The cost so incurred in this respect shall be added to the total amount payable under this agreement and will be secured by the same mortgage and until paid shall be subject to the same interest as charged on delayed installments.