LOANS

 

LOANS

LIC Policy Loans

The Corporation can grant a loan to the policyholder against his policy as per the terms and conditions applicable to the policy. The requirements for granting a loan are as under :

a) Application for loan with an endorsement of terms and conditions of the loan being placed on the policy.

b) Policy to be assigned absolutely in favour of the Corporation.

c) A receipt for the loan amount.

The maximum loan amount available under the policy is 90% of the Surrender Value of the policy (85% in case of paid up policies) including cash value of bonus.

The rate of interest charged on loans is at 9% to be paid half-yearly. The minimum period for which a loan can be granted is six months from the date of its payment. If repayment of loan is desired within this period the interest for the minimum period of six months will have to be paid. In case the policy becomes a claim either by maturity or death within six months from the date of loan interest will be charged only upto the date of maturity/death.

199 Comments on "LOANS"

  1. please provide your policy number

  2. GATTU PRAVEEN KUMAR | July 22, 2015 at 3:30 am |

    i want loan on my lic policy what is the process give me information .
    contact no- 9704231205

  3. Lic Policy Loan – please provide your policy number.

  4. Rangaswamy | July 20, 2015 at 8:43 am |

    I have 02 Jeevan Anand policy Of Sum assured Rs 1 Lakh each commence from 28/04/2002. one more policy of one lakh sum assured jeevan anand commence from 28/03/2011. pl intimate max loan i can get

  5. LIC Loan Calculator

    Policy No 692476924
    DOC 28/10/1998
    Plan 88
    Term 20
    Paid Up Value 20,938.00
    Accrued Bonus 15,525.00
    Surrender Value 28,197.00
    Loan Amount 25,250.00

    Loan Amount displayed under your policy is the Gross Amount available.
    For exact amount please contact the servicing branch.

  6. LIC Surrender details under Policy

    Policy Number : 535678725
    Plan Number : 149
    Surrender Value : 40377.00

    Subject to deduction of previous Loan,interest,etc

    Kindly refer Policy Conditions.
    In case of any discrepancy please contact Servicing Branch or Customer Care Executives.

    LIC Bonus details under Policy

    Policy Number 535678725
    Plan 149 – Jeevan Anand
    Accrued Bonus 33800
    Interim Bonus 4400
    Final Addl. Bonus 0
    Loyalty Additions 0
    Guaranteed Additions/Bonus accrued till date is payable subject to policy conditions and after deduction of previous Loan, interest or any other deduction due under the policy.

    IMP
    In case of any discrepancy please contact Servicing Branch or Customer Care Executives.

  7. Anonymous | July 15, 2015 at 1:50 pm |

    Policy no. 535678725 please tell me due date of loan interest and lic break amount

  8. VULLAKULA SRINIVASA RAO | July 15, 2015 at 7:51 am |

    please send the loan status.
    P.NO: 692476924
    V.SRINIVASA RAO

  9. Lic Policy Loan Calculator

    Policy No 983196313
    DOC 08/12/2004
    Plan 14
    Term 21
    Paid Up Value 68,095.00
    Accrued Bonus 31,850.00
    Surrender Value 45,305.00
    Loan Amount 40,750.00

    Loan Amount displayed under your policy is the Gross Amount available.
    For exact amount please contact the servicing branch.

  10. policy no. 983196313 l

    oan check please

  11. sri raju bhagwanrao wasu | July 2, 2015 at 3:28 pm |

    my police no.983196313 loan check please sir

  12. sri raju bhagwanrao wasu | July 2, 2015 at 3:27 pm |

    my police no.983196313 loan check please sir

  13. Jaikishan Makwana | June 18, 2015 at 3:25 am |

    894147395

  14. I have shifted to new location from where my policy office was. My parents are still in that place. How can I apply loan from new location??

  15. Surrender details under Policy

    Policy Number : 778572313
    Plan Number : 178
    Surrender Value : 115226.00

    Subject to deduction of previous Loan,interest,etc

    Kindly refer Policy Conditions.
    In case of any discrepancy please contact Servicing Branch or Customer Care Executives.

  16. 622622383
    624235261
    Loan details are not available. Contact LIC for further details
    please contact lic customer care

    http://www.licpolicyenquiry.com/lic-customer-care

  17. Loan details are not available. Contact LIC for further details

  18. g,satish kumar | June 2, 2015 at 6:09 pm |

    policy no 645628651 how much amount can iget as loan

  19. Loan on policy number
    622622383
    624235261

  20. Dinesh Sukumar | May 28, 2015 at 11:49 am |

    Dear Sir,

    Please calculate the loan eligibility amount for the policy 778572313.

  21. beena J. Jambavalikar | May 28, 2015 at 9:48 am |

    kindly tell me .
    I have taken loan of Rs. 40000/- from LIC from my policy.Can I pay all amount of loan before six month

  22. dileep singh | May 26, 2015 at 12:12 pm |

    dear sir mane policy par loan apply kiya tha 15day ke baad bhi koi response nahi mil raha hai palicy n.216509441

  23. The Policy is not eligible for loan. Contact LIC for further details

    http://www.licpolicyenquiry.com/lic-customer-care

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