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.

191 Comments on "LOANS"

  1. policy no. 983196313 l

    oan check please

    • 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.

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

    my police no.983196313 loan check please sir

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


  4. 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??

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

    policy no 645628651 how much amount can iget as loan

  6. Loan on policy number

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

    Dear Sir,

    Please calculate the loan eligibility amount for the policy 778572313.

    • 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.

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

    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

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

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

  10. dileep singh | May 22, 2015 at 12:09 pm | Reply

    my policy no.216509441
    loan paper submit kar chuha hoo. kya status hai sir?

  11. Please calculate the loan amount for the policy 705477616

  12. Nehal Trivedi | May 19, 2015 at 11:56 am | Reply

    Policy no. 870315615 how much loan Amount?

    • Policy No 870315615
      DOC 28/11/2002
      Plan 14
      Term 16
      Paid Up Value 21,516.00
      Accrued Bonus 8,775.00
      Surrender Value 22,452.00
      Loan Amount 20,000.00

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

  13. loan lic policy 805743562

  14. giriraj chandak | May 15, 2015 at 12:30 pm | Reply

    Want information on my loan account

  15. Calculate loan amount

    • Policy No 482718548
      DOC 28/06/2003
      Plan 93
      Term 25
      Paid Up Value 11,300.00
      Accrued Bonus 27,500.00
      Surrender Value 14,783.00
      Loan Amount 13,250.00

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

  16. loan on lic policy 805743562

  17. HKRAMPRASAD | May 8, 2015 at 5:08 am | Reply

    loan on policy no.614537477

  18. ranjan kumar mallick | May 7, 2015 at 7:04 pm | Reply

    Please check the loan amount on policy nombre=583642724

  19. Shiva Murthy.c | April 28, 2015 at 12:05 pm | Reply

    Loan on polocy
    No 611521428

    • Policy No 611521428
      DOC 14/09/1996
      Plan 14
      Term 20
      Paid Up Value 1,39,375.00
      Accrued Bonus 1,12,200.00
      Surrender Value 2,21,311.00
      Loan Amount 1,99,000.00

      Policy No 612625135
      DOC 25/06/1998
      Plan 14
      Term 20
      Paid Up Value 84,167.00
      Accrued Bonus 60,400.00
      Surrender Value 1,11,794.00
      Loan Amount 1,00,500.00

  20. Hi, I want to loan details and interest details for
    664831746 and 660816270

  21. EKNATH PARATKAR | March 19, 2015 at 3:21 am | Reply


  22. DIVYESH R PATEL | March 10, 2015 at 9:40 am | Reply

    hello sir i want to my loan account statment to policy noumber is 877571540

  23. Loan on policy number

    • Policy No 922686874
      DOC 28/03/2003
      Plan 14
      Term 21
      Paid Up Value 28,571.00
      Accrued Bonus 18,300.00
      Surrender Value 23,375.00
      Loan Amount 21,000.00

      Policy No 923190905
      DOC 20/11/2004
      Plan 103
      Term 21
      Paid Up Value 28,810.00
      Accrued Bonus 13,475.00
      Surrender Value 19,168.00
      Loan Amount 17,250.00

  24. Chandra Shekhar Nagar | February 22, 2015 at 3:23 pm | Reply

    policy pe loan lene hai

  25. loan lenekeli

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