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.
Existing Loan Query for my policy no. 292931209 .
please send the mail
its very good quick & fast work in lic good responce all employes
i want to know about my and my family members policies current status a-835208257
b-381244078 c-383413684
d-372577442 e-73706528
f-301006799 g-373845447.
Thanking you.
835208257 – NORMAL – 28-07-2012
381244078 – FULLY PAID UP
383413684 – NORMAL – 13-06-2012
372577442 – NORMAL – 28-03-2012
73706528 – POLICY NUMBER NOT FOUND
301006799 – REDUCED PAID UP – PREMIUM DUE FROM 26-02-2010, UNITS HELD – 2486
373845447 – NORMAL – UNITS HELD – 816
NEW PLAN LAUNCHED BY LIC – JEEVAN ANKUR
To know more or to take this plan please fill up the contact us form at the following link :- http://www.LicPolicyEnquiry.com/contact-us