LOANS against LIC policy depends on the type of the policy & surrender value.
generally surrender value attained after paying three premiums,
for single premium policy surrender value may attain after completion of one year,
on surrender value you may get loan upto 75-85%
If your policy is ULIP , then there is a lock-in period of 5 years, after that period only you may avail loan facility that to only 50% on surrender value as, ULIP plans depends on NAV which depends up on market fluctuations
only 50% loan is processed
I have one LIC policy for which i am paying @19903/-
how much loan amount will be eligible against each policy and Could you please guide me what is the process and eligibility to avila the LOAN? Also let me know the Rate of Interest.
LOANS against LIC policy depends on the type of the policy & surrender value.
generally surrender value attained after paying three premiums,
for single premium policy surrender value may attain after completion of one year,
on surrender value you may get loan upto 75-85%
If your policy is ULIP , then there is a lock-in period of 5 years, after that period only you may avail loan facility that to only 50% on surrender value as, ULIP plans depends on NAV which depends up on market fluctuations
only 50% loan is processed
for more information
feel free to contact
at 0970-135-4586
tell me loan available po no 853336737
I have one LIC policy for which i am paying @19903/-
how much loan amount will be eligible against each policy and Could you please guide me what is the process and eligibility to avila the LOAN? Also let me know the Rate of Interest.
Assalam-Alaikum
Mohammad Irshad.