PDA

View Full Version : Required loan against LIC policy?


NewsDesk
25-02-2012, 07:47 PM
Having LIC policy for last 2 years. Monthly installment of the policy is 3458.
Is it possible to get loan?

via email @ aashish@********.in
>take
26-02-2012, 06:03 PM
You first need to check whether loan facility is available with your policy. Check here - http://www.licindia.in/
>take
26-02-2012, 06:14 PM
Having LIC policy for last 2 years. Monthly installment of the policy is 3458.
Is it possible to get loan?

via email @ aashish@********.in
After that check the surrender value or Loan Eligibility as per this article Link (http://www.policywala.com/content.php/262-How-to-check-LIC-policy-s-Surrender-Value-and-Loan-Eligibility-online)
LastWarrior
27-02-2012, 02:52 PM
Having LIC policy for last 2 years. Monthly installment of the policy is 3458.
Is it possible to get loan?

via email @ aashish@********.in
A loan is only sanctioned after payment of 3 years of premiums, so you are not eligible for loan.
Also some policies like money back type of policies and certain other policies are not entitled for loans.