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Thread: Required loan against LIC policy?

  1. #1
    PW NewsDesk NewsDesk's Avatar
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    Question Required loan against LIC policy?

    Having LIC policy for last 2 years. Monthly installment of the policy is 3458.
    Is it possible to get loan?

    via email @ aashish@********.in



  2. #2
    PW Stalwart >take's Avatar
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    You first need to check whether loan facility is available with your policy. Check here - http://www.licindia.in/

  3. #3
    PW Stalwart >take's Avatar
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    Quote Originally Posted by NewsDesk View Post
    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

  4. #4
    PW Fan LastWarrior's Avatar
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    Quote Originally Posted by NewsDesk View Post
    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.


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