Quote Originally Posted by satyanarayan View Post
Hello Friends,
I have an LIC policy "Jeevan Saral". I have just paid my 12th policy i.e just completed 3rd Yr (quarterly premium). In these 3 years, I have paid the policies with few interests also due to paying the premium after due date. Now I am in a need of Money, So I want to take a loan on my Policy. I don't want to close the policy. I just want a loan against my policy. Now I want to know few details regarding my policy:

1) If I am eligible for the Loan ?
There is no loan facility in this plan.

2) Whether this policy will provide me loan or Partial Withdrawal. If both facility is there, then which is better?
No loan or Partial withdrawal Option. There are three types of surrender options available under this plan -
1- Surrender Value
2- Guaranteed Surrender Value
3- Special Surrender Value

3) After 3 years, How much I can take Loan, if loan facility is available in Jeevan Saral Policy. i.e the % of Premium deposited.
No loan option.