Loan Against LIC Policy Know Online And Offline Process Of Getting Loan Against Lic Policy Know Details

Loan Against LIC Policy: There are crores of people in India who still prefer to invest money in Life Insurance Corporation of India because there is no risk in it. LIC policy also gives investors the benefit of good returns in the long term. But do you know that along with good returns, you also get the facility of loan on LIC policy (Loan Against LIC Policy). In case of emergency, instead of taking a personal loan from the bank, you can take a loan against LIC Insurance Policy. Through this, you can meet the expenses of your studies, marriage house, going abroad, medical emergency etc.

Know how to take loan on LIC policy?
Many people do not even know that how to take loan on LIC policy, so we are giving you information about it. Let us tell you that loan against policy is considered a secured loan. In this, your insurance policy is kept as security. If a person is unable to repay the amount of this loan, then the loan is reimbursed from the money of his policy. You can get this information through LIC’s e-services that how much loan you will get against the policy. In lieu of this loan, LIC keeps the policy bond with itself. After this, LIC returns the money to the policyholder after deducting the loan amount in case of non-payment of the policy maturity.

How much loan can be availed on the policy?
Significantly, LIC gives loan on 90 percent of the total surrender value of LIC. At the same time, on some pre-paid schemes, this limit is also up to 85 percent. Along with this, know that your insurance policy should be at least 3 years old to take a loan against the policy.

Process to apply for loan online-

  • You can also apply for the loan through online mode.
  • For this, you have to register yourself for LIC’s e-services.
  • After this, you can apply for the loan by going to e-Services (LIC e-Services).
  • After this you will have to complete the KYC process along with the documents.
  • Then you have to send all the documents to the branch of LIC.
  • After this, your loan will get approval in 3 to 5 days as well.

Process to apply offline for loan-
At the same time, you can also apply offline for loan against LIC. For this, first of all you have to go to the branch of LIC where you have the policy. After this, the application form has to be filled for the loan. After this, the policy bond and other documents will have to be submitted. After this, your loan will get approval in 3 to 5 days.

read this also-

Bill Gates became maternal grandfather, daughter Jennifer welcomed the baby, see very beautiful pictures

Harry Styles called Emily Ratajkowski his celeb crush years before fling

Harry Styles fans are convinced he “manifested” his steamy kiss with Emily Ratajkowski. In a resurfaced video from eight years ...
Read More

DC vs MI WPL 2023 Final Live Harmanpreet Kaur, Nate Sciver-Brunt Lead Mumbai Indians To Win WPL Season 1

WPL 2023 Final: Mumbai Indians have won the title of the first season of the Women's Premier League. Harmanpreet Kaur's ...
Read More

Julia Fox supports Emily Ratajkowski, Harry Styles fling

Julia Fox is living for Emily Ratajkowski’s single girl era. The “Uncut Gems” star commented on a Page Six Instagram ...
Read More

BCCI Announces Annual Player Retainership 2022-23 – Team India Know Details Here

BCCI Annual Contract List: BCCI has announced the annual contract of the players for the year 2022-23. Apart from Indian ...
Read More

Rohit Sharma and Sachin Tendulkar went to support Mumbai Indians women in WPL 2023 final against Delhi Capitals

Mumbai Indians Women Supporters: The final match of the Women's Premier League was played between Mumbai Indians and Delhi Capitals ...
Read More

Harmanpreet Kaur’s statement after Mumbai Indians women’s team won the WPL 2023 trophy

Statement of Harmanpreet Kaur: The final match of the first season of the Women's Premier League (WPL) was played on ...
Read More

WPL 2023: Mumbai Indians became the winner of the first season of Women’s IPL, know who got which award, prize money and everything

WPL 2023 Final:The final match of the Women's Premier League was played between Delhi Capitals and Mumbai Indians on 26 ...
Read More

April Fools Day 2023 History Meaning Interesting Facts Why It Is Celebrated Memes Social Media

April Fool's Day 2023: As the month of March ends and the month of April arrives, 'April Fool's Day' (April ...
Read More

WPL 2023 MI W won the first final against DC-W by 7 wickets at Brabourne Stadium

MI-W vs DC-W: The final match of the first edition of the Women's Premier League (WPL) was played between Delhi ...
Read More

IPL 2023 players can try at number 3 in the absence of Rajat Patidar, know details

IPL 2023: Rajat Patidar of Royal Challengers Bangalore may miss some matches of IPL due to ankle injury. Although official ...
Read More

Leave a Comment