Need A Financial Product › Forums › Insurance › How to apply for loan against LIC policy? › How-to-apply-for-loan-against-LIC-policy_REPLY
October 2, 2014 at 12:36 am
#47653
samkapoor77Keymaster
If a person is a life insurance policy holder, then he or she can raise a loan from it from their insurance provider. The exact amount of loan rely up on the kind of policy a person is holding and the time period for which the insurance policy continues to be in action. The time period for credited amount, the interest charged and other terms and condition of the pay back of the loan amount and other conditions are decided by the insurance provider. The loan raised is a percent of its surrender price.