Every policy holder has the entitlement or raising a loan against the life insurance policy which are subjected to different rules. Policy holder has to apply for loan in specific form and submit the original policy documents along with the properly filled up form. The total amount of credited loan is based upon the surrender value of the policy. Roughly the loan amount is 90 percent of the surrender value of the policy. Person who has availed the loan on policy can repay the same in partial or full at any time of the term of the policy.