Hassle free documentation
Speedy sanction & Disbursal of loans
Basis of Advance : 70% of the surrender value of LIC Policy
Rate of Interest :11.50%
- The individual should own an LIC life insurance policy.
- The policy should not be a term insurance policy or unit-linked insurance plan (ULIP).
- The policy should have acquired a surrender value.
- The individual should be a citizen of India.
Duly filled Application form with :
- KYC of Borrower
- Income Proof of Applicant
- Original LIC Policy to be pledged in Bank’s name