Loan Against LIC Policy

• 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.

Documents :

Duly filled Application form with :

• KYC of Borrower
• Income Proof of Applicant
• Original LIC Policy to be pledged in Bank’s name