Loan Against LIC Policy
Interest Rate: 9.5% | Max Credit: Up to ₹5 Lakhs
Cooperative Credit Scheme
Flexible Lending Options to Fuel Your Dreams
Why surrender your LIC policy? Pledge it with us to obtain instant financing up to 90% of the policy's surrender value, while keeping your life coverage intact.
Key Features & Benefits
- Get up to 90% of the policy surrender value
- Instant sanction and processing
- No income proof required in most cases
- Free accidental cover equal to the loan amount
Eligibility Criteria
- Policy must be active and have acquired surrender value
- Policy must be assignable to the credit society
Documents Checklist
- Original LIC Policy document
- Surrender value certificate from LIC
- Identity & Address proof
- Society membership form