Can I borrow against my LIC policy?

Policy loan

Loan shall be available during the policy term subject to the following: i. Under Limited Premium payment (Option I & Option II), loan shall be available after completion of first policy year provided at least one full years premiums have been paid. Under Single Premium payment (Option III & Option IV), loan shall be available during the policy term at any time after three months from the completion of the policy (i.e. 3 months from the Date of issuance of policy) or after expiry of the free-look period, whichever is later. ii. The maximum loan that can be granted shall be as under: Under Limited Premium payment (Option I & Option II): • For in-force policies – upto 90% of Surrender Value. • For paid-up policies – upto 80% of Surrender Value. Under Single Premium payment (Option III & Option IV):upto75% of Surrender Value. iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this product for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half- yearly as at the last trading date of previous financial year plus 300 basis points or the yield earned on the Corporation's Non-Linked fund plus 100 basis points, whichever is higher. If the Life Assured is a female child and the loan is availed for the purpose of her education then the applicable interest rate (as derived above) shall be

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii. The maximum loan allowed under this policy as a percentage of surrender value shall be as under: 16 Policy Status Before payment of two After payment of two full year's premiums full year's premiums Under In- 50% 80% force policies Under Paid- 40% 75% up policies iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this product for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Non-Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025 the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitled to f

Policy loan

No loan will be available under this plan.

Policy loan

No loan will be available under this plan. 12

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii. The maximum loan allowed under the policy as a percentage of surrender value shall be as under: Before payment After payment of Policy Status of two full year's two full year's premiums premiums Under In-force 50% 75% policies Under Paid-up 40% 65% policies iii. The rate of loan interest applicable for the full loan term, for the loan to be availed under this policy for every 12 months period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a.compounding half-yearly as at the last trading date of the previous financial year plus 3% or the yield earned on the Corporations' Non-Linked Participating Fund plus 1%, whichever is higher. For loan sanctioned during 12 month's period commencing from 1st May, 2024 to 30th April, 2025 the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan are subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the 16 outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitled to fo

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii. The maximum loan allowed under the policy, as a percentage of Surrender Value shall be as under: Policy Status Before Payment After Payment of two of two full year's full year's premiums premiums Under 50% 75% In-force Policies Under Paid- 40% 65% up Policies iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025 the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. 18 iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitled to foreclo

Policy loan

Loan can be availed under the Policy subject to the following terms and conditions as the Corporation may specify from time to time:

Policy loan

Loan shall be available within the Surrender Value of the Policy subject to the following: (a) Loan can be availed at any time during the policy term at any time after three months from completion of the policy (i.e. 3 months from the Date of issuance of policy) or after expiry of the free-look period, whichever is later. (b) The maximum loan allowed as a percentage of Surrender Value shall be as under: (i) If loan is availed during Guaranteed Addition Period: Guaranteed Addition Percentage of Surrender Period value 7 years to 10 years 60% 11 years to 14 years 50% 15 years to 17 years 40% (ii) If loan is availed after Guaranteed Addition Period: Option I: The maximum amount of loan (where no previous loan is outstanding) for policies which are entitled for Regular Income Benefits shall be arrived at in such a way that the effective annual interest amount payable on loan does not exceed 50% of the annual Regular Income Benefit payable under the policy subject to maximum of 75% of Surrender value. Option II: The maximum amount of loan (where no previous loan is outstanding) for policies which are entitled for Flexi Income Benefits shall be arrived at in such a way that the effective annual interest amount payable on loan does not exceed 50 % of the annual Flexi Income Benefit eligible under the policy subject to maximum of 75% of Surrender value. In addition, loan upto 50% of Fle

Policy loan

Loan shall be available within the surrender value of the policy, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided at least one full year's premium(s) has been paid. ii. The maximum loan allowed under the policy as a percentage of surrender value shall be as under: Policy Status Before After payment payment of two of two full full year's year's premiums premiums Under In-force policies 50% 80% Under Paid-up policies 40% 70% iii. The rate of loan interest applicable for full loan term, for the loan to be availed for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Non-Participating fund plus 1%, whichever is higher. For loan sanctioned during the 12 months' period commencing from 1st May, 2025 till 30th April 2026, the applicable interest rate shall be 9.50% p.a. compounding half-yearly for the entire term of the loan. The basis for determination of applicable loan interest for Policy Loan is subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation wou

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii. The maximum loan allowed under the policy, as a percentage of Surrender Value, shall be as under: Policy Status Before Payment After Payment of two full year's of two full year's premiums premiums Under In-force 50% 75% Policies Under Paid-up 40% 65% Policies iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025 the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the 13 Surrender Value, the Corporation would be entitled to foreclo

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after comple- tion of first policy year provided one full year's pre- mium(s) has been paid. ii. The maximum loan allowed under the policy, as a percentage of Surrender Value, shall be as under: Policy Status Before payment After payment of two full of two full year's premiums year's premiums Under In- 50% 75% force policies Under Paid- 40% 65% up policies iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. com- pounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025 the applicable inter- est rate shall be 9.5% p.a. compounding half-yearly 18 for entire term of the loan. The basis for determi- nation of interest rate for Policy Loan is subject to change . iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitl

Policy loan

No loan will be available under this plan. 10

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii. The maximum loan allowed under the policy, as a percentage of Surrender Value, shall be as under: Policy Sta- Before payment After payment tus of two full year's of two full premiums year's premiums Under 50% 75% In-force policies Under Paid- 40% 65% up policies iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous finan- cial year plus 3% or the yield earned on the Corpora- tion's Non-Linked Participating fund plus 1%, which- ever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025 the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. iv.During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to 16 exceed the Surrender Value, the Corporation would be entitled to

Policy loan

Loan shall be available within the surrender value of the policy, during the Policy Term subject to the following: i. Loan can be availed by the Policyholder under both the Option I and Option II after completion of first policy year, provided atleast one full year's premium has been paid. ii. The maximum loan allowed under the policy as a percentage of Surrender Value under both Option I and Option II shall be as under: Policy status Loan as % of Surrender Value In-force 75 % Paid -up 50% iii. The rate of loan interest applicable for full loan term (both during the policy term and after the end of the policy term), for the loan to be availed for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Non-Participating Fund plus 1%, whichever is higher. For loans sanctioned during the 12 months period commencing from 1st May 2025 to 30th April 2026, the applicable interest rate shall be 9.50% p.a. compounding half-yearly. The basis for determination of applicable loan interest for policy loan is subject to change. iv. During the Policy Term, in the event of default in payment of loan interest on the due dates and when the outstanding loan amount along with interest is to exceed the surrender value, the Co

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii.The maximum loan allowed under the policy, as a percentage of Surrender Value, shall be as under: Policy Status Before payment of two After payment of two full full year's premiums year's premiums Under In-force 50% 75% policies Under Paid-up 40% 65% policies iii.The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly 13 as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025, the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitled to foreclos

Policy loan

Loan shall be available, within the surrender value, during the policy term subject to the following: i. Loan can be availed under the policy after completion of first policy year provided one full year's premium(s) has been paid. ii.The maximum loan allowed under the policy, as a percentage of Surrender Value, shall be as under: Policy Status Before payment of two After payment of two full full year's premiums year's premiums Under In-force 50% 75% policies Under Paid-up 40% 65% policies iii.The rate of loan interest applicable for full loan term, for the loan to be availed under this policy for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half-yearly 13 as at the last trading date of previous financial year plus 3% or the yield earned on the Corporation's Non-Linked Participating fund plus 1%, whichever is higher. For loan sanctioned during 12 months' period commencing from 1st May, 2024 to 30th April, 2025, the applicable interest rate shall be 9.5% p.a. compounding half-yearly for entire term of the loan. The basis for determination of interest rate for Policy Loan is subject to change. iv. During the policy term, in the event of default in payment of interest on the due dates and when the outstanding loan amount along with the interest is to exceed the Surrender Value, the Corporation would be entitled to foreclos

Policy loan

No loan will be available under this policy.

Policy loan

No loan will be available under this plan.

Policy loan

No loan will be available under this plan.