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MUMBAI: Life Insurance Corporation has increased interest rates on loans against policies thereby shutting an arbitrage opportunity for policyholders.
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Life Insurance Corporation of India (LIC) is an old life insurance company in India. It is also the insurer with the largest customer base. The company was formed on Short term loans in ny
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i have lic policy with 5 lakhs, can i eligible to get 1.5 laks personal loan from lic against the policy? follow . 7 answers 7. report abuse.
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If you need cash, you might be able to borrow against your life insurance policy. That is, depending on what kind of policy you have.
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Despite this fact, a loan against your policy may still affect the dividend earned on your account. It is usually possible to borrow up to the cash value of the policy.
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Form No. 5196 (Rev) Application for First Loan in Respect of Policies Prior to 1-6-69 Date_____ Address at which Loan Cheque should be sent
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