Loan can be used for travel, education, marriage, hospital expenses etc.

Minimum age 18 years or above

The surrender value of the policy used for the loan should be

INTEREST RATE Kotak Mahindra Bank :- 10.99% LIC Housing Finance :- 9.00% etc.

Interest rates depend on the profile of the applicant

Loan amount up to 85% of the policy value

Documents  Identity proof, residence proof, income proof etc.

Loan on LIC can be taken offline and online

Loans are given by pledging insurance policies.