Make your securities work harder for you.
Avail hassle-free advance against security of life insurance.
Advance Against the security of Life Insurance Policies
-
Benefits
-
Features
-
Eligibility
-
Interest rates & charges
-
Documentation
-
Most Important Terms and Conditions (MITC)
Advance Against the security of Life Insurance Policies : Benefits
Coming Soon
Advance Against the security of Life Insurance Policies : Features
Coming Soon
Advance Against the security of Life Insurance Policies : Eligibility
Coming Soon
Advance Against the security of Life Insurance Policies : Interest rates & charges
Rate of Interest:
Loan: BRLLR + Strategic Premium + 3.50%
Overdraft: BRLLR + Strategic Premium + 4.00%
Service Charges (Excluding GST) w.e.f. 20/06/2019:
Rs. 500
(No other charges)
Staff/Ex-Staff: No Charges
Advance Against the security of Life Insurance Policies : Documentation
Coming Soon
Advance Against the security of Life Insurance Policies : Most Important Terms and Conditions (MITC)
Nature of facility
- Demand/term loan
- Overdraft
Margin
- 15% of surrender value, if the insurance policy is maturing within a period of less than 3 years.
- 20% of surrender value, if the residual maturity period is 3 years and above.
Amount of advance
- Minimum Demand Loan: Rs. 3,000
- Minimum Overdraft: Rs. 20,000
Repayment Period
- Demand Loan: Maximum 60 EMIs subject to maturity date of policy.
Request Callback
Please fill in these details, so we can call you back and assist you.
