Make your securities work harder for you.


Avail hassle-free advance against security of life insurance.

  • 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.
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Select Other Loans Type
  • Loan for Public Issues-IPO
  • MSME Loan
  • Baroda Ashray (Reverse Mortgage Loan)
  • Advance National Savings Certificates or Kisan Vikas Patra
  • Commission Agents Loan Arthias
  • Advance Against the security of Life Insurance Policies
  • Advance Against the security of Relief Bonds Government Bonds
  • Others

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