LIC Bima Jyoti
Eligibility: To avail loan against LIC’s Bima Jyoti, policyholders should have paid premiums for at least two years.
Maximum loan amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%). Interest is compounded on half-yearly basis.
LIC Bima Ratna
Eligibility: For availing loan against LIC’s Bima Ratna, policyholders should have paid premiums for at least two years.
Maximum loan amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%) or the yield earned on the Corporation’s Non-Linked fund plus 1%, whichever is higher.
LIC’s Dhan Sanchay
Eligibility:
- Under Regular/Limited premium payment: The policyholder should have paid premiums for at least two years.
- Under Single Premium payment: The policy loan can be availed any time after three months from the date of issuance of policy or after the expiry of the Free-look Period, whichever is later.
- No Loan facility shall be available to the policyholder during the Payout Period
Maximum Loan Amount:
- Loan Amount under Regular/ Limited Premium Payment:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
- Loan Amount under Single Premium Payment: Up to 75% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%) or the yield earned on the Corporation’s Non-Linked fund plus 1%, whichever is higher.
LIC Jeevan Azad
Eligibility: Policyholders should have paid premiums for at least two years to get a loan against LIC’s Jeevan Azad.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%) or the yield earned on the Corporation’s Non-Linked fund plus 1%, whichever is higher.
LIC New Endowment Plan
Eligibility: Policyholders of LIC’s New Endowment Plan should have paid premiums for at least two years to avail a loan against it.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: The interest rate applicable shall be based on the method approved by IRDAI.
LIC New Jeevan Anand
Eligibility: To avail loan against LIC’s New Jeevan Anand insurance policy, the policyholders should have paid premiums for at least two years.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: The interest rate applicable shall be based on the method approved by IRDAI.
LIC Single Premium Endowment Plan
Eligibility: To get a loan against LIC’s Single Premium Endowment Plan, policyholders should have completed at least one policy year.
Maximum Loan Amount: Up to 90% of the Surrender Value
Interest Rate: The interest rate applicable shall be based on the method approved by IRDAI.
LIC Jeevan Lakshay
Eligibility: Policyholders should have paid premiums for at least two years to get a loan against LIC’s Jeevan Lakshay.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: The interest rate applicable shall be based on the method approved by IRDAI.
LIC Jeevan Labh
Eligibility: Policyholders of LIC’s Jeevan Labh should have paid premiums for at least two years to avail a loan against it.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: The interest rate applicable shall be based on the method approved by IRDAI.
LIC Aadhaar Stambh
Eligibility: To be eligible for Loan against LIC’s Aadhaar Stambh, policyholders should have paid premiums for at least two years.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%) or the Yield earned on the Corporation’s Non-Linked fund + 1%, whichever is higher.
LIC Aadhaar Shila
Eligibility: To avail loan against LIC’s Aadhaar Shila insurance policy, the policyholders should have paid premiums for at least two years.
Maximum Loan Amount:
- For in-force policies: Up to 90% of Surrender Value
- For paid-up policies: Up to 80% of Surrender Value
Interest Rate: Up to (10-year G-Sec Rate* + 3%) or the Yield earned on the Corporation’s Non-Linked fund + 1%, whichever is higher.
