Aditya Birla Finance Limited
Loans
Home Finance
Personal Finance
Sme Finance
Loan Against Securities
Business
Investments
Mutual Funds
Stock and Securities
Portfolio Management Services
Pension Funds
Real Estate Investments
Life Insurance
Health Insurance
Multiply Wellness
Motor Insurance
Travel Insurance
Pay Bills
Pay anyone
Pay on call
Payment Lounge
Cards
ABC Credit Cards
Download ABCD
![]()
Playstore
Appstore
Scan to Download the App
Playstore
Appstore
1800-270-7000
Loan Against Securities
Aditya Birla Finance Limited
Loan Against Life Insurance Policy
Leverage your securities for easy financial solutions
-
Register yourself -
Provide basic documentation
-
Get loan disbursal in no time
About the Loan
About the Loan Against Life Insurance
Most people take life insurance policies in today's times, hoping to offset future financial shocks. Life insurance policies help protect the policy holder's family against economic uncertainty arising out of abrupt loss of income. Life insurance can yield another valuable benefit: it can be used to generate requisite funds in lieu of a Loan Against Life Insurance Policy (LAIP).
Why Loan Against Life Insurance Policies (LAIP)?
Loan Against Life Insurance Policies offers customers the opportunity to leverage their existing life insurance policies and generate cash reserves quickly. This is a beneficial facet of life insurance, which helps you liquidate an existing policy (ies) to beget funds for professional or business purposes. It is pertinent to note that the loan is approved only against traditional life insurance models that include endowment and money back features. It is not granted against term insurance, but we approve the LAIP for unit-linked insurance policies.Also, not all life insurance plans qualify for personal loan against insurance policy. Aditya Birla Finance approves LAIP only for Life Insurance policies that have attained their surrender value at the time of application of the loan.
Is Loan Against Life Insurance Policies (LAIP) for you ?
If you require funds without conceding your other movable and immovable assets or monetising your equity investments, then it is advisable to explore the Loan Against Life Insurance Policies (LAIP) option. It is an excellent tool to monetise a long-term financial security instrument for the short term. Additionally, you do not need to surrender the policy to avail of the loan against policy. The borrower still accrues benefits and bonuses from the life insurance policy, as applicable.The (LAIP) combines the twin benefits of providing life insurance with surplus funds to satisfy immediate financial needs.
Features of Loan Against Life Insurance Policies
- Collateral: Life Insurance policies that have attained surrender value (Surrender value = amount of money you would get after terminating the policy after certain allowable period of time).
- Tenure: Up to 1 year.
- Minimum Loan Amount: Rs 25 lakh.
Next steps…
- If you want to apply for Loan Against Insurance Policies, download the application form.
- Our Relationship Manager can meet you at your convenience.
Do you have questions ?
Call +91 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.Loan Against Life Insurance Policies FAQ's
Loan against life insurance policies are policies you get from reputed insurers that you can use as collateral to take a loan.
Yes, you can get a loan against various insurance policies, such as life insurance policies from reputable insurers. These policies are your collaterals for the loan, enabling you to borrow money based on their surrender value.
You can secure a loan against an insurance policy with a minimum starting amount of Rs 2 lakh and borrow up to 80% of the policy's surrender value that you pledge as collateral.
Contact your lender to get a loan against an LIC policy and fill out an application form. Provide policy details, including the policy number, surrender value, and required documentation such as KYC. Once approved, you can receive the loan amount based on the surrender value of your LIC policy.
Contact the lender for loan facilities against LIC policies, fill out the application form with policy details, submit necessary documentation like KYC, and receive the loan based on your policy's surrender value for immediate use upon approval.
The surrender value in LIC (Life Insurance Corporation of India) is the amount policyholders receive if they terminate their life insurance policy prematurely. It includes premiums paid and bonuses accrued, minus any deductions or charges by LIC. .
To check eligibility for an LIC policy, visit the LIC website or contact your nearest LIC branch. Provide policy details and personal information for verification. The representative will assess your eligibility based on policy type, premium payments, and policy status. .
