Get Loan Against ULIP Policy - Instant Funds with Low Interest

Protecting your loved ones and securing your finances are key reasons to purchase a life insurance policy. But what if your insurance policy could do more than just provide future security in times of financial need. With loan against ULIP, you can access urgent funds without terminating your policy or disrupting your future financial planning.

Easy Loans at your Fingertips

A Unit-Linked Insurance Plan (ULIP) is more than just a financial safety net – it’s also a versatile tool to meet your immediate financial needs. With Loan against ULIP, you can leverage the value of your policy without disrupting your long-term investment goals. Unlock the Potential of your ULIP with easy borrowing option, it’s no wonder that life insurance is an investment you shouldn’t pass over.

Why Choose a Loan against ULIP?

Quick Access to funds: Get financial support when you need it most
Preserve Your Life Cover and Investment: Keep your ULIP intact while accessing funds for urgent expenses
Attractive Interest Rates: Enjoy competitive interest rates for affordable borrowing
No Need to Liquidate: Avoid surrendering your policy and breaking investments prematurely
Easy Repayment: You can choose to repay either interest or principal amount

What is a Loan Against Insurance ULIP?

Loan against ULIP is a facility where policyholders can borrow funds against their ULIP without terminating the policy.

Who is eligible to avail a loan against a ULIP?

Resident Indians with active premium paying policy status. Loans can be availed at any point during the policy life cycle.

What is the maximum amount I can get?

The loan amount can be from 50% to 70% of the fund value of ULIP.

Will the ULIP benefits continue during the loan period?

Yes, policy benefits will continue, and investment returns will accrue. However, when the outstanding loan amount exceeds the surrender value the policy will lapse.

What are the interest rates and repayment terms?

Interest rates are usually between 10.5% to 11.5% depending on the lender.

Can I repay the loan early? Are there any prepayment charges?

Yes, you can prepay the loan fully or partially with nominal repayment charges depending on the lender’s terms and conditions.

What happens if I don’t repay the loan?

If you are unable to repay the loan and the interest within the specified period, the Lender shall be absolutely entitled at its sole discretion, to surrender the Insurance Policy and apply the insurance settlement amounts received towards the outstanding dues.