Personal loan against insurance policy
This query is : Resolved
soran singh
(Querist)
02 September 2018
Dear all,
Bajaj Finance offer me for personal loan against insurance policy.
but i am confused that i don't know that is any bank or financial institution provide loan against insurance policy.
secondly if i want to cancel my health insurance or life insurance then what is time period to do this.
Regards
Soran Singh
Bajaj Finance offer me for personal loan against insurance policy.
but i am confused that i don't know that is any bank or financial institution provide loan against insurance policy.
secondly if i want to cancel my health insurance or life insurance then what is time period to do this.
Regards
Soran Singh
K Srinivas, CMA CS
(Expert)
02 September 2018
Most of the banks offer such loans against insurance policies. The quantum will be based on the surrender value, age of the policy etc. The policy has to be assigned to the Bank
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