LIC insurance policies are one of the most popular choices among individuals when it comes to securing their lives as well as that of their loved ones. With benefits and bonuses offered by the Life Insurance Corporation, these are undoubtedly the best.

But, did you know that you can also secure a loan against your LIC policy? Yes, we at Antworks Money help you understand how to go about securing such a loan while also helping you find the best deal.


What are the Eligibility Criteria for Securing an LIC Loan?

  • The borrower should be a citizen of India or should be living in India
  • He/she should possess an LIC policy
  • At least 3 premiums on the policy should have been paid
  • The borrower should be an adult

Why Opt for an LIC Loan?

  • Low rate of interest when compared to the loans offered by banks and other financial institutions
  • Thanks to the no fixed EMI intervals, you have one thing less to worry about
  • Paying the principal amount is not a requisite. Just paying the interest every 6 months would suffice till you are ready to make the repayment
  • Quick sanction and disbursal of the loan

How to Get an LIC Loan?

  • Use our LIC loan eligibility calculator to check the loan amount that you are eligible for
  • Enquire about the loan deals offered by LIC
  • Submit your policy against which you wish to take a loan at the nearest LIC branch
  • You will be issued a check within a couple of hours

What you Need to Know about LIC Loans?

  • These are mainly offered against endowment policies
  • It is important to understand the surrender value or the cash value of the policy. The maximum loan amount offered is 90% of the cash value of a policy. Unless, this is a huge amount, applying for a loan is useless

Why Collaborate with Us?

We at Antworks Money with our financial expertise can guide you in choosing the best LIC loans for your need. We will also help you understand your financial position and how to work around it to accommodate the LIC loan. With us in tow, you are sure to find the best deal.

In case you have an LIC policy, be wise and get a loan against it. Come to Antworks Money for the much needed support and service.