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Recently answer queries on Loan on Insurance

I Mr.K S N Raju cleared the loan interest and repayed the loan.I did not recieved the bond that i have cleared the loan.my policy no.691843222.will you please check it out

Dear Raju,

To know the staus of any particluar and specific plan, you need to contact the insurance company yourself.

In our website, My Insurance Club, we provide a platform to you so that you can compare and

choose a any insurance policy without a bias but we do not have details of the policies as... Read More>>

Asked By: k s n raju
On: 28th Dec 2012
Answered Within: 18 Hours

is there is any insurance policy against which we can apply for immidiate loan for business purpose.

Hi,

In Traditional Plans, loans are provided only after completion of 3 policy years and not immediately. The loan is provided after the policy acquires surrender value.

Asked By: kulwinder singh
On: 30th Nov 2012
Answered Within: 21 Hours

Sir, I am working with a limited Company and my annual income is 2.5. I want to know that, how can I get 25 lacks loan with the help of insurence policy and what type of policy i can do for getting a Loan, plz send me your answer in my mail id....hilaxxxxxx24@gmail.com

Dear Hilal Ahmed,

It entirely depends on the type of the policy whether you can avail a loan or not. It would be mentioned on the terms and conditions of the policy if loan can be availed or not.

Previously you could get loan only on Traditional policies but now the latest ULIPs also allow loans.... Read More>>

Asked By: hilalahmed24
On: 7th Apr 2012
Answered Within: 1 Days

I have taken reliance Life insurance endownment plan regular.In this there is a loan facility.How much can I take as loan and how to repay the loan.Yearly premium is 16000.sum assured is 300000

Reliance Endowment Policy offers the facility of taking a loan. The policy loan can be up to a maximum of 90% of the Surrender Value of the Policy at the time of taking the loan based on the terms and conditions at that time. This facility is available after payment of three full year’s premium and... Read More>>

Asked By: Krishna M
On: 10th Oct 2011
Answered Within: 1 Days

"Can a SBI insurance of Rs. 30,000/- p.a. get loan of Rs. 10 lacs, if it possible then tell me howz that????" reply me kxxxxxxu@gmail.com

It entirely depends on the type of the policy whether you can avail a loan or not. It would be mentioned on the terms and conditions of the policy if loan can be availed or not.

Previously you could get loan only on Traditional policies but now the latest ULIPs also allow loans. However, the right... Read More>>

Asked By: ravi
On: 11th Jul 2011
Answered Within: 13 Hours

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