Purpose

Advance Against LIC Policies

Target Group

Personal borrowers in their individual capacity

Ineligible

Corporates/business concerns

Quantum

90% of the surrender value

Security

Endowment policy with profit/money back policy of LIC/PLI/ policies of Pvt insurers approved by IRDA

Margin

10% of surrender value

Repayment Period

Max.48 EMI

Holiday period

Nil