PLI Loan Condition
Loan is admissible on Whole Life Assurance (WLA), Endowment Assurance (EA) and Convertible Whole Life Assurance (CWLA) policies.
Currency of policy should be minimum of 3 years in case of EA and CWLA.
Currency of policy should be minimum of four years in case of WLA.
Policy should be unencumbered/ unassigned.
Loan Limit:
(a) Whole Life Assurance
Currency of Policy Percentage of surrender value on which loan is admissible
More than 4 years to 7 years 60% More than 7 years to 12 years 80%
More than 12 years 90%
(b) Endowment Assurance and Convertible Whole Life Assurance
Currency of Policy Percentage of surrender value on which loan is admissible
More than 3 years to 5 years 60%
More than 5 years to 10 years 80%
More than 10 years 90%