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Life Insurance: Amitabh Chaudhry

Business Standard 

I have an endowment plan. Could I take a loan against my life insurance policy? What is the procedure? Will this affect my maturity amount? Yes, you may take a loan against your life insurance policy, once it acquires a guaranteed surrender value (GSV). To initiate the process, you have to give a written request at the branch.

The company will fill you about the eligibility. Based on your confirmation and the required documents, the loan shall be processed and the amount deposited in your account. Subsequently, you will receive a loan repayment schedule, with the details regarding ...

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First Published: Sun, August 28 2016. 22:22 IST