जीवन बीमा पॉलिसी सबसे उपयोगी वित्तीय साधनों में से एक है. यह आपकी अनुपस्थिति में भी आपके प्रियजनों की वित्तीय खुशहाली सुनिश्चित करने में मदद करता है. पॉलिसी अवधि के दौरान पॉलिसीधारक की दुर्भाग्यपूर्ण मृत्यु के मामले में, इंश्योरर नॉमिनी को एकमुश्त राशि प्रदान करता है. यह सहायता आश्रितों को दैनिक खर्चों को मैनेज करने और बिना किसी वित्तीय तनाव के अपने जीवन स्तर को बनाए रखने में मदद करती है.
हालांकि, एक और लाभ है जिसके बारे में कई लोगों को पता नहीं है. लाइफ इंश्योरेंस पॉलिसी का उपयोग फाइनेंशियल एमरजेंसी के दौरान तुरंत फंड एक्सेस करने के लिए भी किया जा सकता है. आप अपने कवर को सरेंडर किए बिना लाइफ बीमा पॉलिसी पर लोन का लाभ उठा सकते हैं. यह तुरंत लिक्विडिटी, निरंतर सुरक्षा और प्रतिस्पर्धी ब्याज दरों जैसे लाभ प्रदान करता है.
इस ब्लॉग में, हम विस्तार से समझाएंगे कि बीमा पर लोन क्या है, यह कैसे काम करता है, इसके फीचर्स, लाभ, पात्रता मानदंड और भी बहुत कुछ. पढ़ते रहें.
लाइफ बीमा पॉलिसी पर लोन क्या है?
लाइफ बीमा पॉलिसी पर लोन एक सेक्योर्ड लोन है, जिसमें आप फंड उधार लेने के लिए अपनी पात्र लाइफ बीमा पॉलिसी को कोलैटरल के रूप में गिरवी रखते हैं. The lender offers a loan amount based on the policy’s surrender value. You won’t have to sell or cancel your policy.
Your policy continues as usual, and you still enjoy life cover and other benefits during the loan tenure. This is different from surrendering the policy, which typically ends the cover.
You can use the borrowed amount for various needs, such as medical emergencies, education, business expenses, or personal requirements.
How does a loan against a life insurance policy work?
In a loan against a life insurance policy, your policy is assigned to the lender as security or collateral. The maximum loan amount is based on the policy’s surrender value. Most lending institutions allow you to borrow up to 90% of this value.
You continue to pay interest during the loan tenure, and your policy remains active. Repayment is usually made through EMIs (Equated Monthly Installments). They typically include both interest and principal components.
If you fail to repay the loan amount, the lender may seize your policy to recover its dues. After deducting the outstanding balance amount from the surrender value, the remaining amount is paid to the nominee.
Key features and benefits of a loan against a life insurance policy
A loan against a life insurance policy can be a highly useful option during emergencies or for meeting short-term needs. It offers a practical way to access funds without disturbing your long-term financial security. Since it is a secured loan, it usually comes with lower interest rates, quick processing, and minimal documentation. You can also benefit from flexible repayment options while continuing to enjoy the life cover.
Fast access to funds without policy closure
One of the biggest advantages of a loan on a life insurance policy is quick access to funds. You can apply for it online and get the funds in your bank account within a few minutes. You do not have to run from pillar to post or surrender your policy. It not only helps in saving your precious time but also provides adequate liquidity during a financial crisis.
सुविधाजनक पुनर्भुगतान विकल्प
Most lenders offer flexible repayment options for these loans. For example, you can choose to pay only the interest during the loan tenure. The principal amount can be paid in a single bullet payment at loan closure. Some lenders also allow you to make prepayments without any additional charges. This gives you control over your cash flow and allows you to plan your repayment based on your income.
Continue enjoying life cover benefits
Your life insurance policy stays active even after taking the loan. You and your family continue to enjoy the benefits of the policy. There is no change in coverage if EMI payments are made on time. However, if you default on your loan, the lender may deduct the outstanding balance from your policy’s surrender value or claim amount.
इसके अलावा, पढ़ें – lic पॉलिसी पर लोन: ब्याज दर, पात्रता और अप्लाई कैसे करें
Eligible insurance policies for availing a loan
Not all life insurance policies are eligible for securing a loan. The policy must have a surrender value. The lender sanctions the loan amount based on this value. Also, the policy should be active and have no outstanding loans against it.
In general, the following types of policies are eligible for a loan against insurance:
- Endowment policies: These policies provide a lump sum if the policyholder survives the policy term. They are commonly accepted as collateral by lenders.
- Money-back policies: These policies provide periodic payouts after a specific period. The accumulated surrender value makes them eligible for loans.
- Whole life policies: They provide lifelong coverage to the policyholder and accumulate cash value over time. Lenders may accept them based on specified conditions.
- ULIP: ये मार्केट-लिंक्ड बीमा प्लान हैं. कुछ लोनदाता अपने फंड वैल्यू के आधार पर ULIP पर लोन प्रदान करते हैं.
लोन राशि, ब्याज दर और पुनर्भुगतान की शर्तें
लाइफ बीमा पॉलिसी पर लोन की लोन राशि, ब्याज दर और पुनर्भुगतान की शर्तें कई कारकों पर निर्भर करती हैं. इनमें पॉलिसी की सरेंडर वैल्यू, बॉरोअर की क्रेडिट प्रोफाइल और लोनदाता की इंटरनल पॉलिसी शामिल हैं. अलग-अलग लोनदाता की शर्तें अलग-अलग हो सकती हैं. अप्लाई करने से पहले शुल्क, शर्तों और पुनर्भुगतान नियमों को समझने के लिए लोन एग्रीमेंट को ध्यान से पढ़ना महत्वपूर्ण है.
सेंडर वैल्यू के आधार पर अधिकतम लोन
लोनदाता आमतौर पर आपकी पॉलिसी की सरेंडर वैल्यू के आधार पर अधिकतम लोन राशि निर्धारित करते हैं. अधिकांश मामलों में, आप इस वैल्यू का 80% से 90% तक उधार ले सकते हैं. इंश्योरर और लोनदाता के आधार पर सटीक प्रतिशत अलग-अलग हो सकता है. उच्च सरेंडर वैल्यू वाली पॉलिसी अधिक लोन राशि के लिए पात्र हैं. अप्लाई करने से पहले पात्रता लिमिट चेक करना हमेशा उपयोगी होता है.
Interest rate structure and reference rates
The loan against a life insurance policy interest rate depends on the lender’s policy and your credit profile. Borrowers with strong credit scores may get better rates. दरें फिक्स्ड या फ्लोटिंग हो सकती हैं. फिक्स्ड दरें पूरी लोन अवधि के दौरान समान रहती हैं, जबकि फ्लोटिंग दरें मार्केट बेंचमार्क के आधार पर बदल सकती हैं. किसी एक को चुनने से पहले कई लोनदाता के ऑफर की तुलना करना महत्वपूर्ण है.
पुनर्भुगतान विकल्प और अवधि का विवरण
इन लोन की पुनर्भुगतान शर्तें आमतौर पर फ्लेक्सिबल होती हैं. आप छह से बारह महीनों के बीच सुविधाजनक अवधि चुन सकते हैं. कुछ लोनदाता आपको पॉलिसी अवधि तक लोन की अवधि बढ़ाने की अनुमति देते हैं. आप नियमित EMI या अवधि के अंत में एकमुश्त राशि के माध्यम से भी लोन राशि का पुनर्भुगतान करने का विकल्प चुन सकते हैं. विलंबित या छूटी हुई EMI भुगतान पर जुर्माना लग सकता है और आपके क्रेडिट स्कोर को भी नुकसान पहुंचा सकता है.
लाइफ बीमा पॉलिसी पर लोन के लिए पात्रता मानदंड
Eligibility for a loan on a life insurance policy depends on several factors. These include the applicant’s age, active policy status, income level, credit score, and the policy’s minimum surrender value. The policy must be in force and have built sufficient value over time.
Lenders may also assess your repayment capacity to determine your eligibility. It is important to note that the eligibility criteria may vary from one lender to another.
Who can apply?
Anyone can apply for a loan against a life insurance policy, provided they meet the lender’s basic eligibility criteria. Here are the usual guidelines that most lenders in India follow:
- Age: The applicant must be between 18 and 60 years old.
- Employment: The applicant can be salaried or self-employed.
- Policy: The policy must be in force and not lapsed.
- Minimum surrender value: Most lenders require a minimum surrender value of Rs. 10,000.
- Credit score: The applicant’s credit score must be 700 or more.
Documents required for loan processing
Lenders typically require the following documents to process a loan against a life insurance policy:
- KYC documents: Include basic ID and address proof. It can be your PAN card, Aadhaar card, voter’s ID card, driving license, or Passport.
- Policy document: Original life insurance policy certificate or bond, surrender value statement, and the policy assignment letter.
- Bank statements or a cancelled cheque.
- विधिवत भरा हुआ लोन एप्लीकेशन फॉर्म.
- हाल ही में खींची गई पासपोर्ट साइज़ की फोटो.
ध्यान दें कि यह सूची संकेतक है. The lender may ask for some additional documents during loan processing.
Fees and charges applicable
Apart from the interest charges, the lender may levy the following fees/charges on a loan against a life insurance policy:
- Processing fees: Charged by the lender for reviewing and handling the loan application. Usually expressed as a small percentage of the sanctioned loan amount. Some lenders also charge a flat fee.
- Late payment penalty: Usually charged as a flat fee if the loan EMI is delayed or missed. Some lenders also impose penal interest on the overdue amount.
- Foreclosure charges: Levied only if a borrower repays the loan amount before the end of its original tenure.
- Loan recovery fee: Levied only if the borrower defaults on the loan and the lender initiates recovery proceedings.
Since charges can vary by lender, it is advisable to check the latest fee schedule and read the loan agreement carefully before proceeding.
इसके अलावा, पढ़ें – भारत में क्रेडिट बीमा के प्रकार
Step-by-step process to apply for a loan against an insurance policy
Most lending institutions in India allow you to apply for a loan on a life insurance policy online. Here’s the step-by-step guide to do so:
1. अपनी योग्यता चेक करें
Check if you are eligible to apply for a loan on a life insurance policy with a lender.
2. एप्लीकेशन फॉर्म भरें
If eligible, proceed to fill out an online loan application form on the lender’s website. Ensure you input all details correctly.
3. ज़रूरी डॉक्यूमेंट सबमिट करें
Submit the required documents along with the policy assignment letter. You can upload them directly to the lender’s website.
4. Wait for the lender’s approval
Wait until the lender verifies your documents and provides approval for the loan.
5. Get money in your bank account
Upon successful approval, the loan amount will be disbursed directly to your bank account.
Important considerations before taking a loan against insurance
Before you apply for a loan on a life insurance policy, here are a few things you should keep in mind:
- Understand the potential impact on your policy benefits. If the loan remains unpaid, it may reduce the final maturity value or the death claim.
- The interest may continue to accrue over time, thereby increasing your total liability.
- If the dues exceed the surrender value, you may lose all policy benefits. The insurer may terminate your policy before the maturity date.
What happens if you fail to repay the loan?
If you fail to repay your loan within the normal tenure, the lender may offer you a grace period to make the payment. You can repay the outstanding amount, along with the late payment charges, within this period. However, if you are still unable to repay the loan after the grace period, the lender reserves the right to deduct the dues from your policy’s surrender value.
In case of the borrower’s death before repayment, the lender deducts the outstanding balance (along with interest) from the death claim. The remaining amount, if any, is paid to the nominee.
Hence, it is important to repay the loan on time. Proper planning can help you use this option wisely without affecting your long-term financial security.
सामान्य प्रश्न
A loan against a life insurance policy is a secured loan where you use your policy as collateral. The lender gives funds based on the policy’s surrender value. Your policy stays active, and you continue to receive its benefits while repaying the loan.
The loan amount is calculated as a percentage of the policy’s surrender value. Most lenders offer around 80% to 90% of this value. The exact amount depends on the insurer, policy terms, and lender policies. A higher surrender value usually means a higher eligible loan amount.
Not all life insurance policies are eligible for a loan. Lenders usually accept policies that have a surrender value. These include endowment plans, money-back plans, whole life policies, and some ULIPs. Term insurance plans are generally not eligible since they don't have a surrender value.
The loan against a life insurance policy interest rates start from 8% per annum. The exact rate depends on factors like surrender value, borrower’s credit profile, and loan terms. Since it is a secured loan, rates are generally lower than personal loans.
Yes, you can continue your life cover after taking a loan against your policy. The policy remains active, and all benefits stay intact. However, if you fail to repay the loan amount or interest, the lender may deduct the dues from the final claim or maturity value.
If you fail to repay the loan on time, the lender can recover the dues from your policy’s surrender value. It includes both outstanding principal and interest. If dues become too high, the policy may lapse, and your life cover could be lost.
Yes, there can be processing fees and prepayment charges on a loan against a life insurance policy, but they vary by lender. The processing fee is usually charged at the time of disbursal and may go up to 3% of the loan amount. A prepayment or foreclosure charge is levied if the borrower pays off the loan before the scheduled date.
15 अप्रैल 2026
पढ़ने में लगने वाला समय - 10 मिनट
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