NEW

🎉 RBI Innovation Hub award for innovative, inclusive products

Easy loans against your life insurance policies

Starting at just 11% p.a.

Affordable

No CIBIL Score

Keep Policy Benefits

Apply Now

Note: You need to upload policy front-page or premium receipt

Estimate Surrender Value

Partners

Bajaj Finserv Logomain.hero.partners.abhi loans

Supported By

main.hero.partners.governmentofkarnatakaIIMA Ventures LogoRBI Innovation Hub Logo

What our customers have to say about us

I am delighted to share my experience with Mera Kal, from whom I recently availed a loan for personal needs. I opted for this loan because it offered a unique benefit - it was free from inquiries that could impact my CIBIL score. I plan to take a home loan soon and I wanted to maintain a healthy credit score.

I chose Mera Kal because of LIC's lengthy and cumbersome paperwork process. As a busy individual, I didn't have the time or patience to deal with excessive documentation.

From day one to the final stages, Anwesha was amazing throughout the whole process. She helped me out from start to finish, and I really appreciate her support. The whole experience was actually really smooth and efficient.

C

Chhavi

I was in need of funds for urgent repairs at home, and needed a fast process. LIC was not able to provide a loan on my ULIP policy, so I chose Mera Kal. It was a very good experience fast and smooth process thanks to Anwesha mam and Sahana Mam.

Mujhe ghar pe tatkaal marammat ke liye dhan ki aavashyakata thi, ek tez prakriya ke madhyam se. LIC mere ULIP policy par loan pradaan karane mein saksham nahin tha, isalie mainne Mera Kal chuna. Yah ek bahut achchha anubhav tha, tez aur suchaaroo prakriya, Anvesha maim aur Sahaana maim ka dhanyavaad.

D

Dhruv

Piling up EMIs and sudden financial crunch due to medical expenses meant that we either liquidate our assets or take a loan. But liquidating the assets was taking long and it was at this point that I thought about surrendering my LIC policy.

However, as my latest survival benefit was yet to be disbursed, the system didn't allow me to surrender it. I tried getting a loan from LIC, but my policy wasn't eligible in their system. Only way was to look for third party loan providers who took LIC policies as collateral.

Upon searching, I came across Mera Kal and contacted them regarding my needs. They were quick to respond and also said the same regarding the latest survival benefit not being paid. They reassured me and told me to try surrendering the policy if the need was immediate and they would help me along the way.

Later, I got a receipt of the last survival benefit being pre-approved on 30th December, 2024, due to be paid on 28th March, 2025. I reached out again to the team and shared the news. They were happy to help and we got the policy assignment done with Odisha Gramya Bank, even though dealing with LIC officials was painful.

I wouldn't have known what to do if not for the Mera Kal team and thanks to Anwesha for her immense help at every step. They were extremely helpful and caring towards my cause.

A

Amayanshu

WHY LOAN AGAINST LIFE INSURANCE POLICY?

Optimise your finances by taking a loan and preserve all your policy benefits!

Get a loan up to 90% of your surrender value
Build your credit score for future loan requirements
Keep your life insurance coverage and grow policy value
Enjoy the full savings value on policy maturity
surrender graph

50% of policyholders lose their policy benefits and savings owing to surrender or lapse

Policy loan is a better option

Simple, affordable, and builds your credit profile!

Simple Documentation

We just need your ID, policy document and bank details. No guarantors or income proof 🙂

Affordable Interest Rates

Interest rates start at 11% per annum, unlocking low cost cash!

Credit Builder

No CIBIL score required! This loan can help you improve your score

Mera Kal Benefits

loans against insurance on mera kal is easy

Policy loan in 5 easy steps

Mera Kal Benefits
safe and secure

100% safe and regulated

RBI logo

Our lending partners are Reserve Bank Of India (RBI) regulated NBFCs and banks. You are in safe hands.

calculators

16,000+ customers have estimated surrender value, loan eligibility

Enter some basic policy details and receive an estimate of surrender value and loan eligibility immediately

Estimate Surrender ValueCheck Loan Eligibility
Low Interest Loan

More Details

Frequently Asked Questions

A loan against a life insurance policy allows policyholders to borrow funds by using the cash value or surrender value of their life insurance policy as collateral. It provides access to funds without surrendering the policy, enabling continued coverage while utilizing its built-up value.​
Yes, if your plan has built-up/ accrued surrender value or fund value in the case of ULIPs.

Not all life insurance policies qualify for loans. Policies with a savings or investment component, such as endowment policies, whole life policies, guaranteed income, money-back and Unit Linked Insurance Plans (ULIPs), typically accumulate a cash value and are eligible.

Term insurance policies, accident and health plans that lack a cash value component, are ineligible.

The loan amount from your life insurance policy depends on the type of plan (endowment, pension, ULIP, etc.) and the policy’s surrender value or fund value, depending on the policy type. Most lenders offer a loan-to-value (LTV) ratio ranging from 50% to 90%.
Interest rates for these loans are generally lower than unsecured loans due to the collateral involved. Rates can vary based on the lender, policy type, and loan amount, but start from around 8% flat per annum.​
See more FAQs