This is a loan in which you use your life insurance policy as collateral. You pledge your policy to the lender for the term of the loan. The lender offers you a loan, up to the value locked in your policy, similar to a gold loan.
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
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
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
loans against insurance on mera kal is easy
Policy loan in 5 easy steps
safe and secure
100% safe and regulated
Our lending partners are Reserve Bank Of India (RBI) regulated NBFCs and banks. You are in safe hands.
calculators
11,500+ customers have estimated surrender value, loan eligibility
Enter some basic policy details and receive an estimate of surrender value and loan eligibility immediately
More Details
Frequently Asked Questions
Except Term policies, most life insurance policies are eligible. Please contact us to check eligibility.
The interest rate starts at 11% per annum. A loan against an Insurance Policy is a fully secured loan, so the risk for the lender is minimal, allowing them to charge lower interest rates.
The minimum loan amount is ₹25,000 and maximum loan amount is ₹1 Crore. What you are eligible for will depend on your policy details.
Surrender value is the amount that the insurance company pays the policyholder if he/she decides to terminate the plan before maturity. To estimate your surrender value, please check our Surrender Value Calculator. For more information, please reach out to us.