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 accumulated value.​

Yes, if your plan has accrued a surrender value or fund value in the case of ULIPs.

You can determine your policy's surrender value by contacting your insurer, Mera Kal or by accessing an estimate via the Mera Kal Surrender Value Calculator.

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.

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No. You’ll only get a percentage of the policy’s surrender value, which is usually less than the total premiums paid to date.

Yes, you must continue paying premiums to keep the policy active. Failure to do so may lead to policy lapse, affecting both your insurance coverage and your maturity benefits.