Monday, January 25, 2010

Loan in LIC of India

Loan may be available to the policy holders of LIC of India subject to the conditions of the policy. The loan value is calculated based upon the surrender value.  Approximately 85 % to 90% of the surrender value will be the loan value. The interest for the loan will be around 9%. If the loan is not repaid properly then during the time of claim the interest along with the loan amount will be deducted from the claim amount and the remaining will be paid to the policy holder. I hope it is better to repay LIC loans

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3 comments:

  1. my premium due date 23.12.2013 for Rs.6005/- yearly. till i am not paid.Now how much late fee? please tell me the calculation

    ReplyDelete
    Replies
    1. LIC will be charging you 9.5% per annum interest rate on the premium which you have to pay. Click here for further details

      Delete
  2. my premium due date was 31st nov 2016 till now i didnt pay. is my plicy lapse or till when i can make the payment to keep my policy active its annualy premium policy

    ReplyDelete