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Aditya Birla Capital Limited
Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 59,000 employees, the businesses of ABCL have a nationwide reach with over 1,482 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1482
No. of Employees
33,500+
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 3,550 Billion
Active Customer Base
39 Million
Consolidated Lending Book
INR 699 BillionCorporate Governance Policies
- Policy for appointment of Statutory Auditors
- ABCL NRC Policy
- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
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- Vigil Mechanism / Whistle Blower Policy
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Press Releases
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- ABCL Collection and Recovery Agency List
- ABFL Terminated Collection and Recovery Agency List
- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rate & Service Charges
- Discontinued Service provider list
- Terms & Conditions
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- Fraud Awareness
- My Track
- ABCD Of Money
- ABCD Of Calculators
- Personal Finance
- SME and Business Finance
- Loan Against Property
Read about Money
Money management made easy
Read about Tax
Understanding direct and indirect taxes
Read about Retirement Plan
Know how to plan retirement well
Read about Insurance
Insurance and it's aspects for laymen
Read about Investing
Investments and their jargon - simplified
Read about Loans and Financing
Know all about loans and their management
Personal Loan EMI Calculator
Estimate your monthly loan repayments with Personal Loan EMI Calculator
Home Loan Eligibility Calculator
Calculate the expected EMI of your loan for easier repayments
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It measure your leanness or obesity basis your height and the weight.
Income Tax Calculator
Calculate the tax payable by you based on your income
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Estimate the returns you can earn with your SIP investments
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Healthy living made easy with ABCD’s Digital Health Evaluation
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Manage your money effectively with Spend Track.
FAQs
Manage your money effectively with Spend Track.
Financial Reports
Manage your money effectively with Spend Track.
Eligibility Calculator
Check your credit score and get tips on how to improve it
EMI Calculator
Healthy living made easy with ABCD’s Digital Health Evaluation
Application Forms
Bring your assets and liabilities under one platform
Brochure
Manage your money effectively with Spend Track.
FAQs
Manage your money effectively with Spend Track.
Financial Reports
Manage your money effectively with Spend Track.
Eligibility Calculator
Check your credit score and get tips on how to improve it
EMI Calculator
Healthy living made easy with ABCD’s Digital Health Evaluation
Application Forms
Bring your assets and liabilities under one platform
Brochure
Manage your money effectively with Spend Track.
FAQs
Manage your money effectively with Spend Track.
Financial Reports
Manage your money effectively with Spend Track.
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
Loan Against Life Insurance Policy
Leverage your securities for easy financial solutions
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Register yourself -
Provide basic documentation
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Get loan disbursal in no time
About the Loan
About the Loan Against Life Insurance
Most people take life insurance policies in today's times, hoping to offset future financial shocks. Life insurance policies help protect the policy holder's family against economic uncertainty arising out of abrupt loss of income. Life insurance can yield another valuable benefit: it can be used to generate requisite funds in lieu of a Loan Against Life Insurance Policy (LAIP).
Why Loan Against Life Insurance Policies (LAIP)?
Loan Against Life Insurance Policies offers customers the opportunity to leverage their existing life insurance policies and generate cash reserves quickly. This is a beneficial facet of life insurance, which helps you liquidate an existing policy (ies) to beget funds for professional or business purposes. It is pertinent to note that the loan is approved only against traditional life insurance models that include endowment and money back features. It is not granted against term insurance, but we approve the LAIP for unit-linked insurance policies.Also, not all life insurance plans qualify for personal loan against insurance policy. Aditya Birla Finance approves LAIP only for Life Insurance policies that have attained their surrender value at the time of application of the loan.
Is Loan Against Life Insurance Policies (LAIP) for you ?
If you require funds without conceding your other movable and immovable assets or monetising your equity investments, then it is advisable to explore the Loan Against Life Insurance Policies (LAIP) option. It is an excellent tool to monetise a long-term financial security instrument for the short term. Additionally, you do not need to surrender the policy to avail of the loan against policy. The borrower still accrues benefits and bonuses from the life insurance policy, as applicable.The (LAIP) combines the twin benefits of providing life insurance with surplus funds to satisfy immediate financial needs.
Features of Loan Against Life Insurance Policies
- Collateral: Life Insurance policies that have attained surrender value (Surrender value = amount of money you would get after terminating the policy after certain allowable period of time).
- Tenure: Up to 1 year.
- Minimum Loan Amount: Rs 25 lakh.
Next steps…
- If you want to apply for Loan Against Insurance Policies, download the application form.
- Our Relationship Manager can meet you at your convenience.
Do you have questions ?
Call +91 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.Loan Against Life Insurance Policies FAQ's
Loan against life insurance policies are policies you get from reputed insurers that you can use as collateral to take a loan.
Yes, you can get a loan against various insurance policies, such as life insurance policies from reputable insurers. These policies are your collaterals for the loan, enabling you to borrow money based on their surrender value.
You can secure a loan against an insurance policy with a minimum starting amount of Rs 2 lakh and borrow up to 80% of the policy's surrender value that you pledge as collateral.
Contact your lender to get a loan against an LIC policy and fill out an application form. Provide policy details, including the policy number, surrender value, and required documentation such as KYC. Once approved, you can receive the loan amount based on the surrender value of your LIC policy.
Contact the lender for loan facilities against LIC policies, fill out the application form with policy details, submit necessary documentation like KYC, and receive the loan based on your policy's surrender value for immediate use upon approval.
The surrender value in LIC (Life Insurance Corporation of India) is the amount policyholders receive if they terminate their life insurance policy prematurely. It includes premiums paid and bonuses accrued, minus any deductions or charges by LIC. .
To check eligibility for an LIC policy, visit the LIC website or contact your nearest LIC branch. Provide policy details and personal information for verification. The representative will assess your eligibility based on policy type, premium payments, and policy status. .
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