Borrow against your own LIC endowment, money-back, or whole-life
policy at the published LIC rate (currently around 9–10% per year).
No credit check; the policy itself is the collateral.
Asymmetrica · Policy loan report
LIC policy loan eligibility
Generated 28 April 2026
Policy loan calculator
Enter your policy details to see how much LIC will lend against
it today.
Illustrative. Uses the standard IRDAI-regulated
shape. Your plan's exact factor table may vary by ±5%. Per-plan
overrides will land here once we extract brochure facts.
Your policy
₹
₹ 1,00,000₹ 1,00,00,000
₹
₹ 1,000₹ 10,00,000
yrs
5 yrs40 yrs
yrs
5 yrs21 yrs
yrs
0 yrs15 yrs
0100
Eligible policy loan
₹71,805
90% of surrender value (₹79,783)
Total premiums paid
₹1,32,500
Vested bonuses (so far)
₹1,17,500
Surrender value (basis)
₹79,783
Loan rate (LIC)
~9–10%
Half-yearly compounding
How it works
Eligibility = up to 90% of surrender value for in-force policies, 80% for paid-up policies.
Interest is charged half-yearly. You can pay just the interest, or let it compound and settle from claim proceeds.
If interest accrual ever exceeds the surrender value, LIC can foreclose the policy.
No credit check — the loan is secured against the policy itself.
Watch-outs
Effective cost is ~9–10%, comparable to a personal loan and higher than most secured options. Use only if cheaper credit isn't available.
Outstanding loan + interest is deducted from the maturity payout, which can dramatically shrink your final corpus.
Surrendering or letting the policy lapse with an outstanding loan triggers immediate netting against surrender value.
Doesn't apply to: term plans (no surrender value to lend against), most ULIPs, immediate-annuity plans.