Now, You Can Get A Loan Against All Non-linked Insurance Policies: All You Need To Know
Last Update Date: 06-10-2026
Published by BW Businessworld
Abhishek Kumar's role: Quoted
Abhishek Kumar said the change would help policyholders who plan to pledge their life insurance policy for a loan. He also pointed out that these are secured loans, but a missed loan repayment or premium could cause the policy to lapse.
More of Abhishek's views on insurance
The article explains an IRDAI change that requires insurers to offer loans against all non-linked savings policies that carry a surrender value. It covers how such loans work, typical lending limits as a share of surrender value, interest rates linked to government bond yields, repayment choices, and which policies, such as term plans and ULIPs, do not offer this facility.
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Now, You Can Get A Loan Against All Non-linked Insurance Policies: All You Need To Know