Loan against insurance polices

The loan against insurance polices can also avail of loans against your insurance policy or policies. But all the insurance polices cannot avail the loan. The polices such as endowment and money-back polices, as they should have maturity value. As such type of insurance policy holders can avail the loans.

So now you came to know that the term insurance holders cannot avail the loan, as they don’t have any maturity benefits. The Unit-linked plans also cannot avail the loan as the returns aren’t fixed and depend on the market performance also.