ABC Home
Loans
Investments
Insurance
Payments
Cards
Download ABCD

Scan to Download the App

Playstore
Appstore
1800-270-7000

Loan Against Securities

ABC Solutions

Loan Against Life Insurance Policy

Leverage your securities for easy financial solutions
  • Register yourself
  • Provide basic documentation
  • Get loan disbursal in no time
Apply

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.

What do we offer?

  • Loan Against Shares

A term loan against your equity shares that gets you financial flexibility without disrupting your long-term investment strategy. Loan Against Shares is better than loan against other securities like property or gold.

  • Loan Against Mutual Funds

We offer you the opportunity to receive immediate liquidity against your mutual fund units. Loan Against Mutual Funds is an overdraft facility for short-term monetary requirements with a shorter tenure.

  • Loan Against Life Insurance Policy

Leverage your existing life insurance policies to quickly generate cash reserves. Loan Against Life Insurance Policies helps you liquidate existing policy(ies) to get funds for professional or business purposes.

  • IPO Financing

ABFL offers you an opportunity to leverage your funds in primary markets, thereby increasing the Allotment Quantum Manifold. IPO Financing bridges the gap between required funds and the resources at hand at a predefined margin.

  • Promoter Funding

ABFL’s Promoter Funding is one of the most reliable business funding options against your shares. It helps you gain a financial solution without disrupting your long-term investments. 

A term loan against your equity shares that gets you financial flexibility without disrupting your long-term investment strategy. Loan Against Shares is better than loan against other securities like property or gold.

We offer you the opportunity to receive immediate liquidity against your mutual fund units. Loan Against Mutual Funds is an overdraft facility for short-term monetary requirements with a shorter tenure.

Leverage your existing life insurance policies to quickly generate cash reserves. Loan Against Life Insurance Policies helps you liquidate existing policy(ies) to get funds for professional or business purposes.

ABFL offers you an opportunity to leverage your funds in primary markets, thereby increasing the Allotment Quantum Manifold. IPO Financing bridges the gap between required funds and the resources at hand at a predefined margin.

ABFL’s Promoter Funding is one of the most reliable business funding options against your shares. It helps you gain a financial solution without disrupting your long-term investments.