Lic loan form 2026

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The document is an application form for obtaining a loan against life insurance policies issued prior to June 1, 1969. It outlines the terms and conditions for the loan, including interest rates, repayment obligations, and the assignment of the policy as security for the loan. The form also includes sections for acknowledgment of receipt of the loan, declarations for illiterate borrowers, and instructions for completing assignments related to the policy.

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Click ‘Get Form’ to open the LIC loan form in the editor.
Begin by entering the date at the top of the form. This is essential for processing your application.
Fill in the address where you would like the loan cheque sent. Ensure this is accurate to avoid delays.
In the 'Policy No.' field, enter your specific policy number. This links your application to your insurance policy.
Specify the amount you wish to borrow in the designated field, ensuring it aligns with available limits.
Review and agree to the terms regarding interest rates and repayment conditions outlined in the form.
Sign and date at the bottom of the form, ensuring all required signatures are included if there are multiple applicants.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the maximum loan amount against LIC?

What is the maximum loan I can get on my LIC policy? You can typically get up to 80% of your policys surrender value as a loan. For paid-up policies, the loan amount may be slightly lower. The exact amount depends on your policy type, premium paid, and duration.

Can I take a loan out against a life insurance policy?

When your policy has enough cash value (minimums vary by insurer), you can use it as collateral to request a loan from your insurance company. Keep in mind that if you have a newer policy it may take several years before it has accrued enough value for you to borrow against.

Who is eligible for loan against LIC policy?

Eligibility criteria for taking loan on LIC policy You must be 18 years or older at the time of loan application. Your LIC policy should be active and not lapsed. The policy must be either a ULIP or endowment plan. The loan amount can go up to 90% of the policys surrender value.

Is it good to take a loan against a policy?

Is it good to take a loan against an insurance policy? Yes, taking a loan against a life insurance policy is a smart way to access funds without surrendering the policy. You continue to enjoy insurance coverage while paying lower interest compared to unsecured loans. Its ideal for short-term or urgent financial needs.

What is LIC form 3510?

I/We hereby declare that I/We have not served on any Office of the Life Insurance Corporation of India any Notice of assignment or reassignment in respect of the above POLICY/ POLICIES except those, if any already Registered by the Life Insurance Corporation of India or the Insurer who issued the above POLICY/POLICIES

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What is LIC form 3762?

This document is an agreement between an insurance corporation and a policyholder regarding the issuance of a duplicate life insurance policy. It states that the policyholders original policy was lost and requests a duplicate policy be issued.