Loan Against Insurance Policy
4 min
23 Jul 2025
Can I Withdraw Money From My LIC Policy Early?
A life insurance policy is a long-term commitment to protect your loved ones in case of an unforeseen event. LIC (Life Insurance Corporation of India) is one of the most trusted insurers in India, offering a range of plans that combine protection and savings. But what if you're facing a financial emergency? Can you withdraw money from your LIC policy before maturity? The answer depends on your LIC policy type, how long you've paid premiums, and the terms associated with withdrawal, surrender, o
by Sahana Bhat
4 min
21 Jul 2025
What Happens If I Die After Taking a Loan on My Life Insurance Policy?
Discover what happens to your life insurance payout if you die with an active loan. Understand how your nominee is affected and what gets deducted.
by Anwesha Roy
5 min
21 Jul 2025
Do I Need to Pay Both the Premium and Loan Repayments After Taking a Loan on my Life Insurance Policy?
Do I need to pay both premiums and loan EMIs after taking a loan against your life insurance policy? Not with Policy Holiday and Cover Continuation options!
by Anwesha Roy
5 min
3 Apr 2025
Gold Loan vs. Loan Against Life Insurance
Should I pledge my gold or my life insurance policy? Compare interest rates, loan value, risks, and benefits of policy loans and gold loans.
by Anwesha Roy
7 min
24 Mar 2025
Loans Against Mutual Funds vs. Loans Against Life Insurance
With growing financial awareness, individuals actively seek ways to build wealth and secure their future. Investing in mutual funds and life insurance policies are two popular assets used in this regard. However, when financial needs arise, these assets should also be considered vs. personal or unsecured loan options. Individuals can leverage existing investments to secure a loan at lower interest rates. Sometimes liquidating assets also makes sense, whilst at other times the penalties are high
by Sahana Bhat
4 min
19 Mar 2025
Loan Against Property vs. Loan Against Life Insurance
In times of financial need, leveraging your assets to secure a loan can be a smart move. While unsecured loans come with high interest rates and strict eligibility criteria, secured loans offer a more cost-effective alternative. Since these loans are backed by collateral, lenders face lower risk, allowing them to offer lower interest rates, longer repayment tenures, and higher loan amounts. Secured Loans Can Serve Various Purposes * Business Expansion & Working Capital – Entrepreneurs can
by Anwesha Roy
4 min
18 Mar 2025
Pension Fund Withdrawal vs. Loan Against Life Insurance
Life is unpredictable, and financial needs can arise in various situations—whether it’s funding your child’s education, covering medical emergencies, managing a cash flow gap in your business, or handling unexpected home repairs. In such cases, people often lean towards taking a loan. While personal loans are widely used, it is also tempting to dip into your long term savings such as your pension funds or your life insurance policies to fund immediate cash requirements. Whilst using long term
by Anwesha Roy
5 min
18 Mar 2025
Secured Cards and Loan Against Fixed Deposits vs Policy Loan
When in need of credit, leveraging existing financial assets can be a smart alternative to high-interest unsecured loans. Fixed deposits (FDs) and life insurance policies are two of the most commonly used financial instruments that can serve as collateral for secured borrowing. Secured credit products such as FD-backed secured credit cards, loans against fixed deposits (LAFDs), and loans against life insurance policies (LAIPs) provide liquidity while ensuring the original asset remains intact.
by Sahana Bhat
5 min
27 Feb 2025
Business Loans vs. Secured Loans
Understand the differences between business loans or GST loans and loans against life insurance to choose the best loan - interest rates, eligibility, etc.
by Anwesha Roy
4 min
19 Feb 2025
Loan Refinancing using Your Financial Assets
Discover how loan refinancing with a loan against life insurance policy can lower interest rates, reduce monthly payments, and save your money.
by Mera Kal Staff
4 min
18 Feb 2025
A Guide to Loans Against LIC: Often Smarter than Surrendering
Explore how policy loans against life insurance policies can offer low-interest loans with no CIBIL score checks or income proof.
by Anwesha Roy
5 min
17 Feb 2025
Can You Take a Loan Against ULIPs? Understanding Key Considerations
Learn about loan against ULIP policy and unlock liquidity without surrendering your unit linked insurance plan - eligibility, benefits, and key considerations.
by Mera Kal Staff
5 min
30 Jan 2025
Widening credit access using Secured Loans against Life Insurance Policies
If you’re looking for a zero credit score loan, loan secured by life insurance policy is the easiest choice. Choose Mera Kal for loans against insurance policy.
by Anwesha Roy
6 min
30 Jan 2025
New IRDAI Guidelines for Surrender Value (2025)
Looking for availing loan against insurance, but unaware of the IRDAI guidelines for surrender of policy, this blog is for you. Here are IRDAI new guidelines.
by Sahana Bhat
5 min
30 Jan 2025
How to Calculate the Surrender Value of Your Insurance Policy for Loan Eligibility
Learn how to calculate surrender value of life insurance policy and understand its impact on business loan eligibility to make informed financial decisions.
by Sahana Bhat
5 min
5 Dec 2024
Top 5 Insurance Policies Eligible for Loan Against Insurance
Loan against life insurance policy comes handy whenever we are looking easy and flexible loans. Here are the top insurance policies for loan against insurance.
by Sahana Bhat
5 min
5 Dec 2024
LIC Policy Surrender vs Loan – Which Is Better?
Let’s explore why loans against life insurance is a better idea than surrendering policies. Don’t surrender; take a loan against insurance policy instead.
by Sahana Bhat
5 min
5 Dec 2024
Loan Against Insurance vs. Personal Loan: Which is Better?
If you are confused between loan against a policy and personal loan, this post is for you. Compare insurance loan vs personal loan, and choose the better one.
by Mera Kal Staff
5 min
5 Dec 2024
Common Myths About Loans Against Insurance
There are several common myths about loans against insurance and these could be acting as barriers. Mera Kal is debunking loans against insurance myths.
by Mera Kal Staff
3 min
15 Nov 2024
7 Tax Benefits of Loans Against Insurance Policies
Understand benefits of taking a loan against life insurance policy. There are proper tax benefits of loans against insurance policies and you can avail them.
by Anwesha Roy