LOAN CONDITION ON PLI
- Insurant should apply on LI-35 (loan application) and send to nearest CPC (at any HPO) along with policy document and premium receipt book or PDOC. Second and subsequent loan is admissible. (can be availed any time after repayment of previous loan)
- Second and subsequent loan is admissible after a year if the first loan is fully repaid.
- Loan interest @ 10% p.a is calculated on six monthly basis