Loan under Jeevan Anand Plan 149-
On and after premium paying term
It has been clarified that on and after premium paying term under the above
plan,
loan up to 85% of the surrender value can be granted.
For calculation of guaranteed surrender value, kindly refer to circular
dated 2/4/2005 ref: co/act/2009.
Please note that if the loan interest is not paid for two half-yearly installments
excluding broken period,
then policy will be foreclosed and cannot be reinstated
on and after premium paying term is over.
This article has been prepared by Datacomp Training Academy for private circulation and quick reference.
For complete details please refer to circular CO/CRM/751/23 dated 10th June 2009 issued by the LIC of India.
On and after premium paying term
It has been clarified that on and after premium paying term under the above
plan,
loan up to 85% of the surrender value can be granted.
For calculation of guaranteed surrender value, kindly refer to circular
dated 2/4/2005 ref: co/act/2009.
Please note that if the loan interest is not paid for two half-yearly installments
excluding broken period,
then policy will be foreclosed and cannot be reinstated
on and after premium paying term is over.
This article has been prepared by Datacomp Training Academy for private circulation and quick reference.
For complete details please refer to circular CO/CRM/751/23 dated 10th June 2009 issued by the LIC of India.
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