loan form statelife Policy
loan form statelife Policy State life insurance policy provides a valuable facility of the loan to fulfill your immediate money exigencies. You can avail a loan up to 80% of the net surrender value of your policy. On policy loans, we charge markup @ of 1O% per anum compounded semiannually. If you are interested in avail loan under your policy.policy holder take loan after completing two full years and after paying 3 premiums.
1-nation identity card
2-this form is verified bank account with clear branch stamp
3-policy document/policy bond attach with loan form
and policy is in force no premium is due and signature as same to our record this file is submitted zonal office where the policyholder has a policy.
Procedure for loan
state life could grant a loan to the customer on his/her written request, against the net surrender value of the policy. the amount of loan shall not exceed eightieth of the aforementioned web surrender price. the rate of profit or come back and therefore the different terms and conditions are going to be determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.
The policy can acquire a surrender price when it’s been operative for a minimum of 2 consecutive years provided no premiums square measure in default. The surrender price are going to be quoted by state life for the asking of the customer. the surrender price is bound to be not but half-hour combination premiums.
State Life insurance policies provide a wide range of benefits in case of death of the persons covered against them. If your lover coated underneath any of State Life has expired , you should lodge a death claim with us. All you have got to try to to is to send a written intimation to the zonal workplace of State Life sexual union the policy against that you’re lodging a death claim.
It is a matter of nice pleasure that your policy has matured. It is a time to satisfy the goals that you simply had set years back. For collection maturity advantages, please send a written request in conjunction with following documents to your sexual union State Life zonal office: