ICICI Prudential Life Insurance Company has disbursed over Rs 900 crore as loans against traditional policies to over 42,700 customers during fiscal year 2024-25. Customer can avail loan up to 80% of policy’s surrender value. The company has seen an increasing adoption of the loan against policy feature among its customers with a 60% year-on-year increase in loan disbursals in FY2025.
The loan against policy is an extremely useful feature as it allows customers to unlock liquidity, in what is essentially a long-term plan and ensures the life cover and savings objective is not disrupted. Notably, availing a loan against policy has no impact on the credit score of customers.
ICICI Prudential Life Insurance Company offers a range of life insurance, health insurance and pension products and services to its customers.
