Max Life Insurance Loan Details 2023
What is Max Life Insurance Loan?
On Max life insurance policy you can also get a loan if needed. This is known as Max Life Insurance Loan. If you are a Max Life Insurance holder then you can easily take a loan through your policy.
This Max Life Insurance loan can be up to 90% of your surrender value. Through this, you can get a loan of up to a minimum of ₹ 10,000.
Document Required For Max Life Insurance Loan
You are also required to submit some necessary documents to get a Max Life Insurance Policy Loan. Only after submitting these documents can you get a Max Life Insurance Loan.
You need to submit the following documents to get a Max Life Insurance Loan-
- Duly filled out loan application form.
- Self-attested ID proof.
How to apply for Max Life Insurance loan?
You can get Max Life Insurance Plan both offline and online. To get a Max Life Insurance Loan through an online medium, you have to apply for it by visiting the official website of Max Life Insurance.
Whereas to get a Max Life Insurance loan through offline medium, you have to go to the nearest Max Life Insurance branch.
Max Life Insurance Loan is not available on whom?
Before applying for a Max Life Insurance Loan, you need to know which Max Life Insurance plan you can apply for a policy loan. On some insurance plans offered by Max Life, you are not given the facility to take a policy loan.
You cannot get Max Life Insurance Loan on the following plans of Max Life Insurance-
- Term Insurance Plan
- ULIP plan
- Health Insurance Plan
- Cancer Insurance Plan
