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
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