09 June 2025: ICICI Prudential Life Insurance has disbursed over Rs 900 crore as loans against traditional policies to its customers in FY2025, thus providing customers with liquidity to tide over unexpected financial obligations.
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. In FY2025, the Company disbursed loans to over 42,700 customers.
Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance, said, “Life insurance is a long-term product and remaining committed for the tenure of the policy is the key to achieving the financial goal. Also, we also understand that customers may face liquidity challenges and therefore urge our customers to avail the loan feature. This will not only enable them to meet short term liquidity need but also ensure the long-term savings plan is uninterrupted. Customer can avail loan up to 80% of policy’s surrender value.
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