Nutan Bank

LIC Policy

Against LIC Policy

  • This facility is to be allowed against surrender value of LIC policy.
  • Our bank’s charge of assignment over LIC policy should be registered with concerned Life Insurance Company and such policy should be deposited with the bank.
  • No advance should be allowed against policy which cannot be assigned in favour of our bank or whole life policy.
  • Minimum margin is to be fixed at 10 %.


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