Can you please give details on – Loan on LIC policy Jeevan Anand. like interest rate, will it affect final maturity value,Is it better to get loan on lic policy, etc.
Refer my post for interest rate “LIC’s revised (2012-13) interest rates for Policy Loans, Revival and Dating Back“. Yes at maturity they deduct the outstanding loan and they pay you the maturity amount (same applies to death claims). Whether it is better option or NOT? It is you have to decide but not ME.