Loan facility is available under LICs Jeevan Umang Policy. The permissible loan amount that can be availed during the premium paying term of the policy is a certain factor of the surrender value of the policy as under:
- 90% maximum loan can be availed for in-force policies
- 80% maximum loan can be availed for paid-up policies
For loan taken on Jeevan Umang policies after the end of the premium paying term the maximum loan amount is calculated in such a manner that the amount of interest payable on the policy loan is not more than 50% of the annual survival benefit that is eligible for payment under the Jeevan Umang Plan.