Click Here to avail a loan on your active policy, that's equal to 90% of policy surrender value. The minimum amount you may avail is ₹10,000. You may also request this by visiting nearby Max life Insurance branch or by furnishing your request online @ service.helpdesk@maxlifeinsurance.com.

You will be required to submit following documents to avail this facility:

• Updated and completely filled loan application form (along with supported documents) 
• Self attested ID proof

Note: Policy loan is not available for Term Products, ULIP Products, Health Products and Cancer Plans

Additional terms and conditions applicable to loan available under eligible life insurance plans (“Policy”)

• The policyholder will have the flexibility to opt for loan against the Policy once the Policy has acquired surrender value (if any).
• The extant of loan allowed shall be as specified below:

• The Policy shall be assigned to Max Life Insurance Co. Ltd. (“Company”) on grant of the loan. The Policy shall be re-assigned in favour of the policyholder once the outstanding loan amount along with interest payable (if any), is fully re-paid.
• Initially, the loan will be granted for a maximum period of 10 years, extendable for further period of 10 years at the written request of the policyholder. In case no request is received, the Company will be entitled to recover or adjust the outstanding loan amount (including interest, if any) against the policy benefits.
• Notwithstanding the forgoing, the Company shall have the right to recover the outstanding loan amount (including interest, if any), by providing a three (3) months advance notice to the policyholder at any point of time.
• The policyholder shall make the repayment of outstanding loan (including interest, if any) at earliest to avail full benefit of the Policy and to avoid accumulation of interest on the outstanding loan amount.
• The rate of interest payable on the loan may be revised as per the applicable provisions of the loan clause under the Policy.
• Subject to the terms of the Policy, in case the outstanding loan (including interest, if any) exceeds the surrender value, the Policy shall terminate without any benefits.
• The above terms and conditions are subject to change from time and time. For more information, please connect with your authorized representative or write to us at service.helpdesk@maxlifeinsurance.com.