Requirements for policy loans:

1, the policy is valid for more than 6 months;

2. The insurance policy has certain commercial value;

3. Failing to pay the insurance policy in the past two years;

4. The lender's credit status is good, and there is no malicious overdue record;

5. The lender has a stable source of work income;

6. Other conditions stipulated by the bank.

In the Notice of China CIRC on Further Improving the Actuarial System of Life Insurance issued by CIRC, Article 4 clearly stipulates that if an insurance company provides policy loan services, the proportion of policy loan shall not be higher than 80% of the cash value or account value of the policy.

An insurance company may not accept the applicant to pay the personal insurance premium with cash value and repay the policy loan with a credit card.

Extended data:

Policy loans should pay attention to:

1, the policy loan speed is fast, and the general loan arrival time is 1-3 days. For small partners who are in urgent need of money, there is no need to worry about losing their protection because of surrender, and they can also avoid the losses caused by surrender, so policy loans are more suitable for people who need short-term capital turnover.

2. Policy loans must be applied by the applicant or the insured, and entrustment is not allowed. In addition, the policy loan applicant should be 18 years old and legally hold the policy, otherwise it will have no loan effect.

Since the insurance policy is used as collateral, there is no need to find someone to be the guarantor of the loan.

4. The general loan amount does not exceed a certain proportion of the cash value of the policy, and at the same time it needs to bear certain loan interest.

5. Generally, you can't apply for loans for policies that have been exempted from premiums, automatically paid premiums and are applying for claims, depending on the terms of each insurance company.

6. After the loan repayment is completed, don't forget to cancel the policy loan procedures.

Baidu encyclopedia-policy loan

Notice of China Insurance Regulatory Commission Network-China Insurance Regulatory Commission on Further Improving the Actuarial System of Life Insurance?

How to borrow an insurance policy?

General policy loans can only be applied to the insurance company with the consent of the insurance company, and the maximum loan amount is 80% of the cash value of the policy at that time.

Take Ping An Insurance as an example. The ways to apply for policy loans are as follows:

1. Bring valid personal identification documents and insurance policies to Ping An Insurance Customer Service Center or cooperative banks;

2. Entrust a salesman to handle it, and you need to provide a power of attorney, an applicant's ID card, an agent's ID card, an application for a policy loan, etc.

3. Handling by mail, including the loan application form and a copy of the applicant's ID card;

4. Ping An official website Ping An A Zhang Tong online self-help, just fill in the information and materials according to the requirements of the page;

5. The customer service telephone number is 955 1 1. Personal customer password service is required, with advanced password authority, and the policy account is true and effective. The amount of a single loan cannot exceed 50,000.

How to apply for a life insurance policy loan?

China Bank's life insurance policy pledge loan refers to a personal pledge loan business in which the borrower takes the unexpired life insurance policy as pledge, obtains a certain amount of RMB loan from the bank, and repays the loan principal and interest on schedule. The materials submitted are as follows: (1) Application Form for Pledged Loan of China Bank Life Insurance Policy; (two) the written commitment of the applicant, the insured and the beneficiary to the pledge; (3) Produce the original valid identity documents of the insured, the insured and the beneficiary (referring to the resident identity card, household registration book or other valid residence identity documents) and provide a copy; (4) The original life insurance policy with cash value issued by the insurance company that signed the insurance agency business cooperation agreement with Bank of China; (five) the insured of group insurance shall provide the written authorization of the applicant when applying for a loan; (6) Notice of Freeze of China Bank Life Insurance Policy and Certificate of Verification of Cash Value of China Bank Life Insurance Policy issued by the insurance company; (7) Other documents or materials required by the lender. As there are some differences between branches, please consult the loan handlers in detail.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.

How to borrow a policy loan

Policy loan, as its name implies, is a form of guarantee based on life insurance policy and applying for a loan from an insurance company or cooperative bank that can handle policy loan within the validity period of the policy.

Regarding the loan method of policy loan, there are the following two options for users to choose:

1. Go to the customer service center of the insurance company or the bank counter where the policy loan can be handled with the valid identity certificate of the applicant, the current settlement account under the name of the applicant and the insurance contract. To handle this business, the applicant needs to make an appointment in advance;

2. You can entrust others or business personnel to handle it. On the basis of the above information, you can prepare the client's ID card and power of attorney.

It should be noted that not all insurance companies can apply for policy loans. The insurance company or bank will decide according to the policy share, insurance type, effective year and compensation amount. The maximum amount of a general policy loan is generally 80% of the cash value. Short-term cash with low value such as accident insurance and medical insurance cannot be used for policy loans, while life insurance such as long-term annuity insurance and universal insurance or large critical illness insurance can be used for policy loans.