Only savings policies can apply for policy loans, such as life insurance, pension insurance and dividend insurance.

Accident insurance, health insurance, investment-linked insurance and other types of insurance do not have the saving function and cannot be used for loans.

Bank loans have the following requirements for insurance policies:

1, payment time, some banks require that the payment must be over 3 years, and the insured has not changed within one year during the payment period. Of course, the specific requirements depend on the bank.

2. Age requirement: policy insured 18-60 years old.

Extended data

Policy loan application process:

1. The applicant prepares the materials, fills in the loan application form at the bank and submits personal materials.

2. The bank conducts information and telephone audit on the applicant.

3. After approval, sign a loan contract.

4. Bank loans.

Policy loan amount and lending time:

1, the loan amount of the policy is generally about 10-30 times of the premium, and the final amount will be given with reference to the comprehensive evaluation of the applicant's personal credit, work, income and family.

Generally speaking, the applicant can receive the payment within one to three days.