Ping An Bank's failure to repay the policy loan will definitely have an impact. If the loan is not repaid on time, it is overdue. If the loan is pledged by insurance policy, they can repay it by insurance contract. If you don't pay it back within the time limit, the interest will accumulate, the repayment will be more difficult, and the insurance that has been paid for many years will be invalid.

1. Long-term policies generally have a grace period (generally 60). If the insured fails to pay the premium after the grace period, the policy will be temporarily invalid. However, insurance companies can also use the cash value of the policy to pay the premium, or use the cash savings in the policy account to pay the premium. If the cash value is not enough to pay the premium, people can apply for a reinstatement policy within two years. If you still don't pay after 2 years, it will be completely invalid. If it is a short-term insurance product, because there is no grace period, if the premium is not paid, it will be invalid and the policy will be terminated.

2. The policy loan is equivalent to 80% of the safe loanable cash value. If the policy loan is not repaid, the cash value will directly offset the premium. If it is not enough, terminate the contract after 180 days, and then terminate the contract.

The policy loan is not repaid.

1. In order to prevent the borrower from not paying back the money, the insurance company has taken many measures in this regard, which has no benefit to the borrower at all, and it is more difficult to repay the money.

2. Failure to repay the loan according to the policy will bring great cash value to the borrower, the effectiveness of the debit note will be weakened, and even the contract can no longer be enjoyed, which will also affect personal credit information.

3. The general policy loan amount is related to the effective year of the policy and the insured amount, and the maximum loanable amount does not exceed the difference of the cash value of the policy. So, if you don't use the insurance policy to repay the loan, it is a personal loss.

2. Which bank makes policy loans?

Local general commercial banks can make policy loans as long as their policies are acceptable.

Policy loan application conditions:

1. This policy has been in effect for more than six months.

2. Insurance with monthly premium above 200 yuan.

Application materials:

1, ID card

2. Work certificate

3. Proof of address

4. Insurance policy (three copies can be superimposed)

3. Which bank can I borrow money from if I have a policy?

The policy can be loaned in the bank, but it must meet the basic conditions of the policy loan. Policy loan application conditions:

1, and the annual policy payment is more than 2,400 yuan;

2. The policy has been in effect for more than half a year;

3. The policy has a certain cash value;

4. The lender's credit information is good;

5. The lender is a legal citizen of China aged 18-65 and has a stable address in China;

6. Other conditions stipulated by the bank. The preparation materials for the policy loan are as follows: 1, ID card, proof of marital status, etc. 2. proof of address: (certificate issued by the neighborhood Committee or invoice for water and electricity payment in recent 3 months); 3. Work certificate; 4. Insurance policy; 5. Other supporting materials as stipulated by the bank. Policy loan application process: 1. The lender prepares relevant materials, fills in the loan application form at the loan bank and submits the materials; 2. Upon receipt of the application, the loan bank will confirm and review the information; 3. After approval, the lending bank contacts the lender and signs relevant contracts; 4. For bank loans, the lender shall fulfill the repayment obligations.

4. What banks are there for policy loans?

1. At present, all five banks (Bank of China, Industrial and Commercial Bank of China, Agricultural Bank, China Construction Bank and Bank of Communications) can handle it.

2. Policy loan basically every bank has this business, but not all types of insurance can be mortgaged, only approved, and the specific loan amount is mainly related to the value of the policy. You can compare several banks and choose which one is more suitable.

3. Loan target: Any natural person with full capacity for civil conduct, the applicant, the insured or the insured authorized by the group applicant can apply for a life insurance policy with cash value issued by an insurance company designated by the bank.

4. A natural person with full capacity for civil conduct; Holding valid identity documents of the applicant and the insured; Hold a life insurance policy with cash value as collateral

5. Pledged life insurance policies should be personal policies. If the borrower is the applicant, it must provide written proof that the insured and beneficiary of the pledged life insurance policy agree to pledge, and the insured and beneficiary have no capacity for civil conduct. If the borrower is the insured, it must provide written proof that the applicant and the beneficiary agree to pledge, and the beneficiary has no capacity for civil conduct. If the life insurance policy pledged by the borrower is a group policy, it must have a written authorization certificate from the insured unit and be confirmed by the insured insurance company;