Of course.

All policies with "cash value" can be borrowed, such as endowment insurance, whole life insurance, endowment insurance, universal insurance and dividend insurance. However, not all policies with cash value can apply for policy borrowing, such as investment-linked insurance, because its value fluctuates with the price of the investment unit and cannot be determined, so it is impossible to apply for policy borrowing.

Loan application requires conditions and materials.

1. Age requirement: 23-55 years old.

2. Income requirement: after tax ≥ 3,000/month.

3. Residence requirements: the current residence is ≥6 months, and you live or work in the application place.

4. Applicant requirements: It must be the insured.

5. Life insurance policy requirements: the policy takes effect, and the effective time of the policy is ≥6 months.

6. Application materials: second-generation ID card, residence certificate and life insurance policy materials.

Extended data:

Policy loan repayment

You can choose to pay all or part of the money in one lump sum. If the loan and loan interest cannot be repaid at the expiration of the loan term, the owed policy loan and accumulated loan interest constitute a new policy loan, and the interest is calculated according to the policy loan interest rate on the next day of the maturity date.

If partial repayment is selected, the repayment will be used to repay the accumulated interest first, and then to repay the loan principal. If the borrower fails to perform the debt at maturity, the insurance contract will be terminated when the loan principal and interest are lower than a certain proportion of the cash value of the policy.

Ping An Group-Ping An Pratt & Whitney Life Insurance Loan, let your policy move.

Ping An policy loan application conditions

Ping An policy loan application conditions:

1. Policies without policy value reserve, policies with premium less than one year, policies with small cash value in accounts, policies with reduced paid-off amount, and expired policies cannot be used for loans, depending on specific regulations.

2. To use the insurance policy as a loan, other loan conditions must be met. For example, the age of the insured in the insurance policy cannot be lower than 18 years old, nor can it be higher than 60 years old.

3. Savings policies can be used for loans, such as life insurance, dividend insurance, pension insurance, annuity insurance and other policies. In addition, some universal old-age security and universal old-age insurance policies also have the function of saving and can be used for loans. This requires accident insurance, health insurance, investment-linked insurance and other types of insurance, which do not have the saving function and cannot be used for loans.

Extended data:

Precautions for Ping An Policy Loan:

1. The premise of the policy loan is that it has been insured for more than two years and the insurance account has cash value. Usually, the maximum loan amount provided by insurance companies is 70%-80% of the cash value of customers' policies.

2. Not all insurance policies can be loaned. Enterprises and individuals who have purchased insurance policies with savings nature such as life insurance, dividend insurance, endowment insurance and annuity insurance can make corresponding loans by way of policy pledge according to the cash value of the purchased insurance.

3. Policy pledge loans are only suitable for short-term capital turnover, not for high-risk investments such as stocks.

4. Policy loans must be applied by the applicant or the insured, and may not be entrusted; It is common in children's insurance that a policy that has been exempted from premium cannot apply for a pledge loan.

Baidu encyclopedia-policy loan

What are the loan conditions of Ping An Pratt & Whitney Policy?

1. The policy must be valid for more than 6 months.

2. The monthly premium should be above 200 yuan.

The application materials to be prepared are:

1, ID card, work certificate and address certificate.

2. Insurance policy (3 copies can be superimposed).

The specific process of the loan is as follows:

1. Prepare the original personal ID card, the original insurance policy, the bank card number and the information specified by the insurance company, and apply for a loan at the lending institution;

2, lending institutions staff audit materials;

3. If approved, the banking institution will determine the loan amount and sign a loan contract with the borrower. After the contract is signed, the insurance policy is left to the lending institution as collateral to issue loans.

I would like to ask what are the loan terms of Ping An Insurance Policy?

Ping An Insurance provides policy loan services for life insurance policy holders, and can apply for a policy loan of Ping An Insurance if they meet the following conditions:

1. The applicant is between 25 and 55 years old;

2, the applicant's household registration or work or long-term residence in the local policy loans;

3. The insured Ping An Life Insurance Company of China has paid the normal fee for more than 3 years, which has not been paid off, and the insured has not changed in the past 1 year;

4. The loan amount applied for must be less than 80% of the cash value of the policy;

5. The applicant's credit status is good and there is no bad credit behavior.

For more information about the loan conditions of Ping An Insurance Policy, please visit: See More.