Ping An Hongyun can withdraw 80% of the remaining cash value of the policy in one year and return it within 6 months, during which the insurance will not be affected. This is the policy loan function. Lenders are most concerned about the amount, time and interest rate. Similar to general pledge, the reference index of policy loan amount is the "cash value" of the policy. According to the regulations, the policy loan ceiling is calculated according to a certain proportion of the cash value of the policy, and each company is different. For example, China Ping An Life Insurance Company of China Insurance Company stipulates 80%; "Because the specifications of policy loans are formulated by the China Insurance Regulatory Commission, there is little difference among major insurance companies." The policy loan time is short, generally 6 months. There are also companies that can automatically renew their loans after maturity.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.