Policy loan is a short-term loan financing method, and many business owners and individuals are willing to lend in this way. When people are in urgent need of loans, they are more concerned about when the funds will arrive and how many days they can pay. Then, how long will it take for the policy loan application to arrive? How many days does the loan take?

Policy loans have the characteristics of short term and large amount. Because there are many kinds of policy loans, and many factors of the borrower will affect the speed of mortgage, dad dare not generalize. However, the general policy loan can be completed in 2-3 days. If you have complete information and are fully prepared, it is entirely possible to lend money on the same day.

Life insurance policy loans arrive in a few days, mainly depending on the user's application route. If it is an online application and online review, the loan and the account will be completed on the same day after the review is passed. Offline application for policy loans is slower than online application, because both review and lending are done manually. It usually takes 1-3 days for users to lend money after they have passed the loan review.

If it hasn't arrived for a long time, please call China Life Customer Service Hotline directly.

How soon will the policy loan arrive?

China life insurance policy loans generally arrive in 1-3 days.

The arrival time of China life insurance policy is related to the user's application method. If the user applies for a policy loan online, the loan will arrive immediately after approval. If the user takes an offline policy loan, it usually takes 1-3 days to go to the insurance company to handle related business, and the loan amount can be received.

First, the meaning of policy loans

In life insurance with a long insurance period, when the insurance contract comes into effect and the liability reserve for a certain period of time is accumulated under the insurance policy, the insured or the insured requests the insurer to borrow money by insurance. According to the law or contract, when a policy applies for a loan, it is sometimes necessary to obtain the consent of the insured or beneficiary. The general loan amount cannot exceed a certain proportion (such as 80%, 90%, 95%, etc.). The accumulated liability reserve or surrender premium under the policy (that is, the cash surrender premium that can be received if you apply for surrender at that time). The loan term is generally one year, and interest must be paid. You can continue to borrow after the loan is repaid. If the insurance premium is paid by installments, the insurance premium will still be paid during the loan period. In the event of an insurance accident or the expiration of the insurance period, if there is any outstanding loan principal and interest, it can be deducted from the insurance premium. When the applicant or the insured fails to repay the loan within the time limit, and the principal and interest of the loan reach or exceed the liability reserve or surrender premium, the insurance contract is invalid.

Second, the main role of policy loans

1, which can meet the needs of short-term capital turnover and turn the "dead" policy into "living money".

2. The policy loan procedure is simple, and you can get the funds on the same day.

3. The original protection function of the policy is still valid after the loan, and you can also participate in dividends at the end of the year.

4. No creditor-debtor relationship is formed. Therefore, if the debt is not repaid at maturity, the debt liability will not be investigated.

A general loan means that a creditor lends money to a debtor, and the two parties sign an agreement stipulating that the debtor will repay the principal and interest when due.

If the loan of China life insurance policy is delayed, users can call the official customer service hotline of China life insurance at 955 19 for consultation.

How soon will the policy loan application arrive? How many days can I get paid?

Policy loan is a short-term loan financing method, and many business owners and individuals are willing to lend in this way. People are not only concerned about the expected annualized interest rate of policy loans, but also about when the loan is urgently needed, when the funds will arrive and how many days it will arrive. Then, how long will it take for the policy loan application to arrive? How many days does the loan take?

Policy loans have the characteristics of short term and large amount. Because there are many kinds of policy loans and many factors of borrowers will affect the speed of mortgage, we dare not generalize. However, the general policy loan can be completed in 2-3 days. If you have complete information and are fully prepared, it is entirely possible to lend money on the same day.

Before applying for a policy loan, you need to make sure whether the information you need is ready, and then whether the other party has checked it. If it has been completed, you can know the answer within 3 days, and you can sign the loan immediately after the result, up to one day.

Take Ping An Pratt & Whitney's life insurance loan as an example, its lending time is the same day, and the lending speed is still relatively fast. Details are as follows:

How long can the policy loan last? How long is the loan term?

Needing money is a problem that almost everyone will encounter. Therefore, many borrowers generally have requirements on the amount and duration of loans. As a kind of policy loan, the amount of policy loan still has great advantages compared with other loan methods, and the amount is generally between 200 thousand and 500 thousand. So, how long is the term of the policy loan? How long can the policy loan last?

Policy loan is a short-term loan because of its high amount and its cash value theory. The term of a policy loan is generally six months. If overdue, overdue interest will automatically roll into the loan principal. Although the policy is still valid during the loan period, the validity of the insurance contract will be terminated when the loan principal and interest are equal to the cash value of the policy. In other words, the insured not only has to pay more interest, but also can't get the insurance company's claim when an accident happens because the policy is invalid.

If it is a policy loan, the cash value of the loan policy is 80%, and the interest at the expected annualized interest rate of 5% can be paid once every six months. If it is needed after six months, you can continue to use the principal and pay interest after six months. If you borrow money from a bank with a policy, it will be calculated according to the bank's loan interest.

How long can the policy loan be lent?

Take Ping An Insurance as an example: as long as the main insurance contract is valid, you can apply for a policy loan at any time.

1. Loan amount: You can apply for a policy loan from our company, and the maximum loan amount is 80% of the cash value of the policy at that time.

2. Insured: the insured (if the insured and the insured are not the same person and the insured is not authorized, the insured must be authorized);

3. Acceptance time: within the validity period of the policy;

4. Applicable restrictions: the terms can be applied for loans, and there is no surrender rule for the main insurance.

5. Application place: local Ping An Insurance Customer Service Center.

6. When the applicant and the insured are the same person, documents shall be prepared:

Personal life insurance policy loan application

Identification documents of the applicant

Current settlement account in the name of the insured.

Extended data:

Customers who call our national unified service telephone number 955 1 1 shall meet the following conditions:

1. Advanced password permission has been enabled for personal customer password service;

2. The applicant and the insured are the same person, or the guardian of the insured, or the insured has authorized;

3. The original account of the policy is true and valid (the loan amount is transferred to the original account of the policy by default);

4. The amount of a single loan shall not exceed 50,000 yuan.