You can get a loan from the insurance company.
At present, all major insurance companies, including Taiping Life Insurance, China Life Insurance and China Ping An, have policy loans. Through policy loans, citizens can not only get emergency funds, but also maintain safety.
After the applicant applies for a policy loan, he can still apply for a claim in the event of an insurance accident. The insurance company pays the corresponding insurance premium after deducting the principal and interest of the loan, which does not affect the limitation of insurance claims.
At present, in Taiping Life Insurance, as long as the products purchased by customers have the function of policy loans, and the premium has been paid for 2 years (or more), and the total loan amount does not exceed 70% of the cash value of the policy, they can apply for policy loans, and the maximum term of each loan can reach 6 months.
Extended data
Take Ping An policy loan application conditions as an example:
1, aged 25-55.
2. Customer's household registration, work and residence information; One of the three projects needs to be local.
3. Taikang, Xinhua, China Life Insurance and China Ping 'an, the policyholders have paid fees normally for more than 3 years, and they have not stopped paying during the payment period, and there has been no change of policyholders in recent 1 year.
Precautions for policy loans are as follows:
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 life insurance, dividend insurance, old-age insurance, annuity insurance and other savings policies can make corresponding loans through policy pledge according to the cash value of the purchased insurance.
This policy is only suitable for short-term use, not for high-risk investments such as stocks.
4. The policy loan must be applied by the applicant or the insured, and it is not allowed to be entrusted; Insurance policies that have been exempted from paying premiums cannot be handled, which is more common in child insurance.