1, the policy is valid for more than 6 months;

2. The insurance policy has certain commercial value;

3. Failing to pay the insurance policy in the past two years;

4. The lender's credit status is good, and there is no malicious overdue record;

5. The lender has a stable source of work income;

6. Other conditions stipulated by the bank.

1. For those customers who need cash flow in the short term, policy loan is a good choice, and its advantages mainly include:

1. If the policy is valid, the customer can continue to enjoy the insurance protection stipulated in the policy during the loan period. Compared with surrender, the insured need not worry about losing protection due to surrender, and can also avoid the loss of surrender fees.

2. The policy loan processing method is simple, and the insured only needs to bring the policy, valid identity certificate and the insured's written consent statement to the loan application to the insurance company in person. Taiping Life said that as long as the lender brings all the materials, the insurance company can complete the business on the same day.

2. Policy loan process:

(1) Prepare all the information required for the insurance policy, including the original personal ID card (if the applicant and the insured are not the same person, the original ID card of the insured should also be prepared), the original insurance policy, the bank card number and the information specified by the life insurance company, and apply for a loan at the counter of the life insurance company.

(2) The counter staff accepts the application and reviews the information.

③ After examination and approval, the insurance company determines the loan amount and signs a loan contract with the borrower. After the contract is signed, the insurance policy is left to the insurance company as collateral, and the insurance company issues loans.

Note: The loan amount of the policy is 80% of the cash value of the policy.

Three. Legal risk analysis of life insurance policy pledge Life insurance policy basically has the elements of pledge: Life insurance policy is the creditor's right based on life insurance contract, that is, the right of claim. Whether this right can be pledged depends on whether it is property, whether it can realize its value through market transactions and whether it can realize possession publicity. The pledged object of the life insurance policy is virtual property, which belongs to "other property rights that can be pledged according to laws and administrative regulations" stipulated in Item (7) of Article 223 of the Property Law, and can be used as the pledged object. Life insurance policy has cash value and returnability, and its pledge object is the right to ask the insurer to pay the corresponding price, which belongs to property right in nature.