Pacific Insurance can still borrow money without the cash value of the policy. Because the loan is to check your personal credit report. If there is no overdue situation, it will be approved.

Do car loan insurance finance companies have to upload paper insurance policies?

According to the specific requirements of finance companies, each lending institution may have different requirements. But in principle, electronic insurance policies and paper insurance policies have the same legal effect, and now everyone is generally insured online or by telephone, so most of them are electronic insurance policies. There is no problem with the electronic insurance policy when making claims or checking the car, and it is also ok when lending the car. If this financial company doesn't need a paper policy, but you only have an electronic policy, you can switch to another institution or communicate with the insurance company whether it is possible to issue a paper policy.

Pacific Insurance Company, is there no insurance policy to get a loan?

Insurance companies generally have credit business, and can provide proof of provident fund payment and social security to get loans, but the amount is not large.

Can I get a loan from my personal insurance policy?

Pacific insurance policies can be used for loans, but not all policies can. Only life insurance policies with savings nature such as life insurance, dividend insurance, endowment insurance and annuity insurance can apply for policy loans, while universal insurance, investment-linked insurance, short-term accident insurance and medical insurance cannot apply for this service.

The premise of policy loan is that it has been insured for more than two years and the insurance account has cash value. Usually, the maximum loan provided by an insurance company is 70% to 80% of the cash value of the customer's policy.

Insurance policies are only suitable for short-term use, not for high-risk investments such as stocks.

Policy loans must be applied by the applicant or the insured, and may not be entrusted; Insurance policies that have been exempted from premium cannot be handled, which is more common in children's insurance

Extended data:

Insurance policy is an innovative means for insurance to break through the original single function of sharing risks and digesting losses and develop into multiple functions such as saving and investment.

The policy loan is a credit loan and does not need to be mortgaged. The minimum loanable amount is 30 times of the annual payment of the policy. According to the different qualifications of each customer, the loan amount can even reach 60 times of the annual payment of the policy, 120 times, and the loan can be released on the same day at the earliest.

The policy loan processing procedure is very simple. Customers only need to bring their ID cards and insurance policies. The amount of the policy loan will not have any impact on the cash value of the policy. After withdrawing the cash value, you can also apply for the policy loan of the policy. Whether the policy is invalid is related to whether the customer pays the fee normally, and has nothing to do with the loan amount.