1. Not all policies can be loaned. Generally speaking, only life insurance contracts such as life insurance, annuity insurance and dividend insurance with savings nature can apply for policy loans.
For most health insurance, short-term accident insurance and medical insurance, there is no loan function because there is no cash value or cash value fluctuation. In addition to not having cash value, some insurance companies also stipulate that if premium exemption, reduction, policy advance, etc. have occurred, they cannot apply for policy loans.
2. Policy loans can only be handled by the insured himself, and cannot be entrusted to others. When handling a policy loan, you must show your identity certificate and insurance contract, and some insurance companies will also ask the insured to sign for confirmation.
3. The conditions for policy mortgage loans are: age 25-55 years old; One of the three items of household registration, work and residence information needs to be loaned locally; Taikang, Xinhua, China Life Insurance and Ping 'an, China, the insured paid their fees normally for more than 3 years, and did not stop paying during the payment period. There was no change of the insured within 1 year.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 440th The following rights that the debtor or a third party has the right to dispose of may be pledged:
(1) Bills of exchange, promissory notes and checks.
(2) Bonds and certificates of deposit.
(3) Warehouse receipts and bills of lading;
(4) Transferable fund shares and equity;
(5) Transferable intellectual property rights such as the exclusive right to use a registered trademark, patent right and copyright;
(6) Existing and future accounts receivable;
(7) Other property rights that can be pledged according to laws and administrative regulations.
Article 441 Where a bill of exchange, promissory note, cheque, bond, deposit slip, warehouse receipt or bill of lading is pledged, the pledge shall be established when the title certificate is delivered to the pledgee. If there is no certificate of rights, the pledge will be established when the pledge registration is handled. Where there are other provisions in the law, those provisions shall prevail.
Article 442 Where the redemption date or delivery date of a bill of exchange, promissory note, check, bond, deposit slip, warehouse receipt or bill of lading expires before the principal creditor's rights, the pledgee may redeem or deliver the goods in advance, and make an agreement with the pledger to pay off the debts in advance or to deposit the redeemed goods.
Article 443rd Where a fund share or equity is pledged, the pledge right shall be established at the time of pledge registration.
After the pledge, the fund share and equity shall not be transferred, except that the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the proceeds from the fund share and equity transfer.
Article 444 Where intellectual property rights such as the exclusive right to use a registered trademark, patent right or copyright are pledged, the pledge right shall be established at the time of pledge registration.
After the pledge of property rights in intellectual property rights, the pledgor may not transfer or license others to use them, unless the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the price for transferring or allowing others to use the pledged intellectual property rights.
Article 445 Where the accounts receivable are pledged, the pledge right shall be established at the time of pledge registration.
Accounts receivable shall not be transferred after pledge, unless the pledgor and pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the proceeds from the transfer of accounts receivable.
Article 446 Except for the provisions in this section, the relevant provisions in the first section of this chapter shall apply to the pledge of rights.