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Loan against a policy · Godavari Jeevan Bachat (endowment) · Godavari Life Insurance Co. · ••••1904

Illustrative

Loan against a policy

InsurerGodavari

Owed

₹1,57,125

incl. ₹7,125 interest

Surrender value

₹2,20,000

from the insurer

Rate a year

9.50%

added half-yearly

Foreclosure risk

~4 yrs

if interest isn't paid

A loan from Godavari Life Insurance Co. against your life insurance policy: ₹1,57,125 owed at 9.50% a year. Interest not paid is added to the loan; once what's owed reaches the surrender value, the insurer can end the policy.

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