Your credit line, explained.

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.

Myra's most important observations

What Myra found for you

From your documents · each figure opens its finding

At risk

If it happens: scenarios, not added together

Six questions, answered

Tap an answer for the detail

01Product identity

ProductGodavari Jeevan Bachat (endowment)
InsurerGodavari Life Insurance Co. (insurer)
Sanctioned1 Apr 2026
Account••••1904
DocumentsPolicy loan letter

02What this is

03Key numbers

Loan in use

Rate a year

9.50%

9.73% compounded

Owed

₹1,57,125

incl. ₹7,125 interest

Surrender value

₹2,20,000

From the insurer

Foreclosure risk

~4 yrs

if interest isn't paid

₹1 lakh for 30 days

₹781

Interest only on use

04Important findings

Most important first · tap to expand

08What Myra could not verify

Nothing essential is missing.

09Suggested questions

05What you're committing to

Pay the interest when it falls due, or it's added to the loan
What's still owed is taken from the claim or maturity amount
The policy can be foreclosed once what's owed reaches the surrender value

06What can change

RateAs the sanction letter states
RenewalAs the sanction letter states

07Closing the line

Closing the lineRepay the loan and interest at any time; the policy is then free of the loan.
Credit reportCheck after about a month that it shows the line closed