Life can bring unexpected expenses when least expected. In such moments, breaking a fixed deposit or selling a valuable asset might seem like the only option. But there’s a better way. As an authorized LIC Insurance Advisor, I help people in Bardez, North Goa get easy and fast loans against their existing LIC policies without disrupting their long-term financial plans.
My name is Shankar Krishna Sawant. I operate from H No 585/4, Malim Betim, Penha de France, near Datta Mandir, Bardez. Over the years, I’ve assisted many policyholders in securing quick funds through policy loans without the need for heavy documentation or credit checks.
A policy loan is a facility offered by LIC that allows you to borrow money against the surrender value of your active policy. It is one of the smartest financial tools because it keeps your policy intact while offering immediate liquidity in times of need. You don’t need to cancel your policy or take personal loans at high interest rates.
Quick Processing: Most loans get approved within a short period if the policy is eligible.
Lower Interest Rates: LIC loans usually carry lower interest rates compared to personal loans or credit card debt.
No Need for Credit Score: You don’t need to worry about CIBIL checks or income proof.
No Asset Mortgage Required: Your LIC policy acts as the security, so no property or gold needs to be pledged.
Repayment Flexibility: You can repay the loan amount anytime during the policy term.
Many of my clients use policy loans during emergencies like:
Medical expenses
Education costs
Marriage expenses
Business investment
Home renovation
Travel or sudden relocation
These loans provide the financial breathing room without disturbing your savings or prematurely ending your policy benefits.
I begin by checking if your LIC policy is eligible for a loan. Then I assist with:
Verifying the surrender value
Submitting the loan application
NEFT registration for disbursal
Clarifying the interest rate and repayment schedule
Keeping your policy active during and after loan repayment
Whether you have Jeevan Anand, Endowment Plan, or Money Back Policy, I guide you step-by-step through the loan process and ensure smooth documentation.
A working professional from Betim needed funds for urgent surgery but didn’t want to break an FD or approach banks. I helped him get a policy loan within days. His policy continued, and he repaid the loan comfortably within the term.