Education Loan Against LIC Policy | GyanDhan
Did you know that Life Insurance Corporation (LIC) policies that protect you and your loved ones financially during unfortunate events can also help you secure education loans when needed? An education loan against LIC insurance policy is a sort of secured education loan where the borrower pledges an LIC policy as a collateral to the lender. This safeguards the borrower's assets, such as property or automobiles, to the lender in order to keep ownership. However, before applying for an LIC education plan, let’s understand how it works.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan-against-lic-policy