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Life insurance can be used as collateral for a loan. It is an alternative to using real estate, stocks, bonds, or other assets as collateral. When you use life insurance as collateral for a loan, the lender will use the cash value of the policy to secure the loan. It's important to note, however, that life insurance is not a substitute for traditional forms of collateral.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
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