Letter for Applying Loan Against Insurance Policy

Write a letter to a Divisional Manager of LIC and apply for loan against the Life Insurance Policy

Deepika,

Cross cut road,

Mani Nagar,

Bengaluru

December 1, 2014.

The Divisional Manager,

Life Insurance Corporation of India,

IT Complex Road,

Bengaluru.

Sub : Loan against Life Insurance Policy No 99945 for Rs 10,00,000/-

Dear Sir,

I got myself insured for life for a sum of Rs 10,00,000/- (Rs Ten Lakh only), vide the said insurance policy in the year 2004.

Now I very badly need an amount of Rs 2,00,000 (Rs Two Lakh only) in connection with the marriage of my younger brother to be solemnized towards the end of the next month. Despite my best efforts, I could not arrange the required amount from any source.

In the view of the above, I want to take a loan against my Life Insurance Policy which I mentioned above. Please let me know the maximum amount of loan permissible to be under relevant rules. The various formalities to be completed in this regard may also be intimated to me.   I shall be grateful if you kindly take necessary action in the matter at your earliest convenience.

Yours faithfully,

Deepika Manoharan