ICICI Prudential Life Disbursed Over Rs. 900 Crore As Loan Against Traditional Policies In FY2025

* Over 98% loans disbursed within 24 hours *

* Loan application can be made on the Company website or the Mobile app *

ICICI Prudential Life Insurance has disbursed over Rs. 900 crore as loans against traditional policies to its customers in FY2025. The loan against policy feature is very useful as it provides customers with liquidity without disturbing their long-term savings plan. In FY2025, the Company disbursed loans to over 42,700 customers.

Mr. Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance, said, “Life insurance is a long-term product, and customers may face liquidity challenges during the tenure of the policy. The loan against policy feature can ensure the financial savings plan remains on track. Notably, customers can avail of a loan up to 80% of the policy’s surrender value.

The process for availing loan against policy is paperless and quick. In FY2025, more than 98% loans were disbursed within 24 hours. Customers can use the Company website or our mobile app to lodge their applications.

We have witnessed an increasing adoption of the loan against policy feature among our customers with a 60% year-on-year increase in loan disbursals in FY2025. This reflects the commitment of our customers to remain invested in the product for the long-term and achieve the financial goals for which the product was purchased.

Notably, the funds can also be utilised for premium payments, ensuring continuity of the policy and its benefits.”