Hi,
I have 2 of the above type policies as follows.
DOC 28/01/2001 For Sum assured 5lac DOM 28/01/2016
28/03/2001 5lac 28/03/2016
Around 28/07/2014 I need some funds to meet wedding expenses.
How much loan can I raise on these 2 policies on 28/07/2014? Is it better to take loan and pay interest and ultimately settle the loan from the proceeds of the matured amount on DOM Or liquidate the policies on 28/07/2014?
Thanks