Archive · 6 Jun 2025
ICICI Prudential Life Disbursed Over ₹900 Crore in Loans
Imagine you have a special savings account called a life insurance policy.
Sometimes, you might need money quickly.
ICICI Prudential Life lets you borrow money from your policy instead of closing it.
In the last year, they gave out over ₹900 crore in loans like this to help people.
Over 42,700 customers used this service, and most got their money in less than a day.
You can borrow up to a certain amount based on what your policy is worth.
It's like getting a quick loan but without hurting your credit score or stopping your savings plan.
This helps people handle money problems without losing their life insurance coverage.
ICICI Prudential Life disbursed over ₹900 crore in loans against traditional insurance policies in FY25.
Over 42,700 customers utilized this facility to address urgent financial needs without affecting their life cover or long-term savings.
More than 98% of the loans were disbursed digitally within 24 hours.
Customers can borrow up to 80% of their policy's surrender value.
Loan disbursals increased by 60% year-on-year.
- Who
- ICICI Prudential Life Insurance.
- What
- Disbursed over ₹900 crore in loans against traditional insurance policies.
- When
- In FY25.
- Where
- Not explicitly stated.
- Why
- To meet short-term financial needs without disrupting their financial goals.
- Loan Amount
- Over ₹900 crore
- Financial Year
- FY25
- Customers Served
- Over 42,700
- Digital Disbursement Rate
- Over 98%
- Maximum Loan Amount
- Up to 80% of surrender value
- Year-on-year increase
- 60%