Loans Against Insurance Policies
September 16, 2014 4 Comments
The news that Life Insurance Corporation (LIC) of India has recently surpassed banks as the largest personal loan lender in India has turned the focus on insurance policies as collateral. Apart from LIC, other life insurers like ICICI Prudential Life and Edelweiss Tokio Life, and several banks, including the State Bank of India (SBI), ICICI Bank and HDFC Bank, offer loans against life insurance policies.
Loans are granted only against traditional policies that have life cover along with a savings element in them. Term insurance covers and unit-linked insurance plans cannot be pledged to secure loans against them.Policies must acquire surrender value -the amount you would get if you terminate the policy after a certain years -to qualify for loans. You must assign the policy in favour of the insurer to get a loan. Typically, insurance companies offer loans up to 85-90% of the surrender value. LIC charges an interest rate of 10%, to be paid every six months. Read more of this post
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I love how the web has democratized the media and entertainment industry. So when I heard of the Shemaroo IPO and how an old hand in the industry has decided to leverage new technology, I was immediately interested. Here is a list of the rights they own:
Don’t waste time trying to fight the obvious and get others to change their priorities. Gauge their interest and cut back on the time, attention, effort and resources you have and redirect them to better prospects.
“My preferred terms for the process of ideation are synthesis and reduction. In synthesis, a large number of ideas are created based on the problem at hand – without consideration for practicality, costs, risks, timeline, and other factors. In reduction, some ideas are slowly and progressively eliminated. Ideas which are impossible, impractical, or undesirable are discarded first. The ideas worth pursuing are prioritized and pursued. Next, those which aren’t working are also discarded. Through this process of reduction, the ideas that are truly valuable eventually float to the top. Google Labs is a good example of this process of synthesis and reduction. 
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