Policy
Loan
All
unit linked policies can acquire policy loans on condition that a
minimum of 3 years premiums have been paid i.e. 36 monthly premiums.
(a)
A Policy holder may borrow up to 75% of the Surrender Value.
(b)
The minimum loan, which may be granted, is KShs. 3,000/=.
(c)
Competitive interest rates are offered.
(d)
The only other requirements are the original Policy document and KShs.
25/= for revenue stamp.
(e)
With regard to the loan repayment, there are 4 methods one can repay
the loan: