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Business

Pledged your life insurance policy for a bank loan? NCDRC says lender can surrender it without consent

LiveMint - Money · 1 September 2026 at 2:49 pm

Pledged your life insurance policy for a bank loan? NCDRC says lender can surrender it without consent

The NCDRC has ruled on a case involving an LIC policy assigned as security for a bank loan, holding that the insurer was not deficient in acting on the bank's surrender request.

Here's what the order means for policyholders who use insurance policies as loan collateral.

Read the full article on LiveMint - Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

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