Anjali Thakur · DistrictNews · 2026-09-01
Pledged your life insurance policy for a bank loan? NCDRC says lender can
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. Pledged your life insurance policy for a bank loan? NCDRC says lender can surrender it without consent | Mint.
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