Insurance companies are increasingly competing with banks by offering secured personal loans to policyholders, totaling ₹1.4 lakh crore, comparable to bank loans against fixed deposits. These short-term loans, with rates from 8.50% to 10.5%, allow policyholders to access funds without surrendering their policies.
from Banking/Finance-Industry-Economic Times https://ift.tt/CyO7lUj
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