Tata AIA Life provides instant loan up to Rs 1 lakh against policies

Policyholders of Tata AIA Life Insurance can now avail an instant loan of up to Rs 1 lakh at an interest rate of 8.80% per annum from their insurance policy without losing any coverage or without any credit check. The loan amount is credited to the consumer’s account within 1 minute via the insurer’s MyDigiAccount portal. Since the launch,this initiative has already processed over 500 requests and disbursed around Rs. 5.5 crores, streamlining liquidity solutions for policyholders.