How to download LIC Policy loan form?

Here is the simplest way to get the right LIC loan form from the official LIC website:

1. Visit the LIC official website 
2. Navigate to the ‘Forms’ section – Usually under Customer Services.
3. Select ‘Loan on Policy’ forms – Choose the relevant form category.
4. Identify your form number – Based on your policy type and assignment status.
5. Click and download – Forms are in PDF format.
6. Save and print – Keep a copy for filling and submission.

Mini checklist:

• Correct form number (5196, 5198, or 5204)
• Active policy details ready
• Printer and PDF reader installed

Want faster processing without the hassle of exhausting paperwork? Get a loan against insurance policy online

Filling the LIC loan form accurately ensures your application is not delayed. Follow these steps:

• Enter personal details exactly as per the policy document.
• Mention policy number(s) clearly, double-check digits.
• Fill in the loan amount required in both numbers and words.
• Provide bank account details for disbursement.
• Sign in all required places, including witness sections if applicable.
• Attach a copy of ID proof with the form.

You need to submit supporting documents along with the completed form:

• Original LIC policy bond
• PAN: Any one of the officially Valid documents: Aadhaar, Voter ID Card, Passport, Driving License, NREGA Job Card, Letter issued by the National Population Register  
• In case current address is not available on OVD, any one of the deemed to be officially valid document: Utility bill, Property or Municipal tax receipt, Pension or Family Pension Payment Orders (PPOs), Letter of Allotment of Accommodation from Employer issued by State Government or Central Government Departments, Statutory or Regulatory Bodies, Public Sector Undertakings, Scheduled Commercial Banks, Financial Institutions and Listed Companies, and Leave and License Agreements with such employers allotting official accommodationCancelled cheque or bank passbook copy
• Assignment deed (if applicable)

The interest rate on LIC policy loans varies depending on the product type and prevailing rates.

For more details, check our guide on LIC policy loan interest rate

Compare rates before you decide Bajaj Finance Limited offers competitive rates on ULIP and endowment loans

Avoid these errors to ensure quick approval:

Using the wrong form number for your policy type
Leaving mandatory fields blank
Writing illegibly or using a pencil
Forgetting to attach documents
Not matching bank account details with records
Caution: Even one single mistake can push your application back by days or weeks.

Once you submit your LIC loan application form with documents, the process typically follows this timeline:

What is the process for applying for a loan against insurance policy with Bajaj Finance?

If you have a ULIP or endowment policy, Bajaj Finance offers a simple online process:

Check eligibility – Ensure your policy type qualifies.

Apply online – Fill out the application form.

Submit KYC documents –  One recent photograph, PAN, and any Officially Valid Document

Approval and disbursement – Funds credited within 24–48 hours*.

Secure funds without surrendering your policy. Apply online for a loan against insurance policy now.

Getting the correct LIC policy loan form, filling it accurately, and submitting the right documents can make your loan approval smooth and quick. Whether you choose LIC directly or explore faster, competitive options like Bajaj Finance, preparation is key to getting funds on time.

Ready for a quick, paperless loan? Apply for a loan against insurance policy today.