pledge of policy documents

Querist : Anonymous (Querist) 07 March 2019 This query is : Resolved
my friend ria pledged insurance policy documents of lic of value 1 cr with sbi now she could not pay the loan . lic agent is telling that it is for a term amt cannot be given now . in that case how bank will proceed . if the lic agent says it can be recovered. can he have authority to say that .

Follow Query

Report Abuse

kavksatyanarayana (Expert) 07 March 2019
Did SBI sanction loan by pledging LIC policy documents (worth one crore)? After completion of period, the amount of LIC Policy will be released. Without completion of period, the subscriber will be given amount after deducting the amount as noted under terms and conditions in the LIC policy bond.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Society not formed by the builder since 1969.
Condonation of delay
Questions regarding partnership firm's case
Cancellation deed
Civil suit for partition
Property dispute..
Graduation while being govt job holder
File pertaining to a letter of administration
Property transfer related
Calling of witness

Time limitation for filing ep in consumer courts.
Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content