Bajaj Allianz Life rolls out instant policy loans, delivers funds in 24 hours

Bajaj Allianz Life Insurance has introduced an enhanced loan against policy process. With a focus on digitization and customer convenience, the company now provides pre-approved loans against policies with a hassle-free, fully digital, and paperless approach.

The streamlined process eliminates the need for credit score checks, ensuring quick access to funds with minimal clicks. Bajaj Allianz Life aims to make borrowing easier and more accessible for its customers by offering competitive interest rates on loans against life insurance policies issued by the company.

Rajesh Krishnan, Chief Operations & Customer Experience Officer at Bajaj Allianz Life Insurance, emphasized the company’s commitment to customer-centric innovation, stating, “We live by our Customer First promise in every initiative we undertake. Our revamped policy loan process reflects this ethos, making it easier than ever for customers to access funds.”The updated process guarantees loan disbursals within 24 hours, significantly reducing turnaround time. With transparency at its core, the digital platform provides customers with full visibility of their loan amount from the outset, empowering them to make informed decisions.

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