Common Contracts
1 similar Policy Loan Agreement contracts
ContractPolicy Loan Agreement • February 15th, 2023
A POLICY LOAN AGREEMENT THIS AGREEMENT is made between The Great Eastern Life Assurance Company Limited (‘the Company’) and the undersigned Applicants (‘the Borrower and Assignee’). In consideration, the Borrower and Assignee will agree to the terms set out below: I. The Loan Agreement is subject to the following conditions precedent:a. On application by the Borrower, the Company will assess his/her loan eligibility in accordance with its applicable internal guidelines. The Company may in its sole discretion decide if it will approve or reject an application for a Policy Loan, without providing any reason whatsoever.b. All information provided by the policyholder / Trustee/ Assignee / Borrower in relation to the policy and loan application are true, accurate and complete. The Company shall have the right to recall the loan amount (including any accrued interest) and/or terminate the Policy Loan immediately if any of the information is false, inaccurate or incomplete.c. The policyholde
