Get In Form 5196

Filling out the IN Form 5196 online can seem daunting, but this guide provides clear, step-by-step instructions to help you navigate the process. This form is essential for applying for a loan against your life insurance policy, ensuring you understand each component thoroughly.

Follow the steps to complete your application effectively.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the date on which you are completing the form in the space provided at the top of the document.
3. Provide the address to which the loan cheque should be sent. Be sure to include all relevant details to avoid delays.
4. In the field labeled ‘Policy No.,’ enter your life insurance policy number accurately to ensure your application is processed correctly.
5. State the amount you wish to request as a loan in the designated area. You may also want to write this amount in words for clarity.
6. Acknowledge your agreement to the interest rate of 10.5% per annum, which is compounded half-yearly, by checking the relevant box or writing your confirmation.
7. Read through the terms and conditions related to the loan, and ensure you agree to these stipulations. If you have questions, consider consulting a professional.
8. Sign the document in the designated space. If there are multiple signatories, ensure each individual’s signature is captured accordingly.
9. After completing the form, review all entered information for accuracy before final submission.
10. You can now save your changes, download, print, or share the completed form as required.

Start filling out the IN Form 5196 online today to seamlessly apply for your loan.