Briezi 4+

Introducing Briezi, your go-to app for seamless insurance management and financial solutions in India! Uniting all your life, health, and general insurance policies in one digital repository, Briezi empowers you to understand your coverage better. Easily make premium payments, manage policies, and enjoy the following key features:

Digital Insurance Hub:
Access all your insurance policies conveniently in one place. Briezi simplifies policy management, giving you a comprehensive overview at your fingertips.

Easy Premium Payments:
Effortlessly pay all your insurance premiums within the app. Say goodbye to scattered payments and enjoy the convenience of a unified payment platform.

Premium Financing at Your Fingertips:
Convert your insurance premiums into manageable EMIs with annual interest rates ranging from 14% to 18%. Briezi makes premium financing simple and accessible.

Insurance Policy Loans:
Need extra financial support? Avail loans against your insurance policies at a competitive annual interest rate of 12%. Briezi is here to offer you flexible and convenient financial solutions.

Risk Coverage Without the Cost:
Assign your insurance policy to Briezi and continue enjoying comprehensive risk coverage at zero additional cost. Experience peace of mind without the extra financial burden.

Loan against insurance

Our APR varies from 12% to 18% & you can choose a wide range of repayment options starting from 6 to 60 months.

Key features:

• Loan amount: ₹ 15,000 - ₹ 15 lacs

• Tenure: 6 – 60 months

• Minimal paperwork

• Interest Rate: 12%


Here’s an example of how a loan against insurance work
• Minimum Tenure - 6 Months

• Maximum Tenure - 36 Months

• Loan amount: ₹ 50,000

• Processing fee (2% of loan amount * 18% GST) : ₹ 590

• Total Loan amount: ₹ 50,590

• Interest: 12% p.a. (on reducing principal balance interest calculation)

• Tenure: 12 months

• Your EMI: ₹ 4,495

• Total Amount to be paid: ₹ 4,495 x 12 = ₹ 53,940

• Total interest paid: ₹ 53,940 - ₹ 50,590 = ₹ 3,350

• Total cost of loan: ₹ 3,350 + ₹ 590 = ₹ 3,940

• APR (Annual Percentage Rate): 14.2%

Eligibility Criteria

• Saving insurance policy with surrender value

• Above 18 years


Loan against insurance interest rates and other charges

Below are the applicable fees and charges for loan on insurance

Interest rate: 12% p.a. (on reducing principal balance interest calculation)

Processing fee: Up to 3% of the loan amount

Bounce charges: ₹ 1180

APR (Annual Percentage Rate): 14.2%

Late payment charges: 2% of the loan amount whichever is higher as per the overdue amount

Stamp duty: 0.1% of loan amount

Pre-closure charges: ₹ 2% of outstanding loan amount

Our Partner NBFCs
• Radiant Equity Management Pvt Ltd