2 Replies to “What is automatic premium loan provision in insurance? And in which section of insurance act it is written?”


  1. APL ( Automatic Premium Loan )is a provision of life insurance, permanent policy, which constitute that if an insurance policy has already enough fund for the cash value and the policy holder is not able to pay his premium the tendency of the APL is to effect in order that the policy would not lapse and will still be in force though payment of premium has not been made. This will last until the cash value is exhausted.

    This provision can be found in the Non Forfeiture Option ( NFO ) of the policy contract.





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