Sample reply letter from the insurance company to the customer

Name
Address
Policy Number

Dear Sir,

With reference to your latter of dd/mm/yyyy for loan, we have to inform you that the desired loan of Rs.45.000/- is available under the above policy at Interest at 14% per annum.

An absolute assignment on the policy will be executed in favor of the corporation.

We enclose the following documents for completion by you :

(a) Form of application for loan

(b) Receipt of the loan, and

(c) Declaration Slip regarding fresh assignment.

As soon as we receive the policy duly signed in our favor and duly completed documents, the loan will be remitted to you by a cheque on State Bank after deducting stamp duty.

Yours faithfully,

Name