Briezi

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

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.

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.

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