SUJESTION

Bajaj Finance calls & explain about loan on 0% interest, against Insurance Policy. loan disbursement will after 10 to 13 days after purchased the policy. To purchase 5L policy, ( Sriram, Hdfc or any other companies) 50k yrl premium for 5 L amount, for a tenure of 15 yrs ( premium payble Month/Quarter/Hly or Yly for 10 yrs only) there after for 120 months tenure to repay the amount in 108 EMIs ( 12 EMIs are waived for 50K payment done for Policy) and we have to nominate the BFC as our Nomination for death or maturity benifits. just now I want to know is it true/possible. it's not seem scam. because other than premium BFC not chrged single rupee for transaction. any body had get a loan against policy from BFC ? kindly furnish the details.