The plan coverage is equal to the sanctioned / outstanding loan amount as mentioned in the loan schedule. (life.futuregenerali.in)
I believe that partial withdrawal to repay outstanding loan amount can be made only on home loan and not land loan. (relakhs.com)
if you borrow against it and die while the loan is outstanding, the death benefit is reduced by the amount of the outstanding loan (thesimpledollar.com)