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## Surrender Value of Lic Policy

**Lic Surrender Value** is the amount payable to the policyholder by the LIC (Life Insurance Corporation of India), if he/she decides to exit the policy before maturity period. Lic Surrender value is payable to the policyholder only after 3 full years premiums are paid to the insurance company.

If you want to surrender the LIC policy, all the benefits associated with that policy along with protection cover will cease to exist. So, surrender the policy only if the policy does not fulfil your requirements or if you are not satisfied with the terms and conditions of the policy or if the features of the policy have been changed from what was promised to you before buying the policy.

- The policy acquires
**Surrender value**only after three full year premiums are paid. - If you surrender the policy before three years, nothing will be payable to you.

## Guaranteed Surrender Value

Guaranteed Surrender Value is the amount guaranteed by the insurance company to the policyholder in case of termination of the policy before maturity.

- In case of regular premium policy, Guaranteed Surrender value of Lic policy is 30% of the basic premiums paid. Also, the company excludes the first year’s premium while calculating surrender value.
- In case of Single premium policy,
**lic of India surrender value**is 90% of the premium (single premium) paid. It excludes the extra premium (if any).

**Guaranteed Surrender Value of Vested Bonuses**

Along with Guaranteed Surrender value, the surrender value of Vested Bonuses (if any) shall also be payable. It is equal to the vested bonuses multiplied by the Lic Surrender Value. The percentage applicable to vested bonuses will be from 16% to 35% based on the policy year (the year in which you have surrendered the value).

## Special Surrender Value

The Insurance Company will pay a Special Surrender Value to the policyholder, which is either equal to Guaranteed Surrender Value or more than Guaranteed Surrender Value. This Special Surrender Value will depend on the period for which the premiums have been paid by the policyholder and also the policy term at the time of surrender.

- Either Guaranteed Surrender Value or Special Surrender Value is payable to the policyholder, whichever is higher at the time of surrender.

## Lic Surrender Value Calculator

Here we are providing the **Lic Surrender Value Calculator** which helps you to calculate the Surrender Value of Lic policies. Using this you can calculate the **Lic Surrender Value Online**. Different **policy surrender value**s can be calculated using **Lic of India surrender value calculator** such as Lic Jeevan Anand Surrender Value, Lic Jeevan Saral surrender value, Lic money plus surrender value, etc.

*Here the values provided by Lic Surrender Value Calculator are estimated values. For detailed and accurate information please refer Lic surrender value calculator at www.licindia.in.*

**Note:** In the given below Surrender Value Calculators you can calculate the **Cash value** which is equal to the **Surrender Value**.

Lic Jeevan Anand Surrender Value Calculator

Lic Limited Endowment Surrender Value Calculator

Lic New Endowment Plan Surrender Value Calculator

Lic Single Premium Endowment Plan Surrender Value Calculator

Lic Jeevan Sangam Surrender Value Calculator

Lic Jeevan Lakshya Surrender Value Calculator

Lic Money Back 25 years Policy Surrender Value Calculator

Lic Money Back 20 years Policy Surrender Value Calculator

Lic Bima Bachat Policy Surrender Value Calculator

Lic Jeevan Shagun 826 Surrender Value Calculator

Lic Children Money Back Policy Surrender Value Calculator

Lic Anmol Jeevan 2 Surrender Value Calculator

Sachin Dnyaneshwar Dhokre says

Dear Sir,

I kindly request you send me my Surrender value for my knowledge.

My policy no is 924501792

sridhar badugu says

Kindly provide details how to surrender my policy

Giri says

I want to surrender the pension policy

T.SRINIVAS says

sir I. am T.SRINIVAS my policy no;-644746721 dt;-15-06-2002. I unable to continue the policy so please close my policy . kindly do the needfull. my phone no. 9951979957.

RAJENDRA AGRAWAL says

pls provide surrender value jeevan saral policy quaterly 1531 /- diposit emi 17 total deposit amount 26027.

Mariappan says

Tks

Rakesh Sarkar says

Sir i have a money back policy of 20 years table and term is 75-20/20 and sum assured is 300000 & installment premium quarterly is 5044.00. I done the the policy at the age of 34 in the year 28/09/2006.

please reply me the surrender value as on date, i paid all the premiums.

Thanking you.

suparna sarkar says

I want to know how much return will I get after surrendering Jivan Saral policy after 7 years with yearly premium of 36036.It was a 20 years policy.

BHADRA KUMAR S says

Policy No.113410207. I want either a loan against the policy or final surrender value urgently. What is the procedure and to whom I should approach. What will be my eligibility amount? Presently, I am working in Thrissur, Kerala.

Mob : 08547289676

dr anita koti says

the site is no help.

Nirmalendu Paul says

let me know the surrender value of my Asha Deep policy no. 411388928

Manoj Sharma says

Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….

भारतीय जीवन बीमा निगम.

Manoj Sharma

[email protected]

9911335083.

monika says

Hello, my policy number is 223230599. Plz tell me d surrender value.

manoj kale says

Send me my policy surrender value 993705227