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How to use Lic Surrender Value Calculator

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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 values 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

Lic Amulya Jeevan Surrender Value Calculator

Lic e Term Surrender Value Calculator

Comments

  1. Dear Sir,

    I kindly request you send me my Surrender value for my knowledge.
    My policy no is 924501792

    Reply

    • Send the details as mentioned below to the serving branch.
      1) Original Bond given by LIC
      2) Copy of your ID proof (PAN Card is appropriate)
      3) Filled and duly signed form to surrender the policy – Get it from any LIC branch, sign it from a Gazetted officer
      4) Send it or submit it to the branch from where you bought the policy

      Call me if you have any questions

      Reply

  4. 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.

    Reply

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

    Reply

  7. 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.

    Reply

  8. 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.

    Reply

    • I want know how much return will i get after surrending jivan saral policy after 7years with yearly premiumo of rs. 3676 it was a 16year policy

      Reply

  9. 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

    Reply

  14. I having the LIC policy since Jan 2001, Policy table 819, Jeevan Sureksha/Anand . What will the surrender value, If I surrender it at now.

    Reply

  16. let me know the surrender value of my money back policy amount paid 10 years 1765 quarterly total amt paid 35300
    please reply

    Reply

  19. My policy no 313637458 .want to surrender the policy , have some financial problems. Kindly surrender the policy. I have paid 2 yrs and 6 months premium..kindly help . its urgent.

    Reply

  20. I request you kindly send my surrender value of my LIC policy nos. 466018842 & 466006044 and 466021232

    Reply

  21. Respected Sir I have two policy as below pls tell me surrender value of this
    (1) 8 3 6 9 4 8 9 3 6
    (2) 8 3 6 9 4 8 9 4 4

    Reply

  24. I had opened ATM policy for 15 years term but can we close this policy after paying 10 year amount .
    what will be my surrender value .
    My agent had told me that we can withraw the amount and close the policy after successfully paying 10 years without any charges.
    LIC will not charge any thing.
    is this true

    Reply

  25. I want to know the surrender value of following policies..Policy no. 882086142, 885122024, 922819138, 881126305, 922196029, 884072303, 885122207, 884072304.

    Reply

  26. I want to surrender my LIC policy number 124271124 Jeewan Anand. Can you please advise about the surrender value.
    Thanks!
    Ramanand Tiwari

    Reply

  28. sir my police no is 363511335.table 149,premium term 15 15, premium QLY 2066/-date 28/01/2006. i paid 34 instalment.(2066*34=70244/-) pls tell me my policy surrender value. thanks and regards.

    Reply

  30. Pls send my son Mr Bhavin Rathod policy no 873143010 surrender value on November 15 .

    Thanks ,
    Pravin Rathod .

    Reply

  31. Dear sir,
    Please provide my surrender value amount for the policy no 126612245. And my quaterly premium is 3851.
    Policy name is jeevan anand.

    Reply

  32. i have paid Rs.31620/- ( sept 2014 )single premium of lic jeevan sulab in name of pramod pareek & Date of birth id 7 oct` 1990 kindli help me becase i have note received nany receipr or policy form lic so kindly provied

    Reply

  33. SIR, PLEASE INFORM ME THE EXPECTED MATURITY VALUE OF JEEVAN SARAL POLICY. I AM PAYING Rs. 72060/- ANNUALLY. THE TERM IS 35 YEARS.

    Reply

  34. I have taken LIC Jeevan Tarang (table no. 178) policy and had paid 4 years. What will be my surrender value for my policy.
    Sum assured is 50 lakhs
    term is 15 years
    policy paid for 4 years
    amount paid in 4 years is 13,75,000

    Can you please advise me how much I will get if I surrender.

    Reply

  35. I want to know my JEEVAN SHREE Policy No.. 901180981 . DOC. : 10/01/99
    Surrender Value
    I pay all the premium of above my policy
    Please gI’ve me surrender value for the same
    Thanks with regards.

    Reply

  36. please provide surrender value of lici policy jeevan saral table no.165, sum assured 187838/- , premium halfyearly ,
    premium amt 4245/- , premium paid 12 emi , total paid 50940/-

    Reply

  39. lici jeevan saral policy Table 165 25 dated 11.10.2010 Premium Rs 24020 Yly Maturity date 11.10.2035. Total amount paid Rs 24020×6=144120.upto 11.10. 2015.What will be surrender value if surrendered in Dec’15?

    Reply

  40. Hi

    Please let me know the procedure to surrender “Jeevan Tarang policy” purchased 9 years back from Dec 2006..
    37 Premiun paid quarterly Rs. 6281/-. All premiums are paid till date on time.

    Let me know the final withdraw amount, which I am eligible upon surrendering by december 2015.

    Reply

  42. dear sir . i have taken lic policy in year 2005. i paid all installments till the date. i just want to know that if i surrender my policy , will they paid full of my installment money or they will diduct something?

    Reply

  46. This is really insane rule that first three years premium has to pay otherwise nothing is payable. What is the meaning of this? If i pay two years premium and default on third year so how much i will get two premiums money or nothing? Please specify.

    Reply

  47. Dear sir plz hellp me maine apne family me 4policy karwa288375036 yahi mera policy no hai aya hai bt mere gr ka kuch halat thik nahi hone se Mai ek policy ko band karwa raha hu bt mera agent mujhe bahut pereshan kar diya hai plz mujhe paiso ka bahut hi argent kam hai mujhe 1month se bhaga raha hai plz hellp me sir

    Reply

  49. Sir, I want to be surrender my lic policy no is- 845371052,845371049 please send me surrender value detail.

    Reply

  51. Dear Sir, I wish to surrender my LIC policy no. 977305254. Request you to kindly provide me the surrender value and the procedure to surrender it.

    Reply

  52. I. am Kundan Sakpal my policy no;-948865113 dated;-28/03/2013. I unable to continue the policy so please close my policy . kindly do the needful. my phone no. 9960097184.

    Reply

  57. Hi,

    Do we get any benefits like medical coverage even after the maturity completion of LIC policy & surrendered the Policy back.

    Reply

  58. dear sir,
    please send me surrender value of policy number 547482208.
    plan 802-10
    date of commencement – 15.02.2011
    date of maturity – 15.02.2021
    sum assured – 1,00,000/-

    Reply

  61. Hello

    I’ve Jeevan Saral policy for which I’ve paid 72 installments (Jan 2010 to Dec 2015). My quarterly premium was Rs. 21, 500 and now I’m reducing the premium by 50% (Rs. 10, 500). This is resulting into partial withdrawal.

    Please let me know what will be the withdrawal amount. As per my assumption it may be around Rs. 2, 40,000 ((10,000 x 4 quarters) x 6 yrs). Is there any deduction that will be done and is there any bonus amount that will sum up with the withdrawal amount.

    Thanks & Regards
    Satyajit

    Reply

  67. Sir,i am unable to continue lic policy because unfortunetly i am physically unfit for earning .so please calculate surrender value and give me
    My policy no. is 517611826 table term 165 15

    Reply

  68. Respected Sir…
    I am Pratik S. Munjal i want to surrender my insurance policy….so tell me my surrender value amount…

    Reply

  70. Sir,
    I purchased two jeevan saral policies in March 2010 with a fifteen year term and a monthly premium of Rs. 6125 and Rs. 5137 respectively. I am unable to continue the two policies due to financial issues. What would the amount i can get back if i surrender the two policies after paying my march premium.Pl let me know at the earliest.

    Reply

  71. Sir,
    I am MD SABIR AHAMED.My LICI policy no-445919309. I am unable to continue the said policy so please cancel the policy and obliged me.
    Thanking you,i remain.The policy is paid through ECS.
    MOB-09733081487

    Reply

  73. I have a market plus policy from 2009 with premium ₹20,000. I want to surrender it. Please give me surrender value for the same

    Reply

  75. Dear sir,

    This is Naveen Reddy.R, I have jeevan anand lic policy ( Policy no.361530492) & now am not able to pay the policy.
    so i am decided to surrender my policy.
    Please can you send me, how much amount i can get this policy.Please kindly do the needful.

    Thanks & Regards
    Naveen Reddy.R

    Reply

  76. Dear Sir,
    I am K.Velayudham My Policy No.320164050.Pl tell me how much payment reced on closed time

    Thanks

    K..Velayudham

    Reply

  77. I am Jeevan Anand policy holder (policy no 418328045; DOC 28th sept 2006). I want to surrender my policy. Pl confirm my total surrender value. Mob 9040097826

    Reply

  79. Sir,

    I have Jee van Tarang Policy no.835988378. Policy started from 24.01.2007. Please advise me surrender value of my policy.

    Reply

  80. Sir,let me know how much return i will get after surrendering the policy my policy number 364657045(Market plus 1)

    Reply

  86. HI i have a Jeevan saral policy that 6 years is over i got this policy on 2010 and now i want to withdrawal it How much i will got it?
    How much percent i will take return on this policy .

    Reply

  87. sir my lic policy is from udaipur i want to surrender it in kanpur .can i do so because i am settled in kanpur.policy has been matured.

    Reply

  88. I want to surrender my policy. Money plus policy number is 893335210, table n terms are 180-20-20

    Reply

  89. jeevan anand me policy he 3yrs comlate ho gaye he or muje policy band karvani he to sir muje kitna payment return milega meri policy no 288358110 he sir please help me..

    Reply

  92. Sir i want to know how much return will I get after surrendering Jivan mitra policy after 15 years paid with yearly premium of 5390 It was a 20 years policy.

    Reply

  93. Hi,

    My LIC JEEVAN ANAND 149 policy number is 616086696. Policy activated in September 2010, and quarterly payment amount is 5256/-. I have not paid the installments since march 2013. Policy now needs revival and revival amount is 79459/- and vested bonus is 69500.

    I want to surrender this policy. Please let me know the calculations of the surrender amount with and without revival amount payment.

    Reply

  94. I would like to surrender my policy of Jivan Saral I would like to know what amount I will get.

    Reply

  95. HI,
    MY NAME IS NILESH KUMAR NAIDU

    I AM TAKEN JEEVAN SARAL POLICY I HAVE NOT ABLE TO PAY IN FUTURE SO PLEASE GUIEDLINE TO ME HOW I AM SURRENDER POLICY AS SOON AS POSSIABLE FOR BETTER

    Reply

  96. Dear Sir
    Pls send me the surrender value for jeean saral 165 plan.
    Policy no-865112324 Start date-4/5/2011 stll date we paid premium timely .premium paid quarterly 1531/-

    Pls suggestions your bset amount

    Regards
    Hiren Lad
    7698827324

    Reply

  101. Sir i have policy no. 179586359 table no. 149 what is the surrender value of my policy

    Reply

  103. Due to bad economical condition i am unable to continue & want to surrender my policy (no.-496260499 & 496871097). please tell me how much i shall get back.

    Reply

  104. I kindly request you send me my Surrender value for my knowledge.
    My policy no is 194678045

    Reply

  105. pls provide surrender value jeevan saral policy quaterly 2618/-diposit emi 24 total deposit amount 62832

    Reply

  106. My policy Jeevan saral Number : 656298751 Sum assured : Rs. 10,00,000/ so far i paid 5 times, Per term Rs. 48,040.00,

    If i surrender now, How much amount i can get,

    thank you

    Reply

  107. My name is Rajesh. Raj , I have submitted six monthly premium of Rs.6065/- upto 3 years, how much amount I will be paid after surrendering my policy after my policy.

    Reply

  109. Hi Sir,

    Please provide me the surrender value for the JEEVAN ANAND policy for the policy number:-645401856

    Thanks

    Reply

  110. Sir I wish to know the current status of surrendering my lic policy 789651080 for which I have applied last monday

    Reply

  114. My policy no 958211412
    I want to surrender value of this policy and also want to know procedure of online payment.
    How many loan amount I can be taken at this policy.
    Please reply immidiatly

    Reply

  115. dear sir/ mam
    i want to surrender policy. jeevan saral. what will be calculation for this policy.

    Reply

  116. kindly let me know the surrender value of my policy no.754402394. my phone no. is 7708844929

    Reply

  118. I kindly requst you sent me mysurrender value for my knowledge
    My policy no-164817396
    Name ANITA CHAUDHARY
    Please reply

    Reply

  120. Vedant B patil 875106155 178 20 200000 2512 9/25/2012 jevn tarang
    Vedant B patil 875109039 102 20 50000 614 12/25/2012 jevn kishor
    Manisha B patil 875109063 165 20 250000 6065 11/25/2012 jevn saral

    Reply

  121. Lic premium to the lic is a free money from public and that money is utilized by Lic to earn profit @_450% and in the name of bonus only megar amount is paid to the policy holders it is a legally organised loot by the insurance company.

    Reply

  122. —- BEAWARE OF WORST LIC GUIDELINES AND LOSSES TO INVESTORS —

    Hi all,

    LIC have policy that if you surrender a policy before its maturity then you have to >25% tax on surrender money LIC paying you. ex: after all policy related detection if LIC pays you 100000/- then it will considered as additional income for while tax calculation and you have to >20% of 100000 = 20000/ to government based on your tax slab. So all your savings is gone. First LIC will put penalty on your investment then again whatever the money you get after the penalty will be further taxed by the government based on your tax slab.

    My experience : 2010 invested 5 lacks, in 2015 it become 723000, in dec 2015 I surrendered the policy since I needed urgent money, now LI C gave me 723000 – 2% = 708540. then later government treated this 708540 as additional income and I have to pay 177135 as tax to government. ~25% tax based on your tax slab.

    Investment 5 -lacs after 6 years I got 542250 as return. My gain is 42250 for 5-lacs 6 years investment. ~1 . 5 % returns .. Even FD will give you min 7% gain. after tax you will get minimum 6% ….

    My LIC agent and the LIC people did not warn me about this. I lost my hard earned money :((((

    Reply

  123. Hello ,

    I have a LIc policy.
    Policy no. 334157123 I want to stop it.
    Mujhe kitne rupees refund honge.

    Reply

  124. let me know the surrender value of my AMIT KUMAR CHOUBEY policy no.519172004
    MY MOB NO:9625888338

    Reply

  126. I want to surrender my LIC Policy bearing Policy NO: 297031067. The yearly premium amount is Rs.48,391.

    Please assit me with surrender value. As the agent cannot explain me the clearly.

    Thanks.

    Reply

  128. I have taken the LIC Jana Raksha plan and pay R9962 annually as premium. I have paid 8 premiums till date. The term is for 20 years. But now I want to surrender the policy. If I surrender the policy now, how much amount will get back. please help me.
    Sundarraj.V

    Reply

  131. sir
    I want to know how much return will I get after surrendering.
    my policy no. are
    133345103
    428361910
    428366333

    Reply

  133. Respected sir, I have taken jeevan saral policy Tabe no 165 at the age of 30 for 30 years term .My quarterly premium 12250 till now I paid 23 installments. I want to konow if I surrender today how much money I will get including royelty & bonous? Please reply sir.

    Reply

  134. sir I have LIC’S profit plus policy no.976066679 & plan no. 188 single premium Rs.125000 let me know the surrender value of my policy . date of commencement is 24/1/2008 & date of maturity is 04/01/2028
    pl. massage me on mob.no. 9922603216

    Reply

  135. Dear Sir,

    I kindly request you send me my Surrender value for my knowledge.
    My policy no is 930369332 Bal vidya plan ( Without Profit) Table 135-18 (01)

    Please Reply

    Reply

  136. Dear Sir,

    i want to close my jeevan anand policy and money back policy already 3 years completed.
    how much we get.

    Reply

  137. MY Policy no 273075076, komal jeevan plan in meerut i want to know surrender value of my policy. tell me the procedure to close it.or surrender it.

    Reply

  139. dear sir,
    i want to surrender my policy 346853104 , due unable to pay .

    pl. provide the surrender value with proper procedure.

    regards
    yogendra soni

    Reply

  143. Hi,
    I have close my lic policy. I want to know that how much time taken for neft to credit money in my account. .

    Reply

  148. let me know the surrender value of my policy numbers are as 1)821987330 (2)821890231 (3)821890942 (4)821734550 (5)821892508

    Reply

  151. Dear Sir
    I have jevan anand policy 20years.I have paid 3 years.I need to surrender my policy. How much will I get amount for my policy.1350 per month.

    Reply

  152. Dear sir
    I am kishore kumar L my policy no 707970276,707970275,7079070274
    I am unable continue the policy pls close this policy and refund the amount my mobile no 9003096028

    Reply

  154. Policy No – 874945218 / 874836255 / 874823269 want either a loan against the policy or final surrender value urgently PLEASE.

    Reply

  159. Dear sir i want to surrender my jeevan anand policy 722196114 .pls send the how much value i can get. (three years complited)

    Reply

  161. Hi,

    I want to surrender my Jeevan Saral Policy. Details are as below:-

    Policy 1 : Date of commencement : 17/02/2010

    Yearly Premium : Rs: 24000:00 (paid in monthly permium of Rs:2042:00)

    Maturity sum assured mentioned on this policy is Rs.500000:00. As per my understanding, after completion of initial 5 years, the surrender value for this policy would be 100% of the premium paid which means if I surrender this policy after 17/01/2017, I should receive Rs.144982.00. However, when I made enquiry for surrender value, I was told it would be somewhere around Rs. 90000.00. This amount is even lesser than the premiums I have paid so far. Would you please help me understand what should be my surrender value if I surrender after 17/01/2017? How can I get better surrender value so that I would not have to suffer loss? Please guide me. Thanks.

    Reply

  164. I have Jeevan Anand 149 policy and paid premium for past 4 years continuously. If I surrender my policy how much I can get it ? Policy # 706385338 dt: Mar 2013. my mobile number: 9094042434 / 9364273992. Please help me.

    Reply

  166. my policy no.346677256 I want to surrender policy plz. give the value of my policy
    cont no.9229627607

    Reply

  167. Dear Sir,
    I have two money back policy no.
    290837813 & 974247672 all the premiums paid in time. Kindly tell me the surrender value.
    With regards,
    Vipin Asthana

    Reply

  168. Dear Sir
    I have two money back LIC policies no. 290837813 and 974247672. Kindly tell me the surrender value.
    With regards,
    Vipin Asthana

    Reply

  169. can I change my one time paid Jeevan Akshay VI (189) policy to Varishtha pension B.Y.? which I feel more beneficial.

    Reply

  170. My policy no: 36567383.plan :28.convertible whole life policy with profits.policy commenced on 4.4.73 and last payment made on 14.10.13.All premia paid regularly and no loans availed.
    What will be surrender value including accrued. bonus
    .. sum assured is 10000 and bonus accrued as on 31.3.17 is 31000 apply.

    Reply

  173. Policy No.736439332. I want final surrender value urgently. What is the procedure and to whom I should approach. What will be my eligibility amount?
    Mob : 9176003750

    Reply

  175. Dear Sir/Madam
    Kindly provide details how to surrender value of my policy

    942099321
    942683857
    990780068
    990780069
    990886847

    Reply

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