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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
Dear Sir,
I kindly request you send me my Surrender value for my knowledge.
My policy no is 924501792
Kindly provide details how to surrender my policy
I want to surrender the pension policy
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.
pls provide surrender value jeevan saral policy quaterly 1531 /- diposit emi 17 total deposit amount 26027.
Tks
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.
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.
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
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
the site is no help.
let me know the surrender value of my Asha Deep policy no. 411388928
Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….
भारतीय जीवन बीमा निगम.
Manoj Sharma
mnjshrm638@gmail.com
9911335083.
Hello, my policy number is 223230599. Plz tell me d surrender value.
Send me my policy surrender value 993705227
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.