Check LIC Policy Status for Surrender Value: You can compute the surrender value of your LIC policy by making use of the simple formula: Basic Sum Assured (Total number of payable premiums/Number of paid premiums) + Total bonus you receive x Surrender Value Factor. Minimum guaranteed surrender value is equal to 30%of all paid premium minus one premium . There is no surrender value till 3 premiums are paid . For example , if the premium is 10000 and 3 premiums are paid the minimum guaranteed SV will be 30%of I have taken the LIC Jeevan Anand plan and pay Rs 26,000 annually as premium. I have paid 2 premiums till date. The term is for 21 years. But now I have come to know that LIC Jeevan Anand plan gives only 5% annual return. I want to surrender the policy. If I surrender the policy now, I don't get anything in return.

Lic policies (endowment) attains surrender value only after payment of at least 3 annual premiums. It comes in 2 forms – Guaranteed surrender value and Special Surrender value. Surrender value factors are mentioned in policy feature details which help in getting tentative Idea, How to check the ‘Surrender Value’ and ‘Loan Eligibility’ of your LIC policy online? 1. Visit licindia and register as a new user. If you are already registered login here 2. Login to your account and click “Enrol Policies” in the left menu. 3. Click “Click to Enrol New policies” and click “Proceed”. 4. 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. If you close between 4 and 7 years, you will get 50% of premiums paid. If you surrender in the last two policy years, you can get up to 90% of premiums. b) Special surrender value: This surrender value depends on the sum assured, bonuses, policy term and premiums paid. Calculate the estimated surrender value of all the LIC policies. Calculate the paid up value of your LIC policy. Hope you now understood the concept of Paid Up Value, Total Paid Up Value and Surrender Value. How to Surrender LIC Policy? First keep in mind that as of now Surrendering LIC policy is not possible ONLINE. Also, you have to surrender the LIC policy at your servicing LIC branch ONLY. Servicing branch may be the branch where you purchased the policy.

1 Oct 2018 Does surrender value accrue if I stop paying the premium? No. You will get a portion of your money only if you have paid consecutive premiums 

1 Oct 2018 Does surrender value accrue if I stop paying the premium? No. You will get a portion of your money only if you have paid consecutive premiums  Get the quote or calculate surrender value of LIC policy yourself, use lic surrender You also must have some Endowment policies with you, which actually are  13 Nov 2019 You can easily check the status of their policy via SMS using mobile phone. Policy Status Through IVR; Zone Wise LIC Contacts; Policy Status Via SMS; Check Policy Surrender Value. Get High Return Investment Plans. 1. 2. 20 Feb 2020 Get to know all about Loan Against LIC Policy and check its eligibility criteria, personal loan as they do not have a guaranteed surrender value. You can make payment of the loan EMI online using credit card, debit card or  If you are wondering what the cash value of your life insurance policy is, or how much money you will get if you cash out your policy, you need to find out the  Anytime you want to know the details of your life insurance policy, just add your policy/mobile number, date of birth & check your policy details online. Click here   The way to complete the Online lic surrender form on the internet: To begin the form, utilize the Fill Instructions and help about Get and Sign how to fill lic surrender form How do I surrender a life insurance policy (LIC) if the original policy documents are lost? How is cash surrender value of life insurance calculated?

1 Oct 2018 Does surrender value accrue if I stop paying the premium? No. You will get a portion of your money only if you have paid consecutive premiums 

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. Surrender Value This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low. 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. LIC surrender value calculator is an online tool that helps you get the approximate details of your LIC policy surrender. By providing some basic information related to your policy, you can calculate your LIC surrender value instantly. How to use the surrender value calculator? Surrender value calculator can be accessed online on the website of

8 Dec 2003 If you have failed to pay the premium for your insurance policy and it A lapsed policy can be revived within 5 years from the date of the last Please note a surrender value on a policy is available only if the plan has been in 

Hope you now understood the concept of Paid Up Value, Total Paid Up Value and Surrender Value. How to Surrender LIC Policy? First keep in mind that as of now Surrendering LIC policy is not possible ONLINE. Also, you have to surrender the LIC policy at your servicing LIC branch ONLY. Servicing branch may be the branch where you purchased the policy. Guaranteed Surrender Value: Provided that eligibility to receive surrender value is met by a policy, LICI guarantees that the surrender value payable shall not fall below 30% of all the premiums paid under the policy, excluding the first year premiums. Requirements: 1. Requisition for a quotation of surrender value 2. 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. Surrender Value This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low. 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. LIC surrender value calculator is an online tool that helps you get the approximate details of your LIC policy surrender. By providing some basic information related to your policy, you can calculate your LIC surrender value instantly. How to use the surrender value calculator? Surrender value calculator can be accessed online on the website of

2 Feb 2013 I will also not deal with why these policies are considered as 'junk'. I have made a calculator (based on LIC surrender value factors) by with nine online calculators, you can also create custom solutions for your lifestyle!

2 Feb 2013 I will also not deal with why these policies are considered as 'junk'. I have made a calculator (based on LIC surrender value factors) by with nine online calculators, you can also create custom solutions for your lifestyle! 27 Apr 2018 Moneylife India | Financial Magazines Online in India Why do customers buy traditional life insurance products other than term plans? Even though the maturity amount was mentioned in the policy document, it was missing You will get justice when you demand death SA be paid even if you don't die.

Guaranteed Surrender Value: Provided that eligibility to receive surrender value is met by a policy, LICI guarantees that the surrender value payable shall not fall below 30% of all the premiums paid under the policy, excluding the first year premiums. Requirements: 1. Requisition for a quotation of surrender value 2. 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. Surrender Value This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low. 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. LIC surrender value calculator is an online tool that helps you get the approximate details of your LIC policy surrender. By providing some basic information related to your policy, you can calculate your LIC surrender value instantly. How to use the surrender value calculator? Surrender value calculator can be accessed online on the website of LIC calculator gives you a fair estimate of the surrender value, bonus, Loan, paid up and projected maturity value on the basis of the total premium paid. Please enter correct sum assured, premium, premium paying term, policy term, last premium paid date and your personal details. This data will be used to calculate and determine the approximate values.