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To calculate your insurance policy's surrender value, typically LIC policy surrender value, we have designed the calculator below. We are here to provide you with a unique LIC surrender value calculator online.
Surrender Value. Maturity, Survival Benefits, Disability And Death Claims. Policies Under Salary Savings Scheme. Helpline. Your Policy Bond And Its Safety. The policy bond is the document that is given to you after we accept your proposal for insurance.
Apr 15, 2023 · LIC Policy Surrender Value calculator online. The surrender value of a life insurance policy is the amount of money that the policyholder is entitled to receive if they decide to cancel or surrender their policy before it matures.
May 21, 2024 · You can calculate the surrender value of your LIC policy by using the formula given below: {Basic sum assured + (number of premiums paid/total number of premiums payable) + total bonus received} * X. Please note that X is the factor of surrender value. How to Check LIC Policy Surrender Status Online? Wondering how to check the surrender value ...
What is LIC Surrender Value? Surrender value is the money you get back if you end your LIC policy before it matures. It's a portion of the premiums you paid minus some charges, and you can check how much through the LIC surrender value calculator. This surrender benefit can be calculated through the LIC surrender value calculator.
Do you want to find the Surrender value of your LIC Policy? Use our LIC Policy Surrender Value Calculator which is as per 2024 IRDAI guidelines.
Apr 15, 2023 · The surrender value is the amount of money that the policyholder receives from LIC if they surrender the policy before its maturity date. The surrender value is calculated based on the premiums paid and the policy’s accumulated bonuses. It’s important to note that the surrender value is typically lower than the sum of premiums paid.
To use the calculator, all you need to do is select your policy type (Endowment, Whole Life, or Term), enter your policy term (in years), total premiums paid (in INR), and policy start date. The calculator will then use a simplified calculation to determine your surrender value.
Welcome to our LIC Surrender Value Calculator, your ultimate tool for calculating the surrender value of your LIC policies. Understanding the surrender value of your policy is crucial if you’re considering exiting your LIC plan before its maturity.
The surrender value of an LIC policy refers to the amount of money a policyholder will receive if they decide to terminate or surrender their policy before its maturity date. This value is calculated based on various factors such as the total premiums paid, the policy's duration, any bonuses accrued, and deductions for surrender charges (if ...
