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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.
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.
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 ...
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.
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.
How it Works. The LIC Surrender Value Calculator uses the current date and policy start date to calculate the number of years elapsed since the policy’s inception. It then multiplies this by a predetermined percentage based on your policy type, term, and premiums paid. The result is your surrender value.
