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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.
The LIC Surrender Value Calculator is an invaluable tool for anyone considering surrendering their LIC policy. It simplifies the complex process of calculating the surrender value, providing policyholders with a clear picture of their potential refund.
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 ...
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.
LIC surrender value is the sum payable to policyholders upon premature termination. It is calculated by deducting charges from the policy's cash value. Surrendering provides access to funds, but the value is typically lower than the premiums paid, especially in the early years. Read more.
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.
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.
