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Calculate the surrender value of your LIC policy with our online calculator. just enter details below for premium paid years and monthly premium.
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.
Instant Calculation: The calculator provides quick and accurate estimates of the surrender value based on the input parameters, allowing policyholders to make informed decisions promptly. Detailed Breakdown: Offers a comprehensive breakdown of how the surrender value is calculated.
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.
This LIC surrender value calculator tool will help you calculate the estimated surrender value of your LIC policy. here you can calculate your guaranteed and special surrender value that every policyholder wants to calculate.
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.
LIC Surrender Value Calculator. Unlock a loan hidden in your insurance policy, estimate Surrender Value. Use your life insurance policy to help you manage cash flow stress or a down-payment. It is affordable with interest rate as low as Starting at 11% p.a. Policy Coverage (91 top policies) new. Endowment Plans. Pension Plans. Select Policy.
In this case your surrender value after 5 years in above example will be calculated by using our calculator licsurrendervaluecalculator.in.
Sep 14, 2023 · The surrender value of a life insurance policy from LIC is calculated by multiplying a single premium by 75% of the remaining term until maturity or the total term. For term assurance policies with an increasing maturity date, the LIC surrender value calculator is computed through the following methods:
You can estimate this amount using the LIC surrender value calculator, which helps you understand the surrender benefit based on your policy details. Let us understand the meaning of surrender value and how to calculate different surrender values. The value is payable only after three full years of premiums are paid to LIC.
