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LIC policy's surrender value depends upon what kind of LIC policy you hold and for how many years you have paid the premium. You can calculate surrender value for various plans of lic like LIC's Bima Jyoti, LIC's Bima Ratna, LIC's Dhan Sanchay, LIC's Jeevan Azad, LIC's Dhan Vriddhi,LIC's Single Premium Endowment Plan.
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.
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 · 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 is the amount you receive if you choose to terminate your traditional life insurance policy (such as Endowment, Money Back) before its maturity. How to use the calculator? Still Confused? Talk to a Financial Advisor. Get in touch now. Policy details. Cover details. Result. Policy Details.
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.
May 21, 2024 · Here is how to surrender your LIC policy online before maturity: Navigate to the LIC’s official portal and sign in using your credentials. Then, simply download the Surrender Discharge Voucher (LIC Form No. 5074). Fill it up carefully and submit the same along with the necessary documents to LIC.
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.
Oct 10, 2019 · As the name implies, surrender value is the amount that is paid by the insurance company on terminating or surrendering the policy. ‘Surrender value’ exists for only those LIC policies that have savings component attached to it.
Sep 15, 2023 · The LIC surrender value calculator is an online tool that helps to calculate the surrender value of LIC policies in India. It estimates the surrender value by entering basic policy details like the policyholder’s name, registered mobile number, plan name, policy term, number of paid premiums, premium amount, mode of payment, and total policy years.
