Sep 20 2009

How to find Surrender value of your LIC policy?

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Introduction

In this article I will be article about the surrender value of LIC policy. Bsically the surrender value is the case value of your policy which can be paid if you are planning to discontinue the policy before its completion. It has few calculations and restrition to apply for the surrender value. This article explains that in detail. If you have any doubts on the LIC surrender value please post it in the comments section. Please subscribe to our future articles here.

What is Surrender Value of LIC policy?

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 recommended since the surrender value would always be proportionately low.

If due to any reason when you wish to terminate your contract of insurance with L.I.C., you can surrender your policy to them and get its cash value known as Surrender Value.

How to know Surrender Value?

The best idea would be to visit the nearest branch in your location or contatc your LIC agent to know about the surrender value of the policy if you give the details about your policy.

Summary

Thank you for reading this article. I hope now you got some idea on what is surrender value for your policy. It will be helpful if you can know the surrender value of your policy. Please post your feedback in the comments section.

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18 Comments on this post

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  1. Govardhan said:

    In this article “Bsically the surrender value is the case value of your policy” should read;
    “Basically the surrender value is the cash value of your policy”

    September 21st, 2009 at 10:01 am
  2. BISHNU DAYAL PRASAD said:

    Please intimate surrender value of my following Market Plus Growth Fund Policy No. on the my e mail ID I.E. subinspbishnu@gmail,com at the earliest please.
    (1) Policy No. 543973643 of Rs. 50,000/-.
    (2) Policy No. 543973644 of Rs. 40,000/-.
    (3) Policy No. 543973645 of Rs. 50,000/-.

    December 28th, 2009 at 6:05 am
  3. M.Hazra said:

    Please let me intimate the surrender value of my Lic Policy no.464016908 dt.26.02.09 in the name of my wife heera khan

    December 31st, 2009 at 4:30 am
  4. sanajy said:

    dear sir,
    please intimate to surrender value of following policies….on my e-mail adress-

    policy no.383336180 / 100000.00

    January 11th, 2010 at 8:42 am
  5. krishnas said:

    Please contact your agent or the LIC office.

    January 12th, 2010 at 12:33 am
  6. shamsher kumar singh said:

    dear sir,
    please intimate to surrender value of following policies….on my e-mail adress-shamsherkumarsingh@yahoo.co.in,miku0326@gmail.com

    544271819 / Rs.10000/investment date 9-6-06

    January 12th, 2010 at 11:19 pm
  7. krishnas said:

    Hello shamsher kumar singh,

    Thank you for the comments. The surrender value of the policy can be known only by the agents or the LIC office.
    I would suggest you to visit your nearest LIC office or talk to your agent.

    Are you planning to surrender the policy? You can check your policy status online :
    http://www.thinkplaninvest.com/2009/09/how-to-pay-lic-premium-online/

    If you have any doubts, please reply to this comment.

    Thanks,
    Krishna

    January 12th, 2010 at 11:37 pm
  8. renu khudania said:

    sir,
    this is my mother’s policy having policy no.-464892829.i want to know its surrender value.policy opening year 2003.it is a money back policy.please mail me the surrender value amount at my e-mail account (gagarwal68@yahoo.co.in).

    January 23rd, 2010 at 12:45 am
  9. krishnas said:

    Hello Renu,

    Please register in the online here:
    http://www.thinkplaninvest.com/2009/09/how-to-pay-lic-premium-online/

    Once done, you can see the value. But, for the surrender value contact your agent.

    Thanks,
    Krishna

    January 23rd, 2010 at 3:40 am
  10. ashish gupta said:

    please intimate to surrender value of following policies on my email
    address ashishguptaspn@yahoo.in (policy no. 222876791 dated 6/3/07 premium paid 3 nos. and premium amount 25000 yearly & policy no 222875724 dated 27/2/07 premium paid 3 no and premium amount 20000 yearly)

    February 18th, 2010 at 12:16 am
  11. Surender said:

    Pl. inform the intrest rates for loan on LIC policy (for housing purpose). immedaite reply is very much appreaciated ..
    surender

    February 22nd, 2010 at 3:50 am
  12. N.Thiruvalluvan said:

    I am having one Market plus plan 180, the term of period is 5 years and the premium is Rs.10000/-. I have started on 19th Feb’07 and paid premium for three years. Now i want to surrender my market plus. Can i surrender it and how much will i get as NAV.

    February 23rd, 2010 at 12:07 am
  13. rahul said:

    Hi there,
    Below is the detail of my policy as I have subscribed online and view the status online.

    I have a money back policy for term of 15 years.(T No 74)
    commencement date : 28/4/1997(ie the first premium paid in on this date )
    sum assured is 1 lac
    bonus accrued :51200
    I have got a sum of 25000/- on 5th and 10th year

    What is maturity amount I will get and what is the date I will recieve ths maturity amount?
    When will I have to pay the last premium ?

    February 23rd, 2010 at 4:21 am
  14. bijaya said:

    can I know about my policy status ?

    February 27th, 2010 at 2:27 am
  15. Piyush said:

    Dear Sir,
    I want to know surrender value of policy no. 834976062.

    February 27th, 2010 at 3:41 am
  16. Ram Awatar Agarwal/ Uma Agarwal said:

    Dated: 4th March

    We have paid the last instalment of my policy. Please inform me what is the amount we received.

    Uma Agarwal 413885485

    Thanks.

    March 4th, 2010 at 12:45 am
  17. Subhash Verma said:

    Please send a complete procedure to know our surrender value of our policy.

    with regard
    Subhash verma

    March 8th, 2010 at 10:42 am
  18. dinesh said:

    please send me details regarding surrender of my lics market plus having policy no103524127.its has completing its 3years on24/03/2010.want wether it is the right time to withdraw on its maturity or later period

    March 11th, 2010 at 5:39 am

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