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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52 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
  19. N Suresh said:

    Dear Sir

    Please give the surrender value of my LIC Policy No 645291030 DOC-20.02.2008 SA -150000 PREMIUM PER ANNUM IS RS 8555

    Regards
    N Suresh

    March 12th, 2010 at 11:49 pm
  20. Mehul said:

    I would like to know my surrender value of poicy no 901064904,901740692,922910762.kindly guide as i need to take print out for the same.

    March 18th, 2010 at 11:00 pm
  21. profulla sarmah said:

    Dear sir, I am customer of LIC Jorhat Branch No-1. i faching some problem from that brance.I surrendered my policy no-441335587 last 15days ago.The distance between from my home to that brance about 60km.

    March 21st, 2010 at 6:54 am
  22. Bidhan Datta said:

    Sir/ Madam

    1). Kindly inform the last date (closing date) of the wealth plus policy. Is it extended ?

    2). how to calculate the unit holding on money plus policy? and how to calculate the surrender value by writing the policy number?

    Thanks,

    Prof. B Datta

    March 23rd, 2010 at 11:02 pm
  23. sankar dev sarma said:

    surrender value of my marketplus policy no 483903101

    March 24th, 2010 at 4:16 am
  24. T.Vasudevan said:

    sir iam having a endoment policy .No-716286391 i want to know the surrender value of my policy so i can surrender it for my other investment in lic.

    March 24th, 2010 at 4:39 am
  25. jaimal singh said:

    Please intimate surrender value of my following Money back policy No.162925614 on the my e mail ID I.E. mchand999@gmail,com at the earliest please.

    March 26th, 2010 at 11:16 pm
  26. priyabrata chakravarti said:

    i want to know my surrender value of my lic policy no- 417480091,
    417487206,416665196..
    thank you..

    March 28th, 2010 at 9:39 am
  27. Ram karan lodhi said:

    dear sir,
    i want to know surrender value of lic policy no- 484306614.
    plz send the details in my e-mail id (lodhiramkaran@yahoo.in.)

    April 8th, 2010 at 8:06 pm
  28. Shantakumar said:

    I would like to know the surrender value of the jeevan annada policy.
    How much % they deduct from our money. If I am paid the premium for the there years. Only. If I am surrendering the policy immediately after.3 year premium paid.

    April 15th, 2010 at 9:33 am
  29. Pore D.G. said:

    Dear Sir,

    I would like to know surrender values of my polices

    1) 954302396
    2) 9540499684

    Regards,

    April 19th, 2010 at 4:00 am
  30. Harish chander said:

    please tell me How i can see my balance of Lic amount and howmuch i have to deposi

    April 20th, 2010 at 12:20 am
  31. smt. kaushalya devi goyal said:

    I have policy no.381220439 my last premium is due on 28.07.2010. Let me know the maturity value if I surrender the policy now or is it possible now that I can pay the due premium of jul-10

    April 28th, 2010 at 5:17 am
  32. M.PRASAD said:

    sir, this is our policy no. 694174267 please quote our surrender value from today and what is the best value of further. plz reply my mail id.

    Thanks

    M.prasad

    May 20th, 2010 at 4:42 am
  33. Sri said:

    I want to surrender my policy as I am in need of money. I am herewith furnishing my policy details.

    Policy no: 693961784
    Date of Commencement: 15-03-2007
    Plan: LIC’s Money Plus (T.No.180)
    Premium 50,000/- yearly
    21-03-2009 – last transaction
    Fund type – growth
    No of Units – 14373.751

    I have paid three annual premiums in the years 2007, 2008 and 2009. I paid a total of 1,50,000/-. How much money will I get if I surrender this policy?

    Thanks

    May 31st, 2010 at 4:38 am
  34. yogendra kumar said:

    my policy no. is 26792078 i want to know the surrender value of this policy

    June 9th, 2010 at 12:36 am
  35. yogendra kumar said:

    my policy no. is 26792078 i want to know the surrender value of this policy. please reply on my id

    thanks

    June 9th, 2010 at 12:37 am
  36. satyanarayan said:

    dear sir ,i want to surrender my lic jeevan saral policy table 165,,policy no.345956679,i hv paid 3 premium. wt ll be it s surrender value.mail me please.

    June 10th, 2010 at 11:35 pm
  37. Praveen Kumar Joshi said:

    Dear Sir,

    Please let me know the surrender value of my Endowment Ensurance policy. Limited payment. Commencement date- 28-03-2004
    Policy no 922991852 , Sum Assured 8,00,000. Policy Term -25, yrs. Payment term- 15, yrs.
    No Bonus accured to the policy. I have paid the premium of 10,870 qaurterly, without any break.

    Ple let me know what will b the surrender value.

    My email id is praveeens@hotmail.com

    Thanks a lot

    Praveen kumar joshi

    June 12th, 2010 at 3:48 am
  38. shyamala said:

    i want to know the surrender value of my policy The policy no is
    765685526
    765685527

    June 24th, 2010 at 1:39 am
  39. kale pradeep vijay said:

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

    policy no.943624273 / 100000.00

    July 3rd, 2010 at 11:58 pm
  40. naresh said:

    Dear sir,
    Please let me know the surrender value of this policy

    policy details.

    Policy no: 843301981
    Date of Commencement: 30/06/2006
    Plan: LIC’s Future Plus (T.No.172)
    Premium(Rs): 1,00,000.00 payable single premium
    Accrued Bonus(Rs): 1.00
    Fund type: GROWTH
    No. of Units: 7597.363

    How much money will I get if I surrender this policy?

    Thanks

    July 7th, 2010 at 8:21 am
  41. kale pradeep vijay said:

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

    policy no.943624273 / 10000.00

    July 8th, 2010 at 7:49 am
  42. suresh kumar mishra said:

    i want to know my policy status of this policy number 924039940

    July 14th, 2010 at 7:23 am
  43. Praveen said:

    Dose anybody is looking into this wedsite or not. I can see only queries but there is no reply at all. The mioderator should look into it and respond or just shut this site up.

    July 14th, 2010 at 11:01 pm
  44. Vineet Sagar said:

    also remove my comment after reply

    July 15th, 2010 at 2:23 am
  45. harpreet singh said:

    this is very good option to get the information for all types of quries abput lic policy,

    July 20th, 2010 at 11:23 am
  46. T.F.ALEXANDER said:

    I want to know surrender value of lic policy no-714869775 please send the details in my email id [tfalex72@gmail.com]

    July 30th, 2010 at 5:11 am
  47. SUMAN JAIN said:

    dear sir pls send policy 901996121,901995697,905350629 my,brother&herwife pls send surrender value of our policy

    August 3rd, 2010 at 11:05 am
  48. syed yusuf said:

    Surrender value of my policy no 614382219

    August 9th, 2010 at 3:31 am
  49. Ashish said:

    Dear sir,
    please intimate to surrender value of following policies….on my e-mail adress-
    policy no.264047421/ 10000.00

    August 16th, 2010 at 9:31 pm
  50. KAMAL BAJAJ said:

    Please inform me surrender value of following policy’s :
    264636170 Jitender Singh

    241041201 Govind Singh

    August 18th, 2010 at 12:07 am
  51. Atul Dwivedi said:

    My policy no is 554383284 of plan 48.
    kindly provide me surrender value of my plocy.

    Atul dwivedi

    August 24th, 2010 at 12:46 am
  52. santosh g patkar said:

    dear sir,

    need help to find out my surrender value of lic policy

    August 28th, 2010 at 4:28 am

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