How to find Surrender value of your LIC policy?

If you are not interested in continue with your existing policy or for some reasons if you are unable to pay the premiums, policy holder can surrender the policy and receive the money accrued for that policy. A policy can be surrendered only after paying the three premiums. Basically 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. There are few calculations and restriction to apply for the surrender value. This article explores few important points related to the surrender value of the policy. If you have any questions 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.


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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  1. sujaya says


    As it’s urgent, Kindly send me the surrender value for my policy no.723497035 and i would like to know how much loan i can avail on this policy

  2. sabji mandi wala says

    R all u commenters nuts…? this site tell about procedure t do…yaha koi peon nahi baith ahain… people say that plz provide surrender value for my policy no ###….sala u ppl are a shame on our country. brainless morons

  3. Nutan V. Gad says

    Policy N0 Name of policy holder Policy name Premium Amount Date of Comencement Insured amount

    930857167 Vithal M. Gad money plus 10000 14.07.2007 100000

    930954794 Nutan Vithal Gad market plus – table no 181 10000 31.03.2008

    930981603 Nutan Vithal Gad market plus – table no 181 10000 20.11.2007

    931091189 Nutan Vithal Gad Jeevan Aastha 26220 21.01.2009

    • A. CHANDRASEKAR says

      Just go to the LIC Branch. You can easily find out the Branch address from the policy or form LIC’s helpline number, information of which is available from their website. You visit the branch and ask for Loan Eligibility Statement, which gives information about the Surrender Value and amount eligible for loan. The statement also gives information of further loan amount you are eligible after adjusting the current loan & interest, if you have already taken a loan. After taking this statement, you can apply for the loan of the amount mentioned in this statement in the prescribed form, which will be processed by LIC within a short time and cheque of the loan amount sent to your doorsteps. Don’t go to LIC Agents, they unnecessarily will charge some amount from you as commission for this simple process, which I myself have suffered a lot.

  4. lalita says

    hello sir,
    please sir tell me about my policy no 115142592, Rs. 6179/- feb 2008 to 2013, after 6yrs paid 37074/- premium amt., wht will the surrender value. i have already surrender this policy, i recved only 25305/-
    please tell me wht i do?


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