LIC Surrender Value Calculator

LIC Surrender Value Calculator

LIC Surrender Value Calculator

Estimate the surrender value of your LIC policy

₹
₹
i Enter any bonus amount declared by LIC for your policy

Estimated Surrender Value

₹0
Surrender Factor: 0%
Base Value: ₹0
Bonus Amount: ₹0

Note: This is an estimated value. For exact surrender value, please contact your LIC branch.

About This LIC Surrender Value Calculator Tool

This LIC Surrender Value Calculator is designed to help LIC policyholders in India estimate the surrender value of their life insurance policy. When a policyholder decides to discontinue their LIC policy before maturity, they are eligible for a surrender value depending on how long the policy has been active and the premiums paid.

The surrender value typically increases with the number of years completed. LIC also adds a bonus amount in certain plans which is considered in the final surrender value.

How to Use:

  1. Enter the total premium paid so far.
  2. Enter your policy term and the number of years completed.
  3. Enter your bonus amount if applicable (optional).
  4. Click "Calculate Surrender Value" to see the estimated value.
  5. Use the Reset button to start a new calculation.

This tool gives an estimate and is not affiliated with LIC. For exact figures, always check with your LIC branch. The calculator supports most LIC endowment plans, Jeevan Anand, Jeevan Labh, and other traditional policies.

The surrender factor used in calculations varies based on the policy duration and is typically higher for policies that have been active for longer periods. If you're considering surrendering your policy, it's recommended to evaluate all options as surrendering before maturity may result in lower returns compared to the maturity value.