LIC Surrender Value Calculator

LIC Surrender Value Calculator will help you to know your Life Insurance Surrender value in just a few steps. Here is our Online LIC Surrender Value Calculator that will estimate the value of your LIC Policy quickly.

LIC Surrender Value Calculator

Sum Assured (₹):

Policy Term (Years):

Number of Premiums Paid:

Annual Premium (₹):

Calculate

Results:

Guaranteed Surrender Value (₹):

Special Surrender Value (₹):

What is LIC Surrender Value Calculator ?

Many people buy LIC policies but sometimes they need money before Maturity. Here LIC Surrender Value Calculator will estimate how much money one can get if they surrender the LIC Policy before Maturity.

How to Use LIC Surrender Value Calculator ?

We have made a very simple, easy and quick LIC Surrender Value Calculator that will need only a few inputs to Calculate the Value of Policy approximately. To know the LIC policy Surrender Value, you need only Sum Assured , Policy Term, Number of Premiums Paid and Annual Premium.

For Example :-

Let Say, Mr Jha bought a policy whose Sum Assured is ₹5,00,000 and Policy Term is 20 years. He has paid the Annual Premium of ₹25,000 and as of now no. of premium paid is 5.

Using this Calculator, input above data we will get ;-

Guaranteed Surrender Value (₹): 30000.00

Special Surrender Value (₹): 62500.00

Why Use Our Online LIC Surrender Value Calculator?

Instant Calculation – Get your surrender value in seconds by using of Surrender Value Calculator
Accurate Estimates – This tool is purely based on LIC’s standard formula.
Easy to Use – No technical knowledge required anone who have little detial of policy they can use our LIC Surrender Value Calculator.
Free & Online – Use anytime without registration and it need very few details.

LIC Jeevan Anand Surrender Value Calculator

We have also made LIC Jeevan Anand Surrender Value Calculator that only calculate the value of policy Guaranteed Surrender Value (GSV) and ₹45,000 Special Surrender Value (SSV) both.

LIC Jeevan Anand Surrender Value Calculator

Sum Assured (₹):

Policy Term (years):

Number of Premiums Paid:

Annual Premium (₹):

Calculate

For Example

Let’s assume Mr. Sharma has the following Jeevan Anand policy details:

• Sum Assured: ₹5,00,000
• Policy Term: 20 years
• Annual Premium: ₹30,000
• Number of Premiums Paid: 5 years

Using the LIC Jeevan Anand Surrender Value Calculator, the estimated payout will be:

• Guaranteed Surrender Value (GSV): ₹45,000
• Special Surrender Value (SSV): ₹75,000

LIC Surrender Value Calculator Excel Sheet Download

We have created LIC Surrender value Calculator excel, it will be helpful for those who want to do calculations on their own excel sheet. The excel sheet is fully working and it can calculate the Surrender Value of Policy.

Click here to Download LIC Surrender Value Calculator Excel Sheet

Things to Consider Before Surrendering an LIC Policy

• You lose the life cover, maturity benefits, and bonuses if you surrender the LIC Policy.
• The surrender value is much lower than the total premiums paid.
• Instead of surrendering, you can take a loan against your LIC policy for financial needs.
• Surrendering early may lead to loss of tax benefits claimed under Section 80C.
• Ask your financial advisor before Surrendering the LIC Policy.

Also Check Our Other LIC Calculator

Saral Pension Yojana LIC Calculator

LIC Smart Pension Plan Calculator

FAQs