Web14 apr. 2024 · A life insurance surrender value refers to the amount of money you could get if you decided to surrender your whole life insurance policy before it matured or before you passed away. Essentially, it was the cash value of your policy. The surrender value is calculated based on several factors, including the amount of money you’ve paid in ... WebThe surrender value Factor for total premiums paid for 6 policy years is 50% (as in Table 1). Therefore, the surrender value of premiums comes out to be (Rs.2,88,000 x 50%) which equals Rs.1,44,000. The bonus amount receivable for 6 years at the above mentioned rate is ( (50 x 10,00,000/1,000) x 6) which equals Rs.3,00,000.

Life Insurance Corporation of India - Policy Guidelines & Helpline

WebLIC Surrender value calculator can easily be used online on any insurance company firm. Individual just has to provide some basic information as to his name, phone number, type … Web22 sep. 2024 · All additional bonuses, tax benefits received, and premium paid for rider cover is not included while calculating the surrender value. To find the surrender value, one needs to calculate the guaranteed surrender value and the special surrender value. And once you do that, the higher among the two is considered the surrender value of … mccormack lawyer

LIC (Life Insurance Corporation)- How to Calculate LIC Surrender Value?

WebSurrender Value Calculator for LIC new Jeevan Anand (Table No: 815) provides Approx surrender value based on bonus accumulated and total premium paid. Please … WebTo use the LIC Jeevan Saral surrender value calculator you should be aware of the following - It can be surrendered only after paying premiums continuously for 3 years. You get … Web9 aug. 2024 · To calculate the surrender value of a life insurance policy, you will need to follow the terms and conditions of the policy document. Typically, the insurance company … mccormack micro phono drive