Use the LIC Surrender Value Calculator to quickly and accurately determine the payout of your LIC policy. With this user-friendly tool, you can make informed financial decisions effortlessly. Take advantage of the convenience and reliability of this calculator today.
LIC Surrender Value Calculator
Surrender Value: ₹0
How to Use:
- Select your policy type
- Enter policy details
- Click calculate
Table of Contents
What is LIC surrender value
The surrender value is the amount an LIC policyholder receives if they decide to discontinue their policy before maturity. This value depends on various factors such as the total premium paid, the policy term, and the surrender charges.
Why use this LIC surrender value calculator
- Instant Calculation: No need for manual calculations; get accurate estimates in seconds.
- User-Friendly Interface: Simple and easy to use for everyone.
- Financial Clarity: Helps you understand whether surrendering your policy is the right decision.
- No Hidden Costs: 100% free tool with no registration required.
How to Use the LIC Surrender Value Calculator
Things to Consider Before Surrendering Your LIC Policy
- Loss of Benefits: Surrendering your policy means losing future maturity benefits and life cover.
- Surrender Charges: LIC deducts a certain percentage, which reduces your payout.
- Loan Options: Instead of surrendering, consider taking a loan against your policy for financial needs.