LIC Policy Surrender Value Details

LIC (Life Insurance Corporation of India) is the largest insurance company in India with various insurance plans to suit everybody’s need. Now if one does not want to continue paying the premiums for his insurance plan and opt out of the plan, he can surrender LIC policy and take a part of total amount money he has paid so far. However, different insurance plans offer different surrender values and the policy holder must have been paying the premium regularly for 3 years to be eligible for the surrender value.

LIC - Life Insurance Corporation

Here is a small chart of 3 most popular LIC plans and their surrender values :

1. LIC Jeevan Anand : LIC Jeevan Anand is an endowment assurance plan where the minimum surrender value is 30% of the total premiums, that the policy holder has paid till date, excluding the first year payment.


2. LIC Money Back Policy : With LIC money back policy, the guaranteed surrender value is 30% of the total basic premium that has been paid so far, excluding the first year payment and all survival benefits paid earlier.

3. LIC Komal Jeevan : LIC Komal Jeevan is a children insurance plan where the guaranteed surrender value is 90% of the total premiums paid till date excluding first year’s premium.

Once the risk period commences, the total surrender value will be 90% of the total premium he has paid so far, excluding the first year’s premium. If the policy holder opts out of the insurance plan after the end of the risk period, he will get 30% of the total premium that he has paid, after the date of commencement of the risk.

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by Bapun on 18. Dec, 2009 in India

54 Responses to “LIC Policy Surrender Value Details”

  1. jai 24. Dec, 2009 at 10:51 am #

    i want to know more about lic

    Reply
  2. rumit 10. Jan, 2010 at 1:38 pm #

    i have a lic jeevan anand policy but now i have to surrender this policy pls help me that i have paid 4 year premium 1 year premium is Rs10743. Suppose i want to surrender this policy how much money i will got back pls help me

    Reply
  3. Bapun 11. Jan, 2010 at 5:32 pm #

    @ Rumit : We share informative news only but do not provide any service to accomplish them. I would advise to contact any nearest LIC office or your LIC agent to find more details on the policy surrender.

    Reply
  4. PRAMOD KUMAR MEHTA 26. Jan, 2010 at 8:02 pm #

    My experience is not to good with LIC Agents, however, please Intimate me by mail what is the current status of my following old policy nos : 340528021,340527741, 341225157, 3412212370, 341224494 and 4172344 Thanks

    Reply
  5. Shashikant Galande 06. Mar, 2010 at 12:24 pm #

    I want to surrender my lic’s Money plus policy. i have already paid three premiums of 10000/- and will complete three years on 30-mar-2010. what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  6. Daresh sah 08. Mar, 2010 at 4:40 pm #

    March 8, 2010
    I want to surrender my lic’s Market plus policy. My policy no. is 253809653 i have already paid one premiums of 20000/- and will complete three years on 29-june-2009. what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  7. VIMAL KUMAR TIWARI 09. Mar, 2010 at 10:54 am #

    Sir
    I had surendered my policy no -310178443.i had got cheque of less ammount ,after deducting ammount against gap oremium.pl. send me details of gap premium or premium not paid so i may request for correction.

    vimal tiwari

    Reply
  8. SAB 10. Mar, 2010 at 5:04 pm #

    I want to surrender my lic’s Money plus policy. i have already paid three premiums of 10000/- and will complete three years on 19-07-2010. what will be the surrender value & how much amount i will get pls mail me the details
    and surrender form for withdrawal of amount.

    Reply
  9. Anees 10. Mar, 2010 at 5:13 pm #

    lic’s Endowment Policy. My policy no. is 714274538 i have already paid all my premiums for 5 yrs and my policy will mature on Aug 2010 & my Sum Assured is 8 lacs for 5 yrs term. what will be the maturity & how much amount i will get pls mail me the details of the procedures involved in order to receive my claim amount after maturity term.

    Reply
  10. Devi 10. Mar, 2010 at 5:26 pm #

    I want to surrender my lic’s Money plus policy. My policy no. is 714859480 i have already paid 3 yrs premiums of 30,000/-(10,000/- annually). what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  11. Rhea 19. Mar, 2010 at 3:36 pm #

    I am Rhea S. I have visited your website and I would like to congratulate you on building such a valuable online resource. I am sure your visitors find your site as useful as I did.

    Have a great day.

    Thanks and regards,

    Rhea S.

    Reply
  12. T.V.Prasada rao 19. Mar, 2010 at 7:42 pm #

    March 8, 2010
    I want to surrender my lic’s Market plus policy. My policy no. is 675238685 i have already paid three premiums of 40000/- and completed three years Feb-2009. what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  13. Sajid mulla 25. Mar, 2010 at 11:36 pm #

    Tell me surrender value for policy no.923354133

    Reply
  14. SUPRIYA 26. Mar, 2010 at 2:57 pm #

    i wants surrender my lic’s money plus policy no 947233907.
    i have already paid 3 premiums of rs 10000/- from year 2007/2008/2009.so what will be the surender value & how much amount i will get please mail me the details

    Reply
  15. Ravindra Nath 27. Mar, 2010 at 4:30 pm #

    27/03/2010

    I want to surrender value my lic’s money plus policy no.293893475

    How much amount will get please mail methe details
    Thanks
    Ravindra Nath

    Reply
  16. hemlatha 31. Mar, 2010 at 9:51 pm #

    i want to the surrender values of my policy holders

    Reply
  17. B.S .Bhangare 06. Apr, 2010 at 11:28 pm #

    want to know surrender values of my policy no .907255602

    Reply
  18. Mithesh Kumar Singh 09. Apr, 2010 at 7:24 pm #

    I have a two policy for my kids komal jeevan and jeevan chaya 1 lakh each. I have paid four premium so far. Sum amounts 56000 how much money i will get if surrendered.

    Reply
  19. RAMAKRISHNA 10. Apr, 2010 at 10:55 am #

    Please send me surrender value of my policy no:687835294(money plus)

    Reply
  20. MANISH BHALAKIYA 12. Apr, 2010 at 3:32 pm #

    i wants surrender my lic’s money plus policy no 893437401.
    i have already paid 3 premiums of rs 15000/- from year 2007/2008/2009.so what will be the surender value & how much amount i will get please mail me the details

    Reply
  21. Mrs. Rehana Rashid 14. Apr, 2010 at 2:10 pm #

    I Mrs, Rehana Rashid purchased money back policyNO:121156345,(Table)14-15,
    Mode of Payment: QTLY.
    Amount of Premiem RS=1,780-00
    Date of Comencement:15-02-2000.
    Deposited regularly for 3 years.
    Know I want to withdraw my money kindly tell me how muh amount with intrest can be drawn as early as posiible because I had to perform my daughters Marriage.kindly guide and sen me whole details.
    thanks
    Mrs. Rehana Rashid.
    House NO:-8, Block-P, Road NO:-8, Near Noor Jahan Masjid Batla House Okhla Jamia Nagar new Delhi.110025

    Reply
  22. Pramod Kumar Mishra 17. Apr, 2010 at 3:46 pm #

    I surrender my lic’s Money plus two policy.no.114437219,114436953 but not receive cheque p/l detail to sen my mail

    Reply
  23. Devendra Dewangan 19. Apr, 2010 at 10:50 am #

    Money plus po.no385282675

    issued check date ?

    Reply
  24. varghese 20. Apr, 2010 at 11:05 am #

    LIC is a cheating business. They collect money from the public. They delay claim payment. If the policy is surrendered they don’t even pay the full premium paid by the subscriber. Insurance is not at all good for the ordinary man.

    Reply
  25. RAVI KUMAR 21. Apr, 2010 at 10:29 am #

    I want to surrender my lic’s jeevan anand policy. My policy no. is 123788762i have already paid 4 yrs premiums of 35552/-(8888/- annually). what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  26. Basudev Semwal 24. Apr, 2010 at 4:38 pm #

    I have following jeevan plus policies with more than 3 yr premium paying term

    114791335 -10,000
    114791334 -10,000
    115221847 -10,000-single prem.
    115223629 -20,000-Single

    Please let me know the surrender value of all policies.

    Reply
  27. rakesh kumar yadav 26. Apr, 2010 at 8:58 am #

    please let me know the surrender vlaue of my policy No 331644546 as on 26th April 10

    Thanks

    Reply
  28. mehmood 29. Apr, 2010 at 9:00 pm #

    I want to know my surrender value of my policy no 342995920

    Reply
  29. amarnath 01. May, 2010 at 11:24 am #

    I want to know my surrender value of my policy no 614859119

    Reply
  30. amarnath 01. May, 2010 at 11:25 am #

    can i surrender my policy online and how

    Reply
    • Bapun 01. May, 2010 at 8:50 pm #

      Sorry, that feature is yet to be launched.

      Reply
  31. Policy NO 621553648 03. May, 2010 at 11:08 am #

    I have not paid premium for Policy No 621553648 since March 2007. Pl send me the procedure to be followed for getting survival benefit. I have already furnished details called for by LIC through letter.

    Reply
  32. P.KISHORE 04. May, 2010 at 5:08 pm #

    I want to surrender my lic’s Money plus policy. My policy no. is 645516437 i have already paid 4 yrs premiums of 20,000/-(5,000/- annually). what will be the surrender value & how much amount i will get pls mail me the details

    Thanking You Sir

    (P.Kishore)
    Dy.Manager
    SBH, RASMECCC,Warangal

    Reply
  33. Satya brata karmakar 06. May, 2010 at 5:39 pm #

    I have a lici policy on Nov”2003 of Rs.500000/=. I am giving premium 47000/= per year.I have to pay 10 year but policy will be matured after 11years. what will be the matured value

    Reply
    • Bapun 06. May, 2010 at 10:15 pm #

      The mature value will differ from policy to policy. Contact your agent or any nearest LIC office.

      Reply
  34. vishnu 08. May, 2010 at 10:48 am #

    i want to surrender my money plus policy.. i have been paid three premiums….. what would be the maturity value………

    Reply
  35. Steve 10. May, 2010 at 2:51 pm #

    Dear Sirs,
    I would like to go for Jeevan Anand Policy for 30years – for my son 22years, coverage 5.50Lakhs, what will be the premium quarterly and important – kindly let me know what will be the maturity amount

    Tks Rgds.
    Steve

    Reply
  36. Nirmal 17. May, 2010 at 9:05 am #

    Sir,
    I have a LIC policy at the age of 35 years for 21 years term having yearly premium of Rs 11107/-. How much Guaranteed SV I will get and what is the calculation method for this?

    Reply
  37. k.mondal 21. May, 2010 at 9:36 am #

    I pay 3 years @5059 premium yearly .I want to know my surrender value

    Reply
  38. venugopal sharma 27. May, 2010 at 12:09 pm #

    please send remaining amount of surrender value of policy number-192079756.
    statement for premium deduction has all ready been sent on11-2-10.
    thank
    sincerly yours
    venugopal sharma
    librarian govt.public district library,karauli

    Reply
  39. SANTOSH NANDKUMAR MANDGE 27. May, 2010 at 5:09 pm #

    i want to know my jeevan anand policy status of policy no.984094433

    Reply
  40. madhavi datta 29. May, 2010 at 12:56 pm #

    surrender value of policy no.923718099

    Reply
  41. J.SURESH KUMAR 03. Jun, 2010 at 12:20 pm #

    i wants surrender my lic’s money plus policy i have already paid 3 premiums of rs 5000/- from year 2007/2008/2009 & 10 .so what will be the surender value & how much amount i will get please mail me the details

    Reply
  42. JANARDAN CHAVAN 06. Jun, 2010 at 9:33 pm #

    SIR,PLS GIVE ME THE DETAILS OF THE SURRENDER VALUE OF THE FOLL AT THE EARLIEST.
    1)909896160(181-06)

    2)909898458(181-06)

    3)909897130(181-06)

    4)909900188(181-06)

    Reply
  43. yogesh 15. Jun, 2010 at 4:59 pm #

    Please give my Policy no.585765133
    Name Biswanath Mohahapatra what Is a Stutas for policy

    Reply
  44. MARTIN 21. Jun, 2010 at 3:10 pm #

    What will be surrender value of the policy 322268703.I just completed 4 years of the value of yearly value is 21,000.. however , i got only 33,000 how come ya …its a great loss for me .. plz how to get on this further ..

    Reply
  45. shyamala 24. Jun, 2010 at 1:25 pm #

    I need surrender value for my market plus policy. i have finished paying for three years the policy no’s are
    765685526
    765685527

    Reply
    • satya 24. Jun, 2010 at 4:51 pm #

      it is better you to surrender the policies as early as possible, market situation was not good, if you did at an earliest you will be survived with little loss other wise loss will be more

      Reply
  46. venugopal sharma 26. Jun, 2010 at 1:49 pm #

    one month ago i loged a complaint regarding non payment of remaining amount of matured policy no.192079756,but no action has been taken so far.please do the needful.
    sincerly yours
    venugopal sharma

    Reply
  47. MD ALI 30. Jun, 2010 at 9:19 am #

    I WANT TO KNOW MY SURRENDER VALUE OF MY POLICY NUMBER418440041 ,418440042 ,418440043

    Reply
  48. Deepak Kumar 30. Jun, 2010 at 2:22 pm #

    I want to surrender my lic’s Money plus policy. i have paid only one premium of 10000/- . what will be the surrender value & how much amount i will get pls mail me the details

    Reply
  49. hitesh 01. Jul, 2010 at 5:13 pm #

    i want to surrender my lic jeevan anand policy.my policy state to 04/04/2003 and 22years policy piriuds my 6month primium 5855 and yearly primium rs.11710=00.my seven years primiums rs.82000=00 paid and sum rupees bonus.what will be the surrender value & how much amount i will get please mail me the all dtail to my mail id.www.hiteshp131@gmail.com other tome messege my mono.9898384246 please.

    Reply
  50. althaf 05. Jul, 2010 at 9:31 pm #

    I want to surrender my lic’s Money plus policy. My policy no. is 795012653….how much i get nw….

    its complete 3 years

    Reply
  51. pusphavalli 09. Jul, 2010 at 7:07 pm #

    iI want to surrender my lic’s future plus policy. i have paid only one premium of 10000/- . what will be the surrender value & how much amount i will get pls mail me the details

    policy no.764665659

    Reply

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