How can I know my LIC policy surrender value?

InsuNews May 23, 2022

How can I know my LIC policy surrender value?

How Is LIC Surrender Value Calculated? The surrender value of the policy, only after 3 successful years of premium payments, can be calculated as: {Basic sum assured X (number of premium paid/ total number of premium payable) plus total bonus received}, X, the factor of surrender value.

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