LIC Policy Surrender Value Details

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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.

Soumya is the admin and founder of Techcular. He loves to discover and learn new things on Internet. You can find him writing on his personal blog few times.

201 Comments to LIC Policy Surrender Value Details

  1. 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

  2. @ 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.

  3. PRAMOD KUMAR MEHTA

    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

  4. Shashikant Galande

    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

    • Manoj Mrityunjay

      I want to surrender my lic’s Fortune,Profit Plus policy. My policy no. is 536223076 i have already paid three premiums of 60000/- and completed three years Mar-2010. what will be the surrender value & how much amount i will get pls mail me the details

  5. 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

  6. VIMAL KUMAR TIWARI

    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

  7. 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.

  8. 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.

  9. 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

    • I want to surrender my lic’s jeevan madur policy. My policy no.765005636. I have already 5.5 year premium 5500 /-(sum assur.18000 .What will she the surrender value & how much amount.I will get please mail me too details

  10. 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.

  11. T.V.Prasada rao

    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

  12. 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

  13. Ravindra Nath

    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

  14. Mithesh Kumar Singh

    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.

    • Mitesh,
      to calculate surrender value, for both your policies, pls. give me the following info:

      1. Term
      2. Mode
      3. date of commencement.

      bye,

  15. MANISH BHALAKIYA

    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

    • tukaram barku rongate

      please send me surrender value of my policy no. 955141585
      i have already paid premiums from year 2005 to stil so please what will be the
      surrender value and how much amount i will get. please mail me the details

  16. Mrs. Rehana Rashid

    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

    • jaipal singh

      Hi,

      here is jaipal LIC CLIA jammu branch.
      First of all ur policy if run for 3 years full it will give the yield with surrender charges to be deducted. and the amount of money can be checked.You just go to your branch and ask for surrender value of your policy it will give full imformation.

      Regards,
      Jaipal singh

  17. Pramod Kumar Mishra

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

    • jaipal singh

      Hi,

      As far as Money plus is concerned it is low yielding policy.
      As the market value is now days just view the market and if u watches that it is going to fall.
      Withdraw the money.At present your value will be almost same the money u ‘d invested.
      If any suggestion required call or mail me at my mail adress.

      Regards,
      Jaipal singh
      CLIA Jammu(Panjtirthi Branch-100)

  18. 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.

  19. RAVI KUMAR

    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

  20. Basudev Semwal

    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.

  21. rakesh kumar yadav

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

    Thanks

  22. Policy NO 621553648

    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.

  23. P.KISHORE

    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

  24. Satya brata karmakar

    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

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

  26. 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

    • jaipal singh

      Hi Sir,

      Any query related to the policy call or mail at my personal mail id.
      I’ll give u full service and solution for the type of policy u want.
      As far as jeevan Anand is concerned it is very good policy and gives the risk cover after maturity is paid.

      • I have paid my two premiums of rupees 6450 ever 3 months(quarterly)i.e 6450 x 2=Rs.12900. I am unable to continue with this policy so wouldnt be paying any preimum hence worth.

        1.The policy plan gets over in year 2031 .

        2.my question is : will i get the money back ,i know not now but will i get it anytime after 2031 or after 10 years ?

        Thanks in advance

  27. 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?

  28. venugopal sharma

    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

  29. J.SURESH KUMAR

    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

  30. JANARDAN CHAVAN

    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)

  31. 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 ..

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

    • 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

  33. venugopal sharma

    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

  34. Deepak Kumar

    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

  35. 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.

    • jaipal singh

      Hi,

      Please go to lic concerned branch and have alook for the surrender value.
      As far as jeevan anand is concerned it is one of the best product of LIC having risk cover after maturity also.

      Regards,
      Jaipal singh

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

    its complete 3 years

  37. pusphavalli

    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

  38. suresh kumar

    i want to surrender my lic’s maket plus policy. i have paid 3 years premium of 30000/- paid. now surrender value how much amount ? i will get pls mail me the details
    policy no.718411905

  39. iI want to surrender my lic’s MONEY plus policy. i have paid only one premium of 5000 what will be the surrender value & how much amount i will get pls mail me the details

    policy no.734353382

  40. ag brahmbhatt

    My policy NO. is 877163274 under money plus plan purchased on 6.8.2007. I wish to have its surrender value. Kindly let me know.

  41. bhanu wagle

    i would like to know in rather details about surrender value details of endow, moneyback, child , whole life and group term policy. could u provide illustration about it.

  42. Sanjay Kumar Chirania

    I have a lic Money Plus policy fund opted GROWTH. But now i have to surrender this policy pls help me that i have paid 3 year premium 1 year premium is Rs 5000. I want to surrender this policy, plz atteched surrender form of Delhi, & what documents enclosed this surrender form. PLz help me.

    Thanking you.

    Sanjay

  43. i want surrender my lic’s market plus policy.My policy no:754427193.i have paid single premium of 1,50,00 on 05.03.2007,can u tell me ,how much i’ll get back

  44. ASHOK NARAYAN GAIKWAD

    i want to surrender my lic’s Money plus policy. My policy no. is 962352751 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

  45. Nitesh t.raput

    I want to know my policies surrender value for IT purpose. Please send details of all my policy on my email.
    p.no. 861907095, 861900288, 862187460, 862174406,862162756, 862172145,863480208 &

    861867405 to861867418

    Nitesh Rajput

  46. i want to surrender my lic market plus policy. i already paid 3 premiumof 50000 per year.
    and it will complete the year on 2011. how much amount i will get pls mail me the detail.

  47. 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 Rs7581. Suppose i want to surrender this policy how much money i will got back pls help me

  48. AMBARAM LOHIA

    I want to surrender my lic’s Pension plan policy. i have paid three year premium of 10056/- . what will be the surrender value & how much amount i will get pls mail me the details

    policy no.183315356

  49. sathyanarayana

    six month ago i loged a complaint regarding non payment of remaining amount of matured policy no.1640617670,but no action has been taken so far.please do the needful.
    sincerly yours send detail to my email or mobile 9849341225

  50. kakaiya Jatinkumar chandra

    i want to surender I had paid 3 yearly premim please give last figure of each policy no of policy are 814312799 & 814312800

  51. i want to surrender my lic money back lic policy. i have paid premium for ten years @ rs.2555/ each. commencement date of my policy is 28.07.2000.also a loan of rs. 8250 was availed by me. what will be the surrender value now?

  52. Dear Sir,

    I have invested Rs.10,000/- every year for 5 years under LIC PRofit Plus – Growth Fund. I want to surrender the policy. Please advise the amount I will get.

    Regards

  53. I want to surrender my lic’s endowment assurance policy. My policy no. is 904438144 i have already paid 5 yrs premiums what will be the surrender value & how much amount i will get pls mail me the details

  54. Dnyaneshwar

    Dear Sir,

    I am having money plus policy in which i have paid only 1 premium of Rs.10000/- in 2007. and now I want to surrender. what will be the procedure & how much i will get back after deducting???

  55. Ravindra kumar singh

    I WANT SURENDER MY LIC POLICY NO -230935623 ,230935621 ,230939724
    231265114 ,233180565 SO WHAT WILL BE THA SURENDER VALUE & HOW MUTCH AMOUNT I WILL GET PLEASE MAIL ME THE DETAILS
    MOB – 9415479302

  56. Sanjay lal gupta

    Dear Sir,

    I WANT TO SURRENDER MY POLICY NUMBER 544600370,OF MARKET PLUS.
    WHAT IS THE CURRENT STATUS iF I SURRENDER

  57. manohar naik

    i want detials for our policy , num is-637218489, please reply as soon as possible…… thanking you mnm

  58. praveen kumar

    I want to surrender my lic’s Jeevan Surabhi policy. My policy no. is 394137867, terms of policy 20 years, i have been paying premiums for Rs.37,500/- for Quarterly and completed three years. Now i wish to surrender my policy and i would like to know about the surrender value and how much the amount i can get at the time of surrender, please mail me the details.

    praveen kumar
    policy no. 394137867
    vivekananda mandiram,
    thadiyoor.p.o
    thiruvalla,
    pin-689545

  59. Respected Sir/Madam
    i have a lic New BIma Gold policy but now i have to surrender this policy bcz since 1.5 year back some reasons i have not paid my quaterly instalment Rs. 532 so i want to surrender my policy. is it posible .pls. guide me

    commencement of policy dec 2006
    lic paid year 2007,2008 & 2009

    Thanks/Regards

  60. According to me lic is crap which is time wasting.They are simply looting the people.when i joined the agent said you can take your full money back whenever i surrener my policy.when i want to do it they said i get only 60%.apart from it is very hard to claim during persons death or maturity.bcos they ask no of documents to submit to proof. Rather going lic it is best way to fixed deposit in bank.

  61. NIRANJAN DEV DRALL

    I want to encash my lic policy No 115041055, please inform me tha value of the policy

  62. Shyam sundar

    i have jeevan anand policy took on 2004. yearly premium is Rs.33134/- may i know the surrender value of the policy as on date (10/03/2011)

  63. create mail id on licindia.com use your policy no it will provide you surrender value tools to calculate your premium paid value for the current poilcy it will help you many more toos

  64. Rakesh km. Mittal

    i wants surrender my lic’s jeevan shree policy no 560316933 & 560316906.
    i have already paid all premiums of rs 29986/- from year 2002.so what will be the surender value & how much amount i will get please mail me the details

  65. pujong ngemu

    i want to surrender my lic money plus policy. have already paid 3 instalments of 10000.00 each. completed 3 years. what is the value now and amount i will get.

  66. Narender Singh Rawat

    I want to surrender my lic’s Money plus policy. i have already paid FOUR premiums of 10000/- what will be the surrender value & how much amount i will get pls mail me the details police number 123582157

  67. KANTILAL JAIN

    hi please give me the surrender value for the following policy my policy no is 982902207

  68. sushanta sahu

    i want to know surrender value of my policy no-593278923 & how much money get please mail me.
    THANK YOU.

  69. nothing is available in online to check policy status design web page which is feasable to use all users , am leaving my policy no. 645794944 kindly forward all details like status and premium ,future benefits

  70. sanidha vedpathak

    please send me the policy details of surrender value of my policy 880945979 and 985265275

    regards

  71. C N DWARAKANATHAN

    I request you to send me the Latest Value of Profit Plus Policies and surrendevalue of Jeevan Anand/JeevanPolicices Please
    715015968- ProfitPus
    714807320 – do
    714807535 – Jeevan Anand

    704936770 -Jeevan Anand
    714808543- do
    715350170- Health Plus
    705266563

    715018271 -ProfitPus
    713300418
    705270595
    746313989

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