How LIC calculates surrender value ?

POSTED BY aeiou280 ON February 6, 2015 9:47 am ONE COMMENT

I have taken LIC jeevan saral 4 years back. I have paid 4 premiums of 24000 each. I wanted to surrender the policy and today I went to surrender the policy and the LIC guys told me that the surrender value is 65000.

I am not sure how LIC calculates the surrender value. It says that you will get 90% of the maturity sum assured if 4 or more premiums are paid. How that value comes to 65000 ?

Can anyone here explain please ?

One reply on this article “How LIC calculates surrender value ?”

  1. How do they calculate the Surrender value is not available in public domain as far as I know . However each plan already has the tables of surrender value and how much you will get it . Its a complicated calculation does by actuaries and I think you should not get into it else things will become messy .

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today