Please help to understand LIC calculation process

POSTED BY Sameer Goel ON March 19, 2014 5:58 pm COMMENTS (3)

Hi Team,

I have taken a LIC endowment plan (Table Number 14) as sum assured 1 lac in 2005 on a yearly premium of 5022.

Till then i have paid 9 premiums of this policy ( a mount of 45198). Due to some personal financial issue i surrendered this policy. I though that at least i would receive the complete amount which i paid till now. But i was completely shocked to see the amount which i received from LIC. It is only 34158. Means around 11,000 less then what i paid.

I am not able to understand this amount. Can you please help me on this?

I would also like to file a RTI against this to understand about the actual calculation that LIC has done in my case. Can you please let me know about the procedure to file a RTI against LIC.


Many thanks in advance.



Sameer Goel

3 replies on this article “Please help to understand LIC calculation process”

  1. ashalanshu says:

    Dear Sameer, actually your own agent or even the branch staff can provide the basis of calculation without RTI. In case you decide to file, please file it with your branch.



  2. ashalanshu says:

    Dear Sameer, please file the RTI.



    1. Sameer Goel says:

      Hi Ashal,

      Thanks for the response.

      Can you please let me know where i need to file the RTI. I know the application format but not able to understand where i need to forward it. If i need to file the RTI in the same branch where the policy was existed.


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