Surrender LIC Policy

POSTED BY Sarvesh Gupta ON November 23, 2012 9:20 pm COMMENTS (4)

Do I need to physically present at the LIC Policy issuing office to surrender the policy?

I am looking to surrender Endowdment and ULIP from LIC.

4 replies on this article “Surrender LIC Policy”

  1. Sarvesh

    You can do it by Post also . All you need to do is write a surrender letter and send it via post to LIC branch ! .

    1. Sarvesh Gupta says:

      Thanks Manish. Since I’ll be sending the originals, is there any guidelines to get acknowledgement of some kind with speed post or courier.

  2. Yerikalapudi Govardhana Rao says:


    i have opended LIC’s Jeevan Varsha policy 6747655496 for Rs.
    50,000/- on 14-04-2009 by name of me Yerikalapudi Govardhana Rao S%
    Y.saibabu sincerely i paid Rs, 9000/- to LIC branch due to some
    family domestic problemsof my father i have not continue the policy now i am
    studying final degree i need of money in this connection i request to
    advise how i will get which i have paid amount only any returned amount from LIC regarding this policy and whom to i approach further in this matter

    The following details are given below for your kind perusal and
    further necessary help
    My Name: yerikalapudi Govardhanan Rao
    Policy NO: 6747655496 Branch code 688 Guntur. A.P
    Y.Govardhana Rao s% Y.saibabu,D No: 5-3-12,2/2, Brodiepet, Guntur-2
    cell NO; 9291669225

    1. Ramesh says:

      Unfortunately, your policy will only give you 30% of the premiums paid, excluding the first year premium plus the cash value of any existing guaranteed bonuses.

      You will have to ask your local LIC office for the amount.

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Your email address will not be published.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