Surrendering LIC's Fortune Profit Plus : how much amount will I get?

[Saksham]

I want to surrender my LIC's Fortune Profit Plus policy. I have already paid three premiums of 60,000/- and completed three years in Feb-2013. What will be the surrender value and how much amount will I get?


Thanks in advance!

[Manish_Kumar]

In case of Surrender (including Compulsory Surrender): (http://www.licindia.in/fortune_plus_features.htm) Policyholder’s Fund Value / monetary value as the case may be, shall be payable after the completion of the third policy anniversary.

In which fund you have invested in?
How many units you have?

If you have above details, calculate using below formula -
Surrender Value = (No of units X NAV)

Check latest NAV here LICINdia (http://www.licindia.in/plannav/newplannav.htm)

[Saksham]

I have invested in Bond Fund.
- No idea about no of units?
- Do you know how to get those?

[Manish_Kumar]

I have invested in Bond Fund.
- No idea about no of units?
- Do you know how to get those?
You have to go to LIC's website www.licindia.in and required to complete the registration. For this, you need to have your policy number and installment premium details with you while registering on website. You will get an email from LIC on successful registration. Login with your credentials (User ID and Password). Go to ‘Enroll Policies’ option on the left hand side. Click To Enrol New Policies > Add your policy details.

Once you have enrolled, you can view no of units against your policy.