Surrender value of money plus policy

[Manish_Kumar]

As per LICIndia -
In case of Surrender : Policyholder's Fund Value / monetary value as the case may be, shall be payable after the completion of the third policy anniversary. No amount shall be payable within 3 years from the date of commencement of policy.

So, you can calculate the surrender value yourself, with the below formula -

Surrender Value = (No of units X NAV)

= 17715.146 X 12.489
= 221244.46

[sudhakaran00]

Thanks Manish & Tiger..

I got a reply from the LIC office that i will get only that 2.22L alone as a return.. what about my paid amount of 2lakhs. I thought that i will atleast get 2.2+2.. around 4L.. but they said that i will get only 2.2L.. Is that the way to calculate the final amount. If i will get only 2.2L its totally waste plan i think...

[Rahul]

Manish - already told you the Surrender Value and how to calculate yourself, what else you want?

As per LICIndia -
In case of Surrender : Policyholder's Fund Value / monetary value as the case may be, shall be payable after the completion of the third policy anniversary. No amount shall be payable within 3 years from the date of commencement of policy.

So, you can calculate the surrender value yourself, with the below formula -

Surrender Value = (No of units X NAV)
= 17715.146 X 12.489
= 221244.46