WebFeb 2, 2013 · Say the paid-up value for a 20-year policy after 4 years is Rs. 4,00,000 and the surrender value taking taxes into account (if applicable) is Rs. 1,20,240. The paid-up value is much higher but it will be paid only after 16 years, …

LIC Surrender Value Calculators - Know Surrender Value of Your …

WebMar 28, 2024 · How much money will I get if I surrender my LIC policy after 4 years? Types of LIC Surrender Value After 4 years If in case, the insurance holder has paid premiums for more than 4 years and less than 5 years, then 90% of the complete maturity sum is provided. If the policyholder is paying premiums for more than 5 years, then he/she receives 100 ... WebSep 22, 2024 · One can not surrender its LIC policy before 1 year. A formula is used to calculate the surrender value. If the insurance company performs well in the financial year, then some additional bonus can be added to the value. One needs to have all the documents necessary in order to cancel its policy. dhea cream on face

Tax On Surrender Of Life Insurance Policy: Taxability Of Surrender …

Web1 day ago · The insurance maximum term is 20 years, after which the policyholder may reinvest the lump sum in another policy. The death benefit will be paid to the policy’s nominee in the tragic event that the life assured passes away. The policy’s nominee will receive the sum assured amount if the life assured passes away during the first five … WebTo surrender a LIC policy, the policyholder must take the following steps –. The policyholder should visit the nearest branch of LIC and avail a surrender discharge voucher. The … WebJun 4, 2013 · I have just completed 5 years of jeevan saral policy. So far I have paid about 1,53,000 RS for 9 jeevan saral policies (Courtesy LIC agent wrong input) which has different maturity dates but started at the same time in May 2011. My age is 26 years when the investment started. Now, I want to surrender all the policies. dhea cream for face