LIC Surrender Calculator
Do you want to stop your policy? Use our LIC Calculator to see how much money you can get back. The LIC Calculator is easy and fast.
LIC Calculator Ready
Put your LIC policy details here to see how much money you can get back from this LIC Calculator.
Important Disclaimer
This LIC Calculator provides an estimated surrender value based on standard LIC formulas and assumptions. The actual surrender value may vary depending on specific policy terms, bonus declarations, additional riders, and LIC's prevailing surrender value factors at the time of surrender. This LIC Calculator tool is for informational purposes only and should not be considered as financial advice.
Calculate Your Policy's Surrender Value with Precision
Thinking about discontinuing your policy? Use our LIC Calculator to find your exact surrender value today. Our 2026 logic uses the latest LIC surrender factors to ensure you get the most accurate exit estimate.
What is Surrender?
Surrendering is the act of terminating your life insurance policy before it reaches its full term. Our LIC Calculator shows you the cash value you will receive back.
3-Year Rule
Typically, an LIC policy can be surrendered only after it has been in force for at least 3 full years. Use the LIC Calculator to check if your policy is eligible.
Tax Implications
Surrender values may be taxable if the policy is exited early. Our LIC Calculator helps you see the gross amount before any deductions.
Guaranteed Surrender Factors
Understand how much money LIC returns based on your premium tenure.
| Year of Surrender | GSV Factor (%) | Bonus Factor (%) |
|---|---|---|
| Year 2 | 30% of Premium | 0% |
| Year 3 | 35% of Premium | 0% |
| Year 4-7 | 50% of Premium | 15-18% of Bonus |
| Year 10+ | 70-90% of Premium | 25-30% of Bonus |
* Note: First year premiums and GST are excluded from the surrender value calculation in our LIC Calculator.
GSV vs Special Surrender Value (SSV)
LIC generally pays the higher of the Guaranteed Surrender Value or the Special Surrender Value. If you are looking for the lic policy surrender value calculator results for Plan 914 or 936, our engine provides both. Understanding the SSV is crucial because it often gives you a 20-30% higher payout than the GSV.
The 2026 SSV Formula
(Paid-up Value + Accrued Bonus) × 2026 SV FactorPaid-up value is proportional to the premiums you've already paid.
Accumulated bonuses are added back to your benefit in the lic surrender value calculator.
The SV Factor is a percentage that increases as the policy nears maturity.
Use our lic online surrender value calculator to see the impact of policy loans.
Surrender Value of LIC Policy Online
Searching for how to check lic policy surrender value online? You've come to the right place. Whether it's an old policy from 2014 or a new one from 2024, our lic india surrender value calculator handles all plan tables. We help you evaluate if surrendering is the right financial move or if you should opt for a policy loan.
Surrender Value Authority FAQs
Can I surrender my policy online?
Most surrenders require a physical visit to the LIC home branch. However, you can check your exit value instantly on our lic surrender value calculator.
Is the first year premium refundable?
No, according to LIC rules, the first year's premium is not included in the calculation. Our lic india surrender value calculator accounts for this rule automatically.
What is the penalty for surrendering?
The difference between total premiums paid and surrender value is the penalty. Use the lic of india surrender value calculator to see this difference clearly.
Does the LIC Calculator include bonus?
Yes, our advanced lic online surrender value calculator includes accrued reversionary bonuses as per the latest 2026 charts.