Step 7: After verification of your policy details the LIC officer will issue you an acknowledgment receipt.
Download the LIC Surrender Policy Application Form.
Ivrs or Integrated Voice Response System is available at all time (247) from most cities and is providing required information to customers.
Surrender Value sims 3 world editor mac of LIC Policy.
Along with this, the surrender value of Vested Bonuses shall also be payable. .Surrender Value is payable to the policyholder only after three full years premiums are paid to the insurance company.In the initial years, it will be even less than the premiums paid by you.It is nothing but the discounted value of the paid-up value.LIC uses a Surrender Value chart philips gogear opus media converter to arrive at the surrender value from the paid-up value.In the above example, LIC is liable to pay you.Surrender Value of LIC Policy LIC Helpline Numbers.
Step 5: Then provide a canceled bank cheque to the office.
It is equal to the vested bonuses multiplied by the LIC Surrender Value.
Guaranteed Surrendered Value: If your policy is eligible for this LIC surrender policy, then they should mention in the policy bond.
The amount will depend on the duration media player xbox one for which premiums have been paid and the policy duration at the date of surrender.When the policyholder does a midterm surrender, then he will get a sum of what has been allocated towards the savings and earnings on them.By, soumya Pratihari - December, 18th 2009, lIC (Life Insurance Corporation of India) is the largest insurance company in India with various insurance plans to suit everybodys need.If you are still confused on how to get LIC Policy Surrender Value, dont worry.If the address is not your current address, you may get it updated by giving address change request form.Here is a small chart of 3 most popular.How to calculate Surrender Value of LIC Policy?