LIC Surrender Value Calculator 2026
Calculate exact surrender value for your LIC policy. Select your plan, enter details, and see if surrendering makes financial sense.
Your LIC Policy Details
Endowment + whole life cover after maturity. Most popular LIC plan.
Check your LIC statement for exact bonus. Estimated: ₹2,25,000
Surrender Value Breakdown
* This is an estimate. Actual surrender value may vary. Contact LIC at 1800-2020-8787 for exact value.
Should You Surrender? Compare Options
Option 1: Continue LIC
Option 2: Surrender + SIP
Strong case for surrendering
Surrendering and investing in SIP could give you ₹10,41,980 more after 15 years at 12% returns.
Want the full analysis?
Read our comprehensive guide on LIC vs SIP with real examples and decision framework.
Read: LIC vs SIP GuideFrequently Asked Questions
What is Guaranteed Surrender Value (GSV)?
GSV is the minimum amount LIC guarantees on surrender. It's calculated as 30% of premiums paid (excluding first year) multiplied by the GSV factor for your policy tenure. The factor increases with years paid.
What is Special Surrender Value (SSV)?
SSV is calculated based on paid-up value and accrued bonuses. It often gives higher value than GSV for policies with good bonus accumulation. You receive the higher of GSV and SSV.
Can I surrender before 3 years?
No. LIC policies require minimum 3 years of premium payment for surrender eligibility. If you stop paying before 3 years, the policy lapses and you lose all premiums paid.
What is Paid-up Value?
If you stop paying premiums but don't surrender, your policy becomes "paid-up." You get a reduced sum assured at maturity proportional to years paid. This is an alternative to surrender.
How to get exact surrender value?
Call LIC toll-free at 1800-2020-8787 or visit your branch with policy documents. You can also check on the LIC customer portal at licindia.in.