## How To Calculate Surrender Value of LIC Policy Jeevan Anand

According to the policy documents the surrender value of LIC policies is defined as

Guaranteed surrender value of LIC Jeevan Anand:
“After 3 years of active policy, Minimum 30% of all the premiums excluding first year premium and also if there is any bonus vested for the policy.. Also if any extra premium is paid towards Accident benefit, it will also be excluded.”

LIC’s Money back policy (with profit):
"Guaranteed surrender value is 30% of the basic premium paid excluding the first years payment and all survival benefits paid earlier"

In all of the the LIC Policies the catch lies in bonus value.
LIC Bonuses are not cash values but they are additional cover values, which the beneficiary get in case of death or paid to you in cash at the end of the tenure. So the bonuses which are reversionary i.e. declared today but paid at the end are not to be understood in the usual sense of bonus, which is a cash amount available/paid immediately.
i.e: At times of surrender you will only get today's value of final bonus

## LIC Jeevan Anand Surrender Value Calculation Formula:

PAID up Value = [No of years premium paid * S.A /Policy Term] + [Bonus * S.A/1000] ( The first year premium is excluded in this case)
SPECIAL SURRENDER VALUE = Surrender value factor * Paid up value /100

Or
Special Surrender value = {Basic Sum Assured X (Number of Premiums Paid/Total Number of Premiums Payable) plus total bonus received}X Surrender Value Factor.

## LIC Jeevan Anand Surrender Value Calculation Example:

Let us suppose Policy Started in 2007
Sum Assured: 3,00,000
Bonus accumulated till now: 67,200
Policy Term: 20 Yrs.
Premiums Paid so far : 5
Surrender Value: 30% *(5*15,916) + Final Bonus in today's term
so the surrender value in this case will be Rs 43,453

## LIC Endowment Policy Surrender Value

As an approximate benchmark in a 20 yr endowment plan after 3 yrs we get @1 premium back, after 5 yrs @2.5 premium , after 12 yrs @12 premium back and then after that surrender value is more than the premiums paid and so on

## Should I Surrender My LIC Policy?

Ideally You should make your policy "Paid Up" i.e stop making any more payments but keep your policy in force till maturity instead of surrendering the policy. This will give you cover of number of years policy has been in force (i.e 5/20 or 25% of 3,00,000 = 75,000 in our case) + Bonus accumulated so far i.e 67,200 at maturity. So on making this policy paid up you will get 142,200 on maturity  for investing Rs 79,200 or you can get out at a loss by Taking Rs 45,000 now.

1. Dear Blogger
Thanks for this excellent page. This is extremely helpful. I was reently coaxed into buying a large Jevan Anand policy. Term 17 years, sum assured 35 lacs, annual premium 2.4 lacs. I started last year, but I realize that I was made a fool of and I want to get rid of theis policy asap. My questions are:
a) If I were to surrender at 3 years, and the bonus rate was consistently 43 per 1000 for 3 years, what would be the surrender value?
b) If I kept the policy as paid up after 3 years, what would I get at the end of the term?
c) Is it possible to put the policy for 'paid up' before 3 years are over.

IM

1. Hi IM
a) If you surrender after 3 years you will get approximately around 2.4 lacs back( 1 premium is the thumb rule for 20 year plan exact values only LIC can confirm)
b) If you make your policy paid after 3 years (you will not get the bonuses) you will get approximately 6.18 lakhs at maturity.
c) You cannot make the policy paid up before 3 years are over.
My suggestion is you should make the policy paid up after at least 5 years to get the bonuses you need to pay at least 5 premiums. In case you make the policy paid up after 5 years you will get approximately 17 lakhs 81 thousand at maturity based on assumption of 43 per thousand bonus every year ( Do note that all the values are approximation and final values may be different)

2. Dear Blogger
Many thanks for your reply. I see your point. I will probably pay up for 5 years and then stop and make it paid up.
IM

3. IMBlue, I would suggest not to continue this junk policy. you will get 50L insurance coverage in term insurances with just paying 10-12K/year. Remaining 2.3L you can keep it in FD, Which will give you very good return compare to this policy. Don't make the mistake again.

4. Are you sure after paying for continuous 5 years for Jeevan Anand policy, we can stop paying premium and we will get the maturity amount after 20 years as I have 20 year plan. Please explain in details...

2. Hi,

I have 3 Jeevan Anand Policies-

1. 1000000 sum assured, premium term 21 years from June 2005 till 2026. Premium- 5000 X 9. Current Vested Bonus-31000.
2. 5000000 sum assured, premium term 21 years from April 2009 till 2030. Premium- 25000 X 5. Current Vested Bonus-69000.
3. 10000000 sum assured, premium term 21 years from April 2011 till 2042. Premium- 30000 X 3. Current Vested Bonus-47000.

What would be approx. maturity amount for the policies.

Regards,
B

1. Hi B
based on your vested bonus i realize you have 3 policies of 1 lakh,5 lakh and 10 lakh sum assured. LIC Bonuses for Jeevan Anand have been paid at the rate of Rs 45 per 1000 sum assured and Rs 47 per thousand in last 7 years Assuming 45 as bonus rate (conservative) and taking FAB of 2012. Your maturity values will be approximately
1.) Policy with sum assured 1 Lakh maturing in 2026: Maturity Value 2,02,700
2.) Policy with sum assured 5 lakh maturing in 2030: Maturity value 10,71,500
3.) Policy with sum assured 10 lakh maturing in 2042: Maturity value 20,47,000

these values may be higher or lower as per LIC's bonus rates
For more details on calculation check this post http://licinsurancereview.blogspot.in/2013/01/how-to-calculate-final-maturity-value.html

B

3. Hi
I have LIC Jivan Anand policy. Per year I give 36,037/-(yrly premium). 4yr successfully given. Now vested bonus is 84,000/-. 5,00,000/- sum assurance. It is 16 yrs term policy.

Now I want to surrender this policy. How much I will get approximately.
Plaese give calculation.

1. The Guaranteed minimum surrender value of this policy is 32,433 Rs. However Special Surrender value that LIC is Likely to give you would be around Rs 84,509. All of these are approximate numbers and actual value may differ. The calculation is shown in the post above. surrender value factor has been assumed for your case to be 40.22%

2. you are wrong. I got 97,730/- as surrender value. Your prediction wrong.

3. My calculations are just approximate values as i mentioned all taken at conservative rates so that they will err on lower side actual values will be different. Please always consult LIC for exact values

4. @Debranjan.. you are such an idiot and Joker...!! Without appreciating some ones help.. you are complaining..!! What kind of manners you have ??

5. @Debranjan , What an absolute dolt you are. Instead of thanking this gentleman for offering you such a valuable professional advice for free, you are arguing and insulting him. I hope you have minimum decency left to at least apologise for your wrong selection of words. And for god sake, don't spoil such platforms if you can not take part in a civilized way.

6. @Debranjan,

You know... you are an idiot.

I thank admin for sharing such important thing which are not given in detail at LIC website itself.

7. @Debrajan, you are the worst asshole I have ever come across.
Thank you Admin for your information. Its a shame that people like @Debrajan exists in the world today.

8. @Debrajan, You deserve it.. :P :D :P

9. lol guys, this fellow seems typical short term NRI, got nicely thrashed! :D

4. I want to surrender my LIC Policies of 1 lac from 2008,55 thousand from 2005 and money back of 50 thousand from 1999 for which i have recieved 30000 as money back.how much will i get after surrender.is it worth to surrrender.

1. Need more details for making calculations for your case. It is always better to make policies paid up rather than surrendering policies

5. I have a jeevan Anand policy of sum assured as 10 lacs for a period of 15 yrs and 68047(yearly) as premium amount. I have given 2 premium till date. I wonder whether to surrender my policy or to continue...????? Kindly give some insight based on figures n facts....

1. Your policy acquires a surrender value only after 3 years. the surrender value formula is given in the post above

6. Hi
I have LIC Jivan Anand policy started in july 2008. Per year I give 16,680/-(yrly premium).sum assured is 300000. It is 20 yrs term policy.
Premium of july 2013 has not been paid yet.

Now I want to surrender this policy. How much I will get approximately.
Plaese give calculation.

7. Hi,
I have a Jeevan Saral Policy purchased in 2009 when I was 27 years old. My annual premium is Rs.30025. I have paid 4 years premium. Now I want to surrender my policy. What would be the surrender value which I would be geeting?

8. I have taken jeevan anand policy from LIC and the term is 21 years, SA is 20 lakhs, annual premium paid by me is approx 1,00,400 and the bonus as told to me at present is approx Rs 47 / 1000. If i want to surrender my policy, after how many years can i surrender the policy so to not to lose my paid up premium money. How the calculation will be done?

1. Your policy acquires a surrender value only after 3 years. the surrender value formula is given in the post above

9. I had taken Jeevan Anurag (with profits) policy in june 2010.my quarterly premium is 14887/quarter. i have paid for 3 years. the total amount paid till may 2013 is 1,78,644 and the vested bonus as per lic is 88,000. Now i want to surrender the policy. how much approximate amount will i get...

I've purchased 10 Jeevan Anand policies starting from 2009 with term of 21 years, 22 years, 23 years, 24 years ..... 30 years. the premium also varying from 7777, 7355, 6969, 6505, ..... 4877.

The total premium outgo for the 10 policies is 61491. I've paid the premium for this year as well today. Now I wish to reduce the premium by half and either surrender half of the policies or make them paid up to invest the ammount to buy term policy. The vested bonus till date for all these policies is 20850 each.

Kindly advice on the maturity values, surrender values and which all policies you advice me to make paid up (by terms).

I have Jeevan Anad policy which commenced on 28/02/2010. Monthly premium is rs 992/- If I want to surrender my policy, can you tell me the approx amount what I should be getting?

Thanks
Ankit

12. HI,

I have taken this policy in 2005 with sum assured 600000 for 20yrs. YEarly payment of 32000. Vested Bonus is 174000.

If i want to come out of this how much money i will get back? Any suggestions.

I am now 56 years old and retired. Every penny of all my earning and savings have been spent for my family and I am penniless without any permanent employment.

I am in dire need of money and would seek your advice on the following :

I would like to know

1. How can "Paid up" method help me get my money on the policies I have invested so far ?

2. Please give me a comparison of "Surrendering the policies" to get money

I have enclosed all of my seven policies with all relevant details of them.

I have been paying up all my premia, taxes and loan interests VERY REGULARLY uptil now.

Can you please indicate "Paid up" Vs "Guranteed Surrender Values" against each of the policies ?

Best regards

Santhanam

my email id :ksanthanam57@gmail.com

Policy No Term Yrs compltd Sum assured Started on Premium Period
862908212 15 11 Jeevan Sanchay 200000 14-12-2001 20015 yrly
862932819 13 10 NJ Sur-pl I 150000 21-03-2003 10241 yrly
862908213 15 11 Jeevan Sanchay 200000 14-12-2001 18909 yrly
862908312 15 11 Endowment 200000 14-12-2001 13380 yrly
862915392 15 11 Endowment 150000 28-03-2002 10035 yrly
863659037 20 7 Bhima Gold 200000 25-03-2006 3243 Hfyrl
863622973 15 8 Endowment 350000 28-01-2005 6037 Qtrly

I am now 56 years old and retired.

I am in dire need of money and would seek you advice on the following :

I would like to know

1. How can "Paid up" method help me get my menoy on the policies I have invested so far ?

2. Please give me a comparison of "Surrendering the policies" to get money

I have enclosed all of my seven policies with all relevant details of them.

I have been paying up all my premia, taxes and loan interests VERY REGULARLY uptil now.

Can you please indicate "Paid up" Vs "Guranteed Surrender Values" against each of the policies ?

Policy No Term Yrs compltd Sum assured Started on Premium Period
862908212 15 11 Jeevan Sanchay 200000 14-12-2001 20015 yrly
862932819 13 10 NJ Sur-pl I 150000 21-03-2003 10241 yrly
862908213 15 11 Jeevan Sanchay 200000 14-12-2001 18909 yrly
862908312 15 11 Endowment 200000 14-12-2001 13380 yrly
862915392 15 11 Endowment 150000 28-03-2002 10035 yrly
863659037 20 7 Bhima Gold 200000 25-03-2006 3243 Hfyrl
863622973 15 8 Endowment 350000 28-01-2005 6037 Qtrly

Best regards

Santhanam

15. Hi,

I am paying Rs.44,662 per year for LIC Jeevan anand. The Policy is up to 25yrs, I didnt understand the examples you told. I agent told me after 25yrs I will receive an amount of 25lakhs. Am I fooled???? Can i withdram policy after three years will I get my amount back??

Regards,
Anjith Kumar Garapati

1. Hi sir told my Mr admin the values are approximate and can vary so u need not surrender your policy as told at maturity u would get 22 lac atleast n once you are 70 you can take 70 per of sum assured in your case 10 lac ie 7 lac

16. sir i am paying lic jeevan anand policy since 14-07-2010..sum assured 6,00,000. annual premium 39,192. policy years- 17..3 premiums paid..i want to surrender by 15-07-2013. Whether i have to pay premium on 14-07-2013?..and what will be surrender value?

17. vested bonus is 51600

18. Hi,

I have a following 3 LIC plan running those are completing 3 years on 27th sep'13. Now I want to surrender those just after completing 3 yrs. Can you give me idea how much I will get if I surrenders on 28th sep?

500000 165-35 ( Jeevan Saral) - Rs 6125 Qtly
500000 149-21 ( jeevan Anand) - Rs 6750 Qtly
200000 107-20(15) ( jeevan Surabhi) - Rs 4747 Qtly

19. Hi
I have LIC Jeevan Anand policy started in jan 2009. Per year I pay INR 51510/-(yrly premium).sum assured is 1000000. It is 21 yrs term policy.
So far vested bonus 184000.How much i will get if i surrender the policy now?

20. Hi..

This is Ravikiran
My date of birth is Nov. 1985.
I have a Jeevan Anand policy which i purchased in Dec.2009.
Sum assured is Rs.5 lakhs. policy term in 25 yrs.
I pay a premium of Rs.5556/- quarterly. And i have paid 15 premiums till date. The vested bonus i have got so far is Rs.69,500/-

Now, i have some financial problems and i need some money urgently. what should i do.?

1. Should i surrender the policy.? What is the amount i get if i surrender.?

2. Can i get a personal loan from LIC.? What is the max loan amount i can get.?

21. Dear Sir,

I have purchased two Jeevan anand Policies in Nov 2011.Paid two premiums as of now.
1. Rs 2,50,000 sum assured for 21 years. premium 13,000(approx) my Age 27.
2. Rs 2,50,000 sum assured for 21 years. premium 13,000(approx) for my wife, Age 26.

Please give me an insight how much we will get at the time of maturity.
And how much we will get if we surrender in 3 to 5 years respectively.

Ravi and Shelly Pandey.

22. Hi, This post was really helpful and excellent examples, but i couldn't get confidence on my calculations. I have 3 LIC policies as listed below, 1 Endowment and 2 Jeevan Anand and all completed 3 years. I would like to surrender the policies, can you please furnish me the surrender value and return value to me. Also it would be helpful if you give the return for paid up case also.
------------------------------------------------------------
Policy Details
------------------------------------------------------------
Commencement Date - 18-08-2008
Sum Assured - 2,00,000
Plan - Jeevan Anand (T. No. 149)
Vested Bonus - 30,400.00
------------------------------------------------------------
745756756 (Santhi)
Commencement Date - 28-03-2009
Sum Assured - 5,00,000
Plan - The Endowment Assurance Policy (T. No. 14)
Vested Bonus - 76000.00
------------------------------------------------------------
745757267 (Kaliaperumal)
Commencement Date - 28-03-2009
Sum Assured - 2,00,000
Plan - Jeevan Anand (T. No. 149)
Vested Bonus - 30400.00

Thanks & Regards,
Karthik

23. Dear Sir,
I have Jeeval Saral (Table No-165), Date of commencement is 28/03/2013) and my DOB is 24/09/1981.
I want to surrender the policy because of some urgent need, pls guide me what will be the surrender value of
My Premium is monthly Rs 2042/- and Sum Assured is 5 lacs and Policy term is 20 years

Thanks and Rgds

24. PLS SIR HELP HELP
HI I VE A JEEVAN ANAND POLICY I NEED SURRENDER VALUE
POLICY STARTED AUG 2011 AND TERM IS FOR 20YRS
SUM ASSURED 500000

Q1. AFTER PAYING 3 PREMIUMS IF I AM NOT PAYING ANY PREMIUM FOR NEXT TWO YRS AND SURRENDING IT AFTER 5 YEARS I.E IN 2015 HOW MUCH I WILL GET ?

Q2. IF I AM SURRENDING AFTER 3YRS I.E IN 2013 HOW MUCH I WILL GET?

Q3. IF AFTER PAYING PREMIUMS FOR 2YRS I AM SURRENDING IT IN 2013 HOW MUCH I WILL GET?

25. Hi . I have a policy with lic . Hv paid 6 half yearly premiums since 2010 . Till date I hv paid 190k as premiums. Is it advisable to withdraw the amount now or how is it different to 5 yrs termination. I hv minimum interest in continuing this policy.

26. Dear Sir,

I have endowment Plus,i paid three year,know i want surender this policy.if i surender is their any problem.if i will not pay after five year if surender any problem.pls help me.

27. Ohh boy. I cant thank u enough for such an important post. I had 5 screwed up policies 2 jeevan anand 2 money back and 1 new bima gold paying premiums of around 32K with SA 650,000.I dint want to continue as i opted for term insurance now.
My father's insurance agent had advised him not to withdraw/surrender but let the already paid premiums be invested till maturity which is same as PAID UP what u call technically.
I have paid 7-17 premiums till last year.So i thing i shd let it be PAID UP.

28. Hello Sir,

1.I have Jeevan Anand policy, for 16years policy term,paying half-yearly amount of 14,102, and have paid for 5 years already, now if i stop paying premium,what will be my rough paid up value after policy term, and will my paid up value include bonus calculation after policy term.Kindly answer?

2.I have Jeevan Tarang policy, for 20 years policy term,paying half-yearly amount of 10,147, and have paid for 5 years already, now if i stop paying premium,what will be my rough paid up value after policy term, and will my paid up value include bonus calculation after policy term.Kindly answer?

3. I have New Bima Gold policy, for 16 years policy term,paying half-yearly amount of 4,948, and have paid for 5 years already, now if i stop paying premium,what will be my rough paid up value after policy term, and will my paid up value include bonus calculation after policy term.Kindly answer?

-Praveen

29. Dear Sir,
I have Jeevan Anand Policy taken Sep 2002 with Premium Paying Term as 21 Years. As of today, my vested Bonus is 241000.00.

Could you please tell me how much maturity amount which i can expect at the end of term for this policy?

Thanks
Sridhar

30. I have Jeevan Tarang Policy, 10 lacks for 10 years paying around 1 lac premium a year. i already paid for 3 years now. unfortunately i am in a big loss in my business and cannot make any more payments. please let me know if i keep this as paid up policy and stop paying any more premiums. since i already paid for 3 years (3 lacs). what will i get after 10 year policy term?

31. I have Jeevan Anand Policy taken on Dec 2008 with Premium Paying Term as 22 Years. My Sum Assured is 400000, I want to surrender the policy. What will be ammount will i get after cutting the changes.

32. I have Shriram life Policy (Shri raksha).My annual premium is 75300 and
Sum assured is 1000000.Already Paid 7 years. Now I want to surrender it. Can you please tell me how much amount I am going to get...

33. Hi,
I have 2 Policies ( 1. Jeevan Anand 2. Child Career Plan - Table No 184 & Child Future Plan Table No 185) and i want to surrender the same & need your advise as to what will be my surrender value.

1. Jeevan Anand Policy - TABLE -149-21
DOC 09/07/2007
MATURITY DT - 09/07/2028
SUM ASSURED - 1LAC
PREMIUM PAID - FOR ALL THE YRS ..TILL JULY 2013
MY DATE OF BIRTH - 06/09/1977
PREMIUM AMT IIS APPX 10000 PER YEAR

2. Child Career Plan - Table No 184 & Child Future Plan Table No 185
DOC - 10/07/2007
DATE OF COMMENCEMENT OF RISK - 10/07/2012
EXPIRY DT OF POLICY TERM - 10/07/2030
EXPIRY DT OF EXTENDED TERM - 10/07/2037.
SUM ASSURED - 1LACS.
DUE DT OF PREMIUM - 10/01/2025
DUE DT OF PMT OF LAST PREMIUM MATURITY DT - 10/07/2030
DATE OF BIRTH OF MY DAUGHTER - 06/02/2007
PREMIUM AMT - APPX 10000/- PER YEAR
Now i am surrendering both the policies due to financial concerns. I need your advise, that can i get some benefits from both the policies currently & if i surrender then what will be the surrendering amount i will get for both the policies.

Regards,

34. dear sir,
i have a jeevan anand policy,which i started in 2006 with yearly permium of 37000,i have paid until current year with out fail.as i need urgent cash what will be the total amount i will get when i surrender my policy . its a 15 yrs policy sum assured is 5,00,000.

35. Sir,
I have a Jeevan Rekha policy with a term of 10 years (started in 2005), SA 2,00,000 and with vested bonus of 74900. what is the amount i'll get if a surrender the policy in 2014?

Rajiv

36. Thanks admin for so much of wonderful and important information, which I would have never got on LIC web site..

Quick Question. Do I have to inform some one in case I want to make my policy "Paid UP". How do i tell LIC that I want to make a policy paid up.

Thanks and Regards,
Vivek

37. I have jeevan anand lic policy
Half yearly premum=7703
Sum assured=3 lacs
Policy start date=28/04/2006
Vested bonus=82200.00 (as shown on website).

Can you please tell me, if I surrender my policy now, how much amount will I get?

Actually I want to convert it into term insurance, where i can get more insurance cover and i need to pay less premium. Is there any provision to switch between policies in LIC?

38. Dear sir

my policy term is 16yrs jeevan anand , sum assured is 210000 , annual premium is 15010 rupees i have completed 5 yrs , if i surrender how much i will get in my hands - policy jeevan anand

1. Around 47839 Rupees

2. around 190000

I think I was taken for a ride by my LIC agent. Im 38 yrs old and this April I asked for a Jeevan Anand policy for max. 15 yrs term. He took a cheque of 64,491 and I saw the amount being deducted from my bank. Only recently I was able to receive the policy papers and was shocked to see that instead of one policy he had made 12 policies of 1 lakh sum assured. The policy term ranges from 20 yrs to 32 yrs!! (until I'm 70). How should I tackle this issue with LIC ?

1. I do not want so many policies varying from 20 - 32 years for sure. Can they change it to one single policy of max 15 years term ? I'm not bothered about what the sum assured will be.
2. Can they cancel it and pay my money back ? I will be more than happy to do so.
3. I had only signed on one application form. If they have given me 12 policies..doesn't it mean they forged my signature on all those application forms ? If they do not agree to either consolidate or pay my money back...can I complain against LIC for forging my signature ?
4. The money from my bank was deducted on 11th April 2013 where as the payment receipt (a Block receipt) shows the date of March 30th 2012. Does this give me any loop hole to complain against LIC ?
5. I do not want to loose the money I paid and will be happy with just doing what is necessary. Please suggest.

Thanks
C Nair

40. Hi,

These are my policy details

Policy name: Jeevan anand (T.No 149)
Policy term: 74 (Premium payment term: 21)

Vested Bonus 111200.00
Terms paid: 12

I want to know, how much surrender value I will get if i surrender my policy
* after 3 yrs completion of policy
* after 5 yrs completion of policy
* after 8 yrs completion of policy

Thanks,
Sundar

41. I have an LIC policy "Endowment Assurance Policy with Profits + acc. benifit". That is Policy No.14 for 25 years. Sum assured is Rs. 1 Lakh. Started on 2003 July and paying installments(Jan, Aprl, July, Oct) per year(4 installments in a year). Each installment payment is Rs. 972/-. I have paid installment up to 2013 Oct without any break. Could you tell how much amount will I get, if I surrender.

42. I have a cashback policy with SA of 100,000 and premiums paid for 16 years out of 25; maturity benefits worth 45% already received. Wondering whether to surrender and use the money to invest in equity (returns over balance 8 years might match vested bonus) or just stop premium payments and wait till maturity. What do you advise?

43. I have a cash back policy with SA 100,000 with 16 annual premiums paid out of 25. Maturity benefits worth 45% already received. Evaluating whether to surrender, get 30% + vested bonus and invest in equity (returns in 8 years could be significant) or stop paying premiums and wait till maturity. Any advice?

44. Dear Sir,
I have taken the Jeevan Saral Policy.
Term 30 years, I have been paying the premium since 22/06/2009
Maturity sum assured: 2165950
accident benefit and term rider sum assured are 12,50,000.
Have I been duped. I think so, and I want to surrender this policy. How much will I get on surrender of this policy.
VJ

45. sir ,i have 3 policies which is yearly paid .some vested bonus amount is calculated around this polices i just want to know what is it and how i get this ..?

46. Dear Sir,
Please guide me on two policies:
Jeevan Mitra Triple Risk Cover- Rs. 15327 PA for 21 years Sum Assured 3 lacs
Jeevan Anand- RS.15300 PA for 21 Years Sum Assured 3 lacs

What will be the paid up value after 21 years if i stop paying premium. Also do i need to inform the LIC office for making it paid up.

What will be my insurance coverage & till when?
Should I take a term plan and remaining amount in SIP?

Regards
Saurabh Sharma

47. Greetings,
I have a Jeevan Anand (with profite) (with accident benefits) policy for SA of 3,00000 started in Dec 2006. Have made 7 premium payments of Rs. 21,249 till date. Would like to surrender / make it paid up. Can you pl guide me on best option?

48. Hello Sir,

I am having LIC Saral And LIC Anande policies. Sun Assured and Term for Jeevan Saral is 750000 and for 16 years (DOC : 10-10-2011). Sun Assured and Term for Jeevan Anand is 1000000 and for 21 years (DOC : Jan 2012).
I want to surrender for any one policy. I want to know Surrender value for both policies. Could you please tell me for which policy should I surrender ?

49. Hello,
I am having LIC's Jeevan Anand policy,which I took in Jan 2009.
I have already paid 5 premiums of 26774/- and now thinking of surrendering this policy.The current vested bonus is 69500.

Thanks for the help.

50. respected sir,

JEEVAN ANAND POLICY
period 16 years
date of commencement 28/09/2005
paid for 9 years without fail
accumalated bonus 87,000
If i surrender immediately, how much value I get in return

51. excelent page... i am so glat ppl are willing to help .. and debaranjan u are ass

I have 2 Jeevan Anand policy. and hence 2 questions.

A. 1st policy started 10 year back with 3lakh cover and I missed to pay premium. 8 months gone by. Should I wait till maturity or surrender or pay premium + penalty?

B. 2nd policy started 3 years ago and 4th premium is due. It is for 10lakh and premium is 52K. I want to get out of it. Should I wait till maturity or surrender?

Thanks for your help. You are doing great service.

53. Hi,
My jeevan ananda policy is for 21 years. I have paid for 6years. Now I dont want to pay more. What will be my maturity value. Will i get the death benfit? My policy is for 200000 and yearly premium of 10534

54. Hi,

I've started my lic money back policy on March'2010.The sum assured of the policy is 2 lakhs. I've paid 7 premiums which is Rs 6386(Half-Yearly).My 3 years locking period has been completed on March'2013.My last premium held on Sep'2013 is of Rs 6386 which i not paid till date.I want to know how much surrender value i received if i surrender my policy right now

Thankyou for all the above helpful examples. Me and my wife both hold Jeevan anand policies which commenced in 2006 and will complete in 2026. I believe as we have changed our citizenship now, we are not eligible to continue with the policy. Therefore are considering to surender.

-What will be the final payout for us if we surrender now - sum assured was 1000000 each
What is the policy surrender procedure

Many thanks for your help and wishing you hapiness and prosperity in the new year!

I have two LIC plans. Jeevan chaya started from jan 2006 (Premium : 22946 / yr) and new endowment assurance policy started from jan 2005 (premium : 21301/yr). I want to stop the payment for these two lics and want to invest in term insurance.
My questions :
1. Planning for term insurance : Is that good?
2. What will be the approximate surrender value if I close these two LICs?
3. If I stop the payment from the next year please let me know the things which I will get/not get.
FYIP : I have not taken any loan from these two LICs, and no due payment yet.

57. Hi,

I have a Jeevan anand plan for 9,00,000 (12,054 / quater till 21yrs) from Mar.2012 for .I have paid 4 premiums(till Dec.2012).but after that I stopped paying.How can I get that money and how much I can get. also Please let me know .

I have a lic policy "Jeevan anand" i started this in 2009 january. Yearly premium is 27895 Rs.
Sum assured is Rs 500000. This policy is for 20 yrs.
Till today i paid 5 premium amount. Now im planning to surrender this policy,
My questions:
how much would get if i surrender now ?
Also if i contiue to pay till 20 yrs how much i would get after policy meturity ?

Kindly help me on this.

I have taken LIC Jeevan Saral (T. No. 165) with premium 3032 hly for a term of 35 years. What will be Total amount after 35 years?

60. Hi..I have taken LIC Jeevan Anand with premium 6032 hly for a term of 21 years. What will be the maturity amount after 35 years?

(Question 1) - I have a LIC money back policy. Till today I paid 9 premiums. My yearly premium is Rs. 12,575/-, this policy is for 20 years. Once I got 40,000 bonus after 5 years.

(Question 2) - I have another LIC policy. Till today I have paid 3 yearly premiums. My yearly premium i Rs. 12,010/-. This policy is for 20 years.

how much would get if i surrender both policies now ?

62. dear sir
i have taken Komal Jeevan policy in year mar2010 having premium of rs. 52000.in mar 2014 will payy myy 5tth premium . i want to discontinue this policy. pls tell me tthe amont i gettt from LIc aftter closure of tthe policyy
tthanks

63. Dear Sir, I have taken Jeevan Anand police of 30 Lacs on 31st march 2013.and the payment duration is 26 years of 114882 INR per annum (paying half yearly). and interim bonus is 47 and assumed bonus is 80*. now tell me if i want to stop paying after complete three months and if i require settlement after closing then how much i will get from LIC after surrender.

64. dear sir,
I will started in Jeevan Anand Policy in 2009 per year paid in 5214 at present i will paid 5 dues now i surrender the policy which amt can get it please inform me
by abjk

65. Dear Sir,

I started my Jeevan Anand Plicy and paid first installment on 28.12.2003 ; Yearly payment is Rs.21,379/- for 16 years. How much I will get at policy mature and when I can get the money. Kindly advise.
MBR

66. i have a Jeevan Anand policy:
Sum Assured: 5, 00, 000
Yearly Premium: 2 x 16, 308 = 32, 616
Start: Aug (08) / 2005
Date of Last Payment: Feb (02) / 2022
Vested Bonus: 1, 45, 000.00
if I surrender now, what will be my
1. Surrender Values
2. Special Surrender value
and how will know which surrender value will i be given?
I want to stop paying and surrender. Is it advisable at this stage of the policy?

67. Sir,

I hold a Jeevan Anand Policy term 25 years. Paying an annual prem of Rs. 32000 approx. started in the year 2005. (8 yrs completed so far) Vested bonus is Rs. 254000 as on date. Sum assured Rs. 8,00,000. I would like to surrender the policy and take a low costing insurance policy elsewhere. Since I am a single mom this is a big burden for me. Can you pls guide what will be the approx. amount if I surrender the policy? Also request your valuable suggestion otherwise to make the policy paid up or so. thanks in advance... Regards, M/o.Sriram

68. i have a Jeevan Anand policy:
Sum Assured: 10, 00, 000
Start: 29/05/2014

My questio is
1.How much amount I will get once I will clear my 20 years and what is the RISK in middle and after 20 years.

Regards,
A

69. Hi,

I have a LIC Health Plus Plan with:

Year Enrolled: 2008
Sum Assured: Rs 500000

I want to close the same. Can you please advise on how much return would i get if i surrender it in 2014 itself?

Kindly revert at your earliest !

regards,

70. hi
i have a lic jivan anand money back policy with
Preium rs1639/half yearly
year enrolled 2005
sum assured 50000
I want surrender it on 2014 what will its value that i got please advice

71. I have a Jeevan Anand policy:
Sum Assured: 500000
Start: 1st March 2010
Vested Bonus:93500/

My Question is,

I want to close the same. Can you please advise on how much return would i get if i surrender it in 2014 itself?

Regards,

72. Hi
I have LIC Jivan Anand policy. Per year I give 23547/-(yrly premium). 5yr successfully given. 3,00,000/- sum assurance. It is 16 yrs term policy.

Now I want to surrender this policy. How much I will get approximately.
Plaese give calculation.

My LIC Jeevan Anand policy has a sum assured of 10,00,000
I started paying premiums half yearly from Oct 2007.
Since april 2011 I have been unable to pay the premiums and have 5 unpaid premiums.
I am contemplating a surrender of the policy my first paying up the balance premiums and then surrendering. Kindly advise if this is wise. Else request you to kindly recommend a wiser way to manage this.

Ritesh

My Jeevan anand policy sum assured - 3,00,000
started from Feb 2008 - Yrly RS - 16,876 /-
Upto Feb 2014- done payment.

Now planning for surrender, Please let me know how much i will get?

75. Hi Sir,

I bought a lic policy last year of Rs.23419 for 20 yr. it is yearly payment.
so anyone can tell me how much money i will get on 21st year after maturity.

Regards
Shekhar

76. Hi,

Very useful information. Just wanted to check who do I reach out to surrender the policy. Considering that I don't have the updated no of my agent. Thanks in advance.

Thanks a lot for sharing this excellent info about calculation of surrender value. I perfectly follow the calculation, but, could you please advise the criteria used by LIC to arrive at the percentage value to be used (30% minimum). What is maximum value it can go upto?
What is the case of "special surrender" and who is eligible for it?

AnkieG

78. Hello Sir,
I am Jeevan Anand LIC Plan for 5,00,000/- for 16 years started on 09/sep/2005, I am paying 9181/- quarterly until now i am paid 3,00,000/- and my bonus occured is 167,000/- If i surreneder the policy how much amount i will get

I have taken Jeevan Anand Policy in the year 2013, have paid yearly premium 39751/- .......it is for 25 years, 1000000 sum assured....i want to surrender after 3 years...can you plz calculate and tell me hw much will i get....its my request ????

80. Hi
I have policy. Per year I give 15000/-(yearly premium). 5yr successfully given. 75,000/- sum assurance. It is 8 yrs term policy.

Now I want to surrender this policy. How much I will get approximately.
Plaese give calculation.

81. I want to surrender my 15 year , SA= 15L , Yearly premium 1,09,000 Jeevan Anand policy now .
I have paid 5 yearly premiums by Dec 2013. LIC website shows 232500 is the vested bonus for this policy.
Will be grateful if you can tell me how much approx amount I will get . Also will there be any tax liability on the surrender proceeds.

82. HI,

I have taken 3 jeevan anand policies :

1. 100000 sum assured, premium term 20 years from June 2010 till 2029.
2. 100000 sum assured, premium term 21 years from April 2010 till 2030.
3. 100000 sum assured, premium term 22 years from April 2011 till 2031.

I have paid 5 premiums, Its difficult for me to calculate and remembering many policies and terms and amounts...i don't want these many policies..i want go for single policy? can i merge these polocies into one policy ? or can i close these and make new one ?

Advise what is the advantage of money back policy if i have option to go for ?

83. Hi,

I have LIC Jeevan anand policy, policy term is 21 years. I have successfully paid for 3 years.
SA = Rs.700000; quarterly premium = Rs.9086. I would like to surrender this policy. Since i feel this is not a suitable plan/investment for me.

Thanks

84. Hi,

For jeevan anand policy:
policy term is 21 years, i have paid for 3 years; SA = RS.700000, quarterly premium is Rs.9086; Vested bonus is Rs.66500. What will be the surrender value for this policy.

85. Hi,
I have 1 Jeevan Anand policy starting at 2008. Policy term 18 years. Sum Assured amount 2 L. I have paid 6 premiums so far on this. Would it be a good idea to surrender it or make it paid up policy ? Is there any way we can get the exact surrender projection from LIC website ?

Also, I have 1 Jeevan tarang policy starting at 2010. Policy term 20 years. Sum Assured amount 4 L.I paid 3 premiums so far on this. Should I continue this policy or surrender/paid up this policy ?

Thanks !

86. I have an LIC cash back policy with sum assured of 1 lac purchased in 1997 with tenure of 25 years. Have received 3 cash back amounts for 45% of the sum assured. Another 15% will be received in 2017 and balance 40% in 2022 along with bonuses. Vested bonuses as on date are approximately 86000. Policy is paid up I presume. Planning to stop paying premiums from next year. What will be surrender value? Do you recommend surrendering or waiting another 8 years for maturity?

Many thanks for providing such details. I think this LIC business runs purely on selling gimmics, people's ignorance about basic investing discipline. I have also been victim of this trap.
I purchased Jeevan Anand Sum assured Rs.100000/- in 2005 premium Rs. 4928 for 20 years. I made it paid up after paying six annual premiums. Another policy Jeevan Saral Rs.750000/- Annual premium Rs.360030 for 25 years in 2010. I will make it paid up in 2014 after paying five premiums. Now please suggest how I would be better off. By withdrawing the money of Jeevan Anand in 2014 and Jeevan Saral in 2015 and investing the same in PPF or by holding it till maturity. Please compare with PPF by considering 8.5% flat rate till 2025 and 2035 respectively and suggest.

88. Corrigendum to my QUERY dated April 23, 2014

I have taken the LIC Jeevan Anand policy from oct-2011 for 15 years term.
Sum Assured : 2,00,000
Monthly Premium: 1200 = Yearly: 14,400
Current vested bonus : 17,000.

1. Should i continue with the policy even after 3 years?

2. Should i surrender the policy after 3 years(sept-2014). If i do so, how much surrender value i would get?

3. Should i make it paid up? if i do so, what would be my paid up value.

I appreciate your thoughts on this.

90. I have

1) Jeevan Anand taken during 2010 for 23 years with an annual premium of 9409, sum assured 2 lakhs. I have paid 4 premiums. As per the LIC website Bonus credited is 28400.

2) Jeevan rekha for 20 years taken during 2004 with sum assured of 2 lakhs premium of 8108 and I have also received 20000 as survival benefit twice. Bonus shown in the LIC website is Rs. 80000.

Please let me know whether I should surrender these policy or make them paid up or continue paying premiums. What will be the return I will get in each case for both the policies.

Regards,

Rajeev

Very Very Urgent

I need your help. I have jeevan anand policy sum assured 300000 commencement date 15/6/2008 premium Rs 3135.00 payable quarterly.vested bonus 69000

I want to surrender my policy Please let me know how much amount i will get.

Pls reply or mail to ganeshkumartshpc@gmail.com

Regards
Ganesh

92. Hi, my advisor fooled me when I asked for a policy to get a maturity value of around 40 to 50 lakhs, he has given an jeevan anand, where in the annual premium is 82000, but instead of giving one policy he has given 21 policy each will mature year on year. So I get only 200000 per year after 25th year, for which I am making 82000 now. So I want to surrender this, I have completed almost 4 years, How much I may get.

93. Hi I have jeevan Anand policy started in May 2009 and have given 4year of Rs 21024 premium successfully.
Now i want to surrender this policy. what will be the surrender value
Policy Term - 25 years
Vested Bonus- 71000

94. Need some help with calculating approx cash surrender value for back dates Jan 1, 2013 and Dec 31, 2013.

LIC policy
cash return after every 5 years - INR 30K (received 30 K between Jan1 and Dec 31 2013)
Full term 25 years
Sum assured 2 Lacs
plan - new money back policy 25 years (T No 93)
policy commencement Aug 2003
Enrollment date 10/01/2010
Vested bonus as of today - 90200

These calculations are getting confusing, and I want to not be way off on calculations. Would really appreciate if someone could help! Thanks. Vijay

95. Hi
I have taken lic on 1 feb 2011 for 20 years.my lic due months are feb and aug. Amount of lic is 500000. My yearly installment is 26000. How much i will get back if i will surrender the policy

I have taken LIC Jeevan Anand policy and pay Rs 26000 as annual premium payment.Sum Assured is Rs 5,00,000 and term is for 21 yrs.Vested bonus is Rs 24000.I have paid 2 premiums and have got to know that returns are extremely low at 5.6%.I don't want to continue payment for this plan and had contacted my LIC agent.He told me that if I do payment for 5 continuous years i.e. payment of Rs 26,000*5 ,he will get me the entire premium paid back along with the bonus.Kindly let me know if it is true.Kindly let me know if I can get my entire money back by paying premium for 3 more years or shall I surrender or stop paying premium.Please suggest.

97. Dear Sir,
i have LIC Jeevan Sathi policy on 16.02.2009 & premium deposit up to till date. Premium amount is 2692/- half yearly. Now i want to surrender my policy. Please tell me it is right or wrong & please tell me also surrender value. Thanks.

98. Dear Sir,

Good Morning!

I have joined LIC Jeevan Anand plan (149 Jeevan Anand) on 28.05.2014.
Premium paying term is 25 years.
Quarterly payment is Rs. 6,327/-
Total sum assured: Rs. 600,000/-
Total paid amount: Rs. 31,635 (it is 5 installments)

I want to quit this policy as i have found there are some other better policies are available.
Could you please advise me how much i am going to get back if i want to surrender?
Is there any facility to migrate from this policy to any other policy inside LIC itself?

I hava LIC jeevan Anand policy of 10 lacs for 21 yrs and per year premium amt is 51000, i paid only one year premium. Now i want to surrender my policy. Please tell me the surrender value. thanks

100. Hello Sir,
I have LIC jeevan Anand policy of 1 lac for 21 yrs and half year premium amt is Rs 2662/-half yearly and it was started Sept-2003, Now i want to surrender my policy. Could you please tell me the surrender value. thank you so much in advance for your help !

101. Hi,
I have taken a LIC Jeevan Anand Policy.Premium 83000/year. It was told that I will get minimum 35Lakhs after 20 years. 4th year is running. I want to surrender it after paying 5th premium. How much money will I get?

102. HI Sir,

I have 2 LIC policy's,

1) Sum assuersd: 100000, policy term - 30, premium - 3000.00 number years paid - 14 years, bonus -70000.00
2) Sum assuered : 300000, policy term - 21 , premium - 150000, number of years paid - 8 years, bonus 96600.

Please let me know how much amount of loan i can get on this.

103. Hi,
I have jeevan anand policy started on sep 2007. qly Rs. 5423 and i have paid till june 2014. sum assured is Rs. 300000. Now vested bonus is showing 75900. policy term is 16yrs.

Manually calculated premium paid +bonus comes around 2 lakhs.

I am planning to surrender this policy as an urgent need of money.
What would be the take home/surrender value if i surrender it on july 2014?

104. I have 10 policies of Jeevan Anand of Rs.1 lac each, commenced from Nov., 2009 and paid premium half yearly @14165 till date. If I want to surrender, what would be the value I will get in hand.

105. hi i need surrender value not exact amount approximate enough jeevan anand start from 27/2/2008 yearly 11320 rs until not i am paying now finance problem i like to surrender
what is the surrender value plz tell (vested bonus 50600)

106. : Can u guide me on my existing endowment Insurance policy?I have taken jeevan sathi poilicy from LIC in 2006 with tenure of 25 years @Rs 5700 PA.Sum assured is Rs 1 lacs.If i surrendered i will get Rs 22000 against deposit of Rs 48000 but need to continue another 17 years.On maturity i may get some bonus .Sum assured is very less but for my wife is house wife and no other policy available.Can you guide me whether should i surrender or continue

107. : Can u guide me on my existing endowment Insurance policy?I have taken jeevan sathi poilicy from LIC in 2006 with tenure of 25 years @Rs 5700 PA.Sum assured is Rs 1 lacs.If i surrendered i will get Rs 22000 against deposit of Rs 48000 but need to continue another 17 years.On maturity i may get some bonus .Sum assured is very less but for my wife is house wife and no other policy available.Can you guide me whether should i surrender or continue?

108. Sir i have taken LIC Jeeven Anand Policy(for 20 years) on 04/01/2012 of 7Lakhs, and i have paid 5 premium of about 88935.(Annual premium=35574 and term is 20 years)
Now i dont want to contine with this policy. Whether surrendering or reduction in sum assured will help and how much will i get in return.. ? Please suggest better.

109. hello sir,i am 23yesrs old.i dont know how i did it,but signed up for a jeevan anand plan paying 26434 per year for 20 years. the sum assured is 5 lakhs .i have paid just the 1st year premium and want to stop and run immediately.would i get back a single paise or the whole amount is gonna be forfeited.i calculated properly and realised its a fraud plan and designed only for the profit of the oraganization and the agents.what would you suggest me in this case

110. Hello sir,
I have taken jevan chaya policy on 02/2007 for sum assured Rs 12 lacks, I paid quarterly Rs 15,408.00, Let me know how much i will get if i am surrender this policy

111. HI Blogger,

This blog is truly very nice. Got nice idea about the profit which i will get from LIC. I have invested 1644/- per month for 25 Years in Jeevan Anand 149. Right now am feeling very boring paying for long 25 Years. So want some suggestion to know what to do? if i cancel, i won't get anything!
Thanks & Regards

112. Sir

Please advise whether i should continue or surrender or make paid up the following policies

Name of the policy date Term Sum Assured Vested bonus Premium
1 LIC Endowment Assurance Oct 2008 30 years 2,00,000 48,000 6,192
2 LIC Jeevan Anand Apr 2010 30 years 10,00,000 1,42,000 31,458
3 LIC Jeevan Nidhi Dec 2011 16 years 5,00,000 55,000 32,673

113. Hello sir,
I have taken jeevan anand policy on 06/2006 for sum assured Rs 1 lack, I paid yearly Rs 5384, Let me know how much i will get if i am surrender this policy.

114. Hello Sir,

I have taken LIC Jeevan Anand plan no 78 with SA as 10 lacs and half yearly premium of 34420. I have paid 3 years premiums till now and the vested bonus is around 87000 (as displayed in LIC portal). As I strongly believe that I made a wrong step and now I would like to take one of the below decision and need your suggestion / inputs to choose the correct one.

1) Will it be better in anyway to continue with the policy ?

2) Surrender the policy and take what ever amount I will get (I think I will get around 1 lac) and invest it somewhere and for insurance take a Term Policy (I am 26 years old) ?

3) Make this policy paid up ( is it possible for paid up after 3 years ) Or should I need to pay till 5 year and then paid up ?

115. Please help me: I have a Jeevan Annad Policy of Rs. 84,325/- for 21 years. I have deposited 2 premiums and 3 rd is due on 10 Oct. 2014. I am not willing to continue this policy. thus my question is

1. Should i deposit the 3rd premium then surrender the policy?
2. after 3 premium what amount I will receive after surrender of policy?

116. I have taken lic jeevan anand policy 149 and the term is 21. Now i have paid 4 years premium amounting to 46368 (966 per month for 4 years). The amount shown as bonus in the portal is 30000. the sum assured is 200000. if i surrender it now what amount will i get

117. I have taken lic jeevan anand policy 149 and the term is 21. commencement date 28/03/2008 premium 7888 half yearly (15776 yearly) The amount shown as vested bonus in the portal is 83100. the sum assured is 300000. if i surrender it now what exact amount will i get?????PLZ REPLY URGENTLY

118. Hi I had started My LIC policy on Nov11 2011 and I have paid the premiums for 12 months and due to financial issues I was unable to continue the same and discontinued paying. My premium amount was Rs.8840/month. So in Total I made a payment of Rs.1,06,080. I was told that I will not get a single penny as refund when I was thinking of surrendering this next month November. Can some please advise on how can I get a refund on the same. It's a huge amount of money and losing it means a lot to me. It's my hard earned money.

119. Hi Blogger,
Information provided is great.I am putting forward my story.I have New Jeevan Anand Policy(T.No- 815) with annual premium is 35606 per anum one shot. Policy term is 15 years.I took it in January this year 2014. I am not able to understand weather I should carry forward with it or not. Because sum assured is 4.5 lac which looks foolish to me as i am paying more than that of the insurance cover..Case is I was told some other Policy and was given something else even I was not given receipt for first 15 days so that I can cancel it then and there itself.Can you please tell me what will be the approximate amount that i will get at maturity so that i can take final call.

120. I have a jeevan anand policy. I want to know what would be the present surrender value. Iwant to surrender the policy :
sum assured : 1 lakh
period : 16 years
date of commencement : 28.01.2003
quarterly premium " 2199/- paid upto date.( till October 2014)
Bonus as on 31.3.2013 : Rs. 48500/-

121. I have a jeevan anand policy. I want to know what would be the present surrender value. I want to surrender the policy :
sum assured : 1.5 lakh
period : 20 years
date of commencement : 28.10.2011
quarterly premium " 2160/- paid upto date.( till October 2014)
Vested Bonus : Rs.13050/-

122. How much I will
get if I surrender Jeevan Anand Policy after 2 years?

123. Hi,

I have two LIC policies - Jeevan Saral .Both are same.Its for 16 years term.
Sum Assured is 5 lakhs.Both policies started on 20/12/2011.
For one policy - i have paid 73500 till now for one policy
and for another i have paid 60650.
please suggest whether to keep one policy and surrender or paid up the other one as both are
same. And If to be paid up, when to plan it?
I am bit unsure of the Bonus amount.

124. Sir,
I have a jeevan anand policy. I want to know what would be the present surrender value. I want to surrender the policy.

Sum Assured : 5 lakh
Period : 17 years
Date of commencement : 01.12.2007
Monthly premium " 2788/- paid upto date.( till Nov 2014). Total value = Rs. 234164.00
Vested Bonus : Rs.148500/-

125. I have a Jeevan Anand Policy which I want to surrender yearly premium - 12252 for 10 years
Starting 2008 what would be the surrender value?

I want your expert advice on my policy. I have Jeevan Anand Policy for 25 years with sum assured 1000000.00. I have paid 4 premiums already. if I surrender my policy now whether I will get some benefits or should I wait for one more year.

I bought jeevan anand policy 3 years ago; sum assured 1lac and annual premium of around 8K; the policy document says "Policy Term: 47 (policy payment term 17)". I undersand that I will pay for 17 years; but would like to know 2 things:
1. What will be the total amount I get from LIC
2. What is the meaning of "Policy Term: 47" as mentioned in the documet

I would like to surrender my Jeevan anand policy
Below are the details of Jeevan anand policy:
1. SA - 600000
2. Term - 21years
3. Rs.7719 - Quarterly premium i paid from Jan2008 till oct2014.(Totally paid : Rs.216132)
4. Also i have availed a loan of Rs.70236 on Oct 2103

Please guide me should i go for surrendering of policy & if so how much i will get

Regards
Krishnaraj.C

129. I would like to surrender my jivan Anand policy I have paid only one premium rs 60952 term 15 years please suggest me

130. what is vested bonus.

131. Dear Sir, I have a jeevan ananad 149 plan,the sum assured is 300000 and premium is 50378 rs Yearly for 7 years,plan term is 7.
Since this policy continues to give Life cover even after the maturity . Can i surrender this policy after getting maturity amount ? In the case of surrendering the policy , how much amount i will get for surrendering the policy of 3 lakhs sum insured for 7years post maturity. Thanks in advance!

132. Hello can someone help me how much money i will get if surrender my Policy details are pasted below.

Vested Bonus Information
Policy No 883888653
Vested Bonus 76000.00
start date : 4/11/2010
Sum Assured:4,00,000
Premium : 1103*12 = 13,236 yearly
Term 30 years

133. I would like to surrender my endowment plan 14. it take this policy two year ago. policy I have paid only three premium rs 126000 term 12 years please suggest me what amount i got after 3 year & 5 year.

I too am an unfortunate Jeevan Anand policy holder. And I must also admit that I have no clear understanding of how this policy really works. Gone through many posts here about surrendering the policy. Did some calculations as you suggested, but it comes far below my expectations. Not sure if I did that correctly. Please help me understand whether it would be a good idea for me to surrender my policy:

Commencement Date: 15/06/2004
Sum Assured: 8,00,000/-
Vested Bonus: 340800
Policy Term: 74 Yrs (Premium Payment Term :16 Yrs)

If I surrender now, what is the amount that LIC is going to pay me? Considering that I have already completed 10 years out of 16, would it be a good idea to wait for another 6 years, as they also offer a life coverage for the amount equal to sum assured.

Regards,
Jacob

135. Hi,
I want to surrender my Jeevan Anand policy, taken on 10-2008. Policy term 25 years. Sum assured- 3 lakhs. Vested bonus- 84000. Premium amount 12038 annual. I have paid all premiums till now (last on 10-2014). Please suggest the minimum value I get, so that I can plan. Thanks in Advance.

136. NEW JEEVAN ANAND POLICY SA IS 10 LAKH FROM 12/02/2015 TILL 03/02/2035. WHAT WOULD BE APPRX AMOUNT FOR THE POLICY

137. Jeevan ananad is one of the worst policy it will give benefir after the complete term (Min 12 years).In between, if you want to surrender then u will not get even half of teh amount you paid.I paid 2.20 L and want to surrender after 3 years. I got only 90K in my hand.

I have taken policy for 9,95000 for period of 15 years
Policy - LIC Jeevan Anand
Policy Term - 15 years
SA - 9,95,000
Policy started - 2007

I would like to know if I need to continue paying premium for another 8 years
or
should I surrender the policy - How much will I get in hand finally
or
should I stop paying immediately as I'm due to pay in another 2 months
What will be the implications if I stop paying now and what will be the benefits that I will get after policy maturity.

139. Hello can someone help me how much money i will get if surrender my Policy details are posted below.

Policy Name- Jeevan Chhya
Policy No - 103

1. Policy Premium Quarterly - 3050
Term - 22
Vested Bonus - 48000
Sum Assured - 250000

2. Policy Premium Quarterly - 3809
Term - 18
Vested Bonus - 42000
Sum Assured - 250000

Thanks
-
P.K Nanda

140. I want to surrender my jeevan anand policy,annual premium 30850/-,term 20 years.Seven premium paid.Could you tell approx value i get on surrendering.

141. Hi, I started my LICI Jeeban Surabhi(25 y, T.No 108) in 2001. Premium is 3932 rs. half yearly, sum assured 1 lac. I want to surrender it now. How much amount will I get? vested bonus=77600 rs

142. I was fooled by an agent and took New Jeevan Anand policy of 5 lakh assured amount.. I have paid one half yearly premium of Rs.8000.. If I don't want to continue with this policy can you please suggest what should I do? shall I surrender if yes how much I will get? or just continue paying premiums till say 3 years or more years?

143. Dear Sir, I have a jeevan ananad 149 plan,the sum assured is 500000 and premium is 36547 rs Yearly for 6 years,plan term is 16.
Since this policy continues to give Life cover even after the maturity . Can i surrender this policy after getting maturity amount ? In the case of surrendering the policy , how much amount i will get for surrendering the policy of 5 lakhs sum insured for 6years post maturity. Thanks in advance!

144. If I would like the make my 20 year long policy paid up after 3 years.
Is my cover going to be (3/20) * Sum Assured OR (2/20) * Sum assured?
I am asking because your formula says to exclude the 1st year. But your example includes the First year (5/20)

145. i took a LIC policy in 2013 when i was NRI ( WORKING IN UK ON A WORK PERMIT). ANNUAL PREMIUM OF RS 160000. NOW I TOOK BRITISH CITIZENSHIP IN 2014 . DOES THAT AFFECT MY POLICY. IS IT BETTER NOT TO MAKE ANYMORE PAYMENTS ?? PLEASE ADVICE

I have a Jeevan Anand Policy taken in Year 2004. Term is 21 Years. So maturity is 2025.

Sum Assured is 5Lacs
I have paid all yearly premiums till date.

Can you tell me the final amount I will get under the following scenarios:

1. Don't Pay Any more Premium from today but wait till maturity
2. Don't Pay Any more Premium from today and Surrender Today
3. Continue to pay premium till maturity

I see that the Bonus vested is about 2.3 Lacs as of today.

What should I do?

Thanks,

147. Sir i have a jeevan anand policy of 500000 with monthly premium 1557 for 30 yrs.... how much loan can i take after 3 years

148. i have started my lic policy's 3 years back now i want to cancel my policy,will i get any amount from lic, if i cancel.

149. i have jeevan anand as per following details:
policy started on March-2006
Term : 20yrs
I want to discontinue this policy. How much amount will I GET??/

150. Hi ,

I have bought an LIC Jeevan Anand Policy in Nov 2010 . Sum Assured is Rs. 1200000/-. Policy Paying term is 21 years. Premium is Rs 5093/- per month. Currently the vested bonus shown on LIC website is Rs. 286800/-.
1) Should i surrender this and buy a Term Insurance and invest in some other SIP? If yes, then what will be the surrender money i would get back including the accrued bonus.
2) Should i just stop paying and wait for policy to get matured ?
3) Should i continue paying the Policy as it is.

151. Hi,

I took a policy last year for 25 years term, paying 8000 quarterly. But now I think it is better to put money somewhere else.
Pls advice how much I will be getting back and your view on closing down.

152. Sir/s, I am in a dilemma and wish to seek help whether i should surrender my policy or make it 'paid-up' now or after 5 years.
I have bought a Jeevan Saral Policy on 11/09/2012 with policy term of 26 years and monthly premium of Rs.5104/- I have paid premiums regularly till now i.e. 3.6 years. Please advise me what should i do to get maximum benefit. i am getting a surrender value of 1.2 Lakhs now. However, i wish to know if i should make it paid up now or after 5 years or should simply surrender now??
I wish to buy a term plan now and invest money in SIP for better returns.

153. I have a LIC Money Back policy started in 2012, due to family emergency I need to surrender to get the money. I have been paying Rs.20900 as Annual Premium. Please help me to know what would be the amount I might expect from LIC.

154. Sir I have an policy of jeevan Anand and my half yearly premium is 12578/- i have continued for 3 yrs now i want to surrender how much amount t get back from lic ,my policy for 15 yrs

155. I took a LIC policy in 2013 June. ANNUAL PREMIUM OF RS 30592. It has covered the period of 3yrs in the month of 2015 June and I want to surrender that in July 2016. How much money I will get? How to calculate this? Please share some easy calculation method.

156. Hello ,
First of all a heartly congratualtions to you for running such a successful blog. Now , pls help me out with my LIc policies. I am stuck in a big problem.
I have a LIc policy. I want to stop it . Please suggest me what can be the best possible method. Thank you in Advance.

LIC policy - 815
Term Duration – 16 years
DAte of Inception - 07.2014
Sa – 725000

a) If I were to surrender at 3 years, what amount will I get?
b) If I kept the policy as paid up after 3 years, what would I get at the end of the term?
c) Is it possible to put the policy for 'paid up' before 3 years are over.
D) In your post I read somewhere that it is prudential to pay for 5 years and then make the policy as paid up. What exactly is this???

157. I have four policies of lic i.e 4204, 3630,2800,3246 rs per year premium. I have deposited 4 premiums of two policies of 4204 and 3246 rs and two premiums of other two policies i.e 3630 and 2800 rs. If i want to surrender my policies how much can i get

158. I have four policies of lic i.e 4204, 3630,2800,3246 rs per year premium. I have deposited 4 premiums of two policies of 4204 and 3246 rs and two premiums of other two policies i.e 3630 and 2800 rs. If i want to surrender my policies how much can i get

159. I have four policies of lic total of 13000 rs yearly premium i have deposited 4 premiums if i surrender how much i can get back

160. Hi, i have paid premium of 35730 for 5.5 years for my jeevan anand. Sum assured=650000, term=20 years. How much would i get back if i surrender. please help me in understanding.

161. Hello,
I have a Jeevan Anand Policy (With Profits) in effect from 28 May 2010. I have paid all the premiums on time. The vested bonus on 28 May 2016 is 23900. I want to surrender the policy. Please tell me the surrender value I would get. Thank you very much in advance.

162. Hello ,

I have a LIc policy. I want to stop it . Please suggest me what can be the best possible method. Thank you in Advance.

LIC policy - 815
Term Duration – 25 years
Date of Inception - 01.2014
SA – 1200000+500000=1700000

a) If I were to surrender at 3 years, what amount will I get?
b) If I were to surrender at 5 years, what amount will I get?

I too wanted to stop my LIC policy. here are my details:

Policy Started in the year 2010
Sum Assured: 3,00,000
Bonus accumulated till now: 51000
Policy Term: 15 years
Premiums Paid from : 03/05/2010 till 03/05/2016
Money back with drawn : in the year of 2014, 30% of sum assured, i.e, Rs.90,000

Is it a wise decision to stop any more payments and surrender my policy? Let me know what is the best solution.

Nimesh

164. Heloos
Call me on this number.

Vikas
9953539255

165. this is a very insightful article.

I too was conned into getting this worthless policy, well, when I started my career and had absolute no knowledge on how this works.

I Pay a monthly premium of Rs. 4310 which translates to Rs. 51720 per annum. The Sum assured is 10,0000 and bonus vested till date is Rs. 145000.

I want to close this useless policy and instead invest this amount in Equity or debt.

I have following questions:

1. I have an ECS setup for the premium. How to I stop this? Will contacting bank to stop this ECS be sufficient or do I have to obtain some sort of authorisation from LIC?

2. How do I mark this policy as paid up? Will simply stopping the premium be sufficient?

3. In case I permanently want to stop this policy, how much loss would I be making?

166. Hi. Im paying 948 per month for last 42 month. Now i want to surrender my insurance so how much i get if i surrender my policy. My SA is 200000

I want to surrender my policy. Could you please help me with approximate surrender value. Below is the policy details

Policy : Jeevan Anand (149)
Sum Assured : 5,00,000
Policy Paying Term : 17 Years
Policy Term : 69 Years
Premiums Paid so far : 5
Vested Bonus : 91,500
Commencement Date : 07/07/2012

Thank you!!

168. Policy 149 jeevan anand
Sum assured 2,00,000
Vested bonus 54,800 up to 20th oct 2017
Policy benifits 2,00,000
Policy term 78 years
Commencement date 23/03/2011
Date of maturity 23/03/2089
20/10/2017 up to i paied 6 years
Now i want to surrender my policy so what is the amount i will get and is there life risk cover or not

169. Policy 149 jeevan anand
Sum assured 5,00,000
Policy term - 20 years
Installments premium 27,000 rs. per year
Vested bonus 850000
I paid the installments regularly for 5 years
Now i want to surrender the policy, Please guide me what is the amount i will get? f yearly
Nikhil