While Using the following Online LIC Surrender Value Calculator please follow some points given below:
- Choose the Policy Year Less Than the Policy Term.
- Policy Year means after how many years you want to Surrender Your Policy
- Policy Term Means How Long is Your Policy Term (Payment Term).
- Premium Paid for 1 Year, this is only Single Year Value, If your Policy is Monthly/Quarterly please add those values together for a single year and then enter.