I purchased an LIC policy in the year 2017, the annual premium is 22000. Now I want to surrender the policy due to urgent financial needs. Can someone please tell the approximate amount that I will receive if I surrender my policy.
For a 3 lakhs S.A. ,15 years term the approx surrender value is 1.2L, It depends on the policy you picked, term for the policy, and sum assured. Please specify these things to know the exact money you will get Or download various LIC's applications to simplify the process of purchasing, managing, and tracking life insurance policies. Also you can check some third party online sites to calculate the surrender value of your policy.
