Estimate what LIC will pay if you surrender your policy today — and see the two alternatives that usually make more financial sense.
Most LIC endowment plans declare ₹40–₹50 per ₹1,000 sum assured. ₹45 is a reasonable default.
Estimated surrender value today
₹2.14 L
You paid in premiums
₹2.50 L
Loss if you surrender
₹36,250
Estimate for traditional endowment plans (higher of guaranteed and special surrender value: GSV ₹1.81 L · SSV ₹2.14 L). Exact value varies by plan — confirm on the LIC portal or branch.
1. Surrender now
Usually worstGet ₹2.14 L today. You lock in a ₹36,250 loss versus premiums paid, and lose the life cover of ₹10.00 L permanently.
2. Make it paid-up (stop paying, keep the policy)
Often bestStop paying premiums. The policy continues with a reduced sum assured of about ₹4.75 L, paid at maturity (or death). No more outflow, nothing surrendered at a loss.
3. Take a loan against the policy
If you need cashBorrow up to ~₹1.92 L (90% of surrender value) from LIC at rates far below personal loans, while your policy and cover stay fully alive.
Rule of thumb: the closer you are to maturity, the worse surrendering gets — your surrender factor is highest in the final 2 years, and bonuses keep accruing. Surrender generally makes sense only if the policy is young (2–4 years old) and the freed-up premium will genuinely be invested better.
Are you an insurance agent?
Customers asking about surrender is your #1 retention moment. InGrowIQ tracks every policy, renewal, and follow-up so you catch them before they walk into the branch.
Try InGrowIQ freeDisclaimer: This calculator gives indicative estimates for traditional LIC endowment-type plans using standard GSV/SSV factor ranges. Actual surrender values depend on your specific plan, LIC's published factors, and declared bonuses. Always confirm the exact quote from the LIC portal, customer zone, or your branch before deciding. ULIPs follow different rules.