Insurance Surrender Value Calculator

What is Surrender Value?

Surrender value is the amount you receive if you choose to terminate your traditional life insurance policy (such as Endowment, Money Back) before its maturity.

Step 1: Enter Your Policy Details

The year when your policy commenced.
The total duration of your policy in years.
How you pay your premiums.
The year in which you last paid your premium.

Step 2: Provide Your Cover Details

The total amount assured by your policy.
The amount you pay each year for your insurance policy.
The bonus amount added to your policy till date.

How to use the Surrender Value Calculator?

Our Surrender Value Calculator is designed to provide you with a quick and easy way to estimate the surrender value of your endowment policy. Follow these simple steps to get started:

Step 1: Enter Your Policy Details

  • Policy Start Year: Enter the year when your policy commenced.
  • Policy Term: Enter the total duration of your policy in years.
  • Premium Payment Type: Select your premium payment type.
  • Last Premium Payment: Choose the year in which you last paid your premium.

Step 2: Provide Your Cover Details

  • Sum Assured: Enter the total amount assured by your policy.
  • Annual Premium: Input the total amount you pay each year for your insurance policy.
  • Accrued Bonus: If applicable, input the bonus amount added to your policy till date.

Result

Once you've entered all the necessary details, the surrender value calculator will display the estimated surrender value and other relevant information.

Disclaimer: This calculator provides an estimate only and should not be considered as financial advice. Actual surrender values may vary based on your insurer's specific terms and conditions. Please consult with your insurance provider for the exact surrender value of your policy.