#### How To Calculate Surrender Value Of Postal Life Insurance?

The paid-up value is calculated as original sum assured multiplied by the quotient of the number of paid premiums and number of payable premiums. On discontinuing a policy, you get special surrender value, which is calculated as the sum of paid-up value and total bonus multiplied by surrender value factor.

## What is the surrender value of PLI?

“Surrender value” of a policy, means the amount Life assured when on surrender of a policy for immediate cash payment.

## When can PLI be surrendered?

Policy Surrender: Policy can be surrendered after 3 years of completion. Policy will not be eligible for bonus if assigned or loaned before 5 years of completion else proportionate bonus on the reduced amount assured can be accrued if the policy is assigned for loan or surrendered.

## Can I withdraw my PLI before maturity?

No. You will get a portion of your money only if you have paid consecutive premiums for two years (if premium paying term is less than 10 years), and three years (if premium paying term is more than 10 years). If you surrender before this, you do not get back any money.

## What is my surrender value?

The surrender value is the actual sum of money a policyholder will receive if they try to access the cash value of a policy. Other names include the surrender cash value or, in the case of annuities, annuity surrender value.

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## How do you calculate maturity value of PLI?

Process of Using PLI Maturity Calculator

1. Input the Sum Assured amount.
2. Input the year of purchase of the policy.
3. Input the current age of the customer.
4. Input the maturity age of the customer.
5. Once the customer clicks on the “Calculate” button, the results will be displayed on the screen.

## Can I withdraw PLI?

You are allowed to partially withdraw money only after the completion of 5 policy years and also only if all due premiums have been paid on time and the policy is in force.” Let us assume you bought a unit linked life insurance plan whose fund value is Rs 2 lakh after five years into the policy term.

## How do I write an application to surrender a policy?

Due to some financial issues at my personal end, I am compelled to surrender this policy because I will not be able to manage this policy and moreover, I will have handsome amount of money which I will be able to use for handling the economic situations I am facing at the present.

## Is calculated on paid up value?

Paid-up value is usually calculated as number of paid premiums X sum assured /total number of premiums.

## How is the cash value of a life insurance policy calculated?

To calculate the cash surrender value of a life insurance policy, add up the total payments made to the insurance policy. Then, subtract the fees that will be changed by the insurance carrier for surrendering the policy.

## What is minimum guaranteed surrender value?

Most insurers offer two options: a minimum guaranteed surrender value, which is a regulatory requirement, and a non-guaranteed surrender value. The guaranteed surrender value is a fixed percentage of your premiums—typically, it is around 30-35% of all the premiums paid minus the first year’s premium.

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