This calculator allows you to determine:
1. Paid-up value
2. Guaranteed Surrender value
3. Special Surrender value
of any non-ULIP insurance policy. The numbers should be exact for LIC policies since it uses their surrender value factors. This can be used as a crude estimate for other insurers provided a lower average bonus rate is used.
The above numbers are calculated with (a) no bonus, (b) bonus rates for each year of policy (up to 20 years) if known or (c) with an average bonus rate.
It tells if your surrender value is taxable or not.
It allows you to compare paid-up and surrender options. it has some useful notes on bonus rates and some info on when to do what (along the lines of the blog post). Relevant interesting links are also included.
- Insurance Policy Surrender Value & Paid-up Value Calculator
- OMG! Just Realized My Insurance Policies are Worthless! What do I do?
Connect with us on social media
- Twitter @freefincal
- Subscribe to our Youtube Videos
- Posts feed via: Feedburner
- We are also on Google Plus and Pinterest
Do check out my books
Get it now. The Kindle edition is only Rs. 199.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantMy second book is now only Rs 199 (Kindle Rs. 99) Get it or gift it to a young earner
The ultimate guide to travel by Pranav SuryaThis is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for ₹199 (instant download)
Free Apps for your Android PhoneAll calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)