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.
Download the Insurance Policy Surrender Value and Paid-up Value Calculator
Thank you for reading. You may also like
Freefincal has open-source, comprehensive Excel spreadsheets, tools, analysis and unbiased, conflict of interest-free commentary on different aspects of personal finance and investing. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. We do not accept sponsored posts, links or guest posts request from content writers and agencies.
Do more with freefincal!
Blog Comment Policy
Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.