Get the surrender value in your LIC Aadhar Stambh Policy. Use the surrender Value Factors to know the Guaranteed Surrender Value in this plan.
Guaranteed Surrender Value in LIC Aadhar Stambh Plan – Table No. 843
If for some reason, you wish to surrender your LIC Aadhar Stambh Plan, the tables below will show the amount that will be returned back to you. You will need the Surrender Value Factors which are mentioned below to know the exact amount. You get back a part of the premium paid by you. So here is how it works.
If only 2 years’ premiums have been paid – Nothing is paid back to you. For the rest, use the table below
Note – The tax component is not returned. So the % is on the premium without tax.
| Surrender Year | Policy Term | |||||
| 10 | 11 | 12 | 13 | 14 | 15 | |
| 1 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 3 | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% |
| 4 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 5 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 6 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 7 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 8 | 65.00% | 60.00% | 57.50% | 56.00% | 55.00% | 54.29% |
| 9 | 80.00% | 70.00% | 65.00% | 62.00% | 60.00% | 58.57% |
| 10 | 80.00% | 80.00% | 72.50% | 68.00% | 65.00% | 62.86% |
| 11 | 80.00% | 80.00% | 74.00% | 70.00% | 67.14% | |
| 12 | 80.00% | 80.00% | 75.00% | 71.43% | ||
| 13 | 80.00% | 80.00% | 75.71% | |||
| 14 | 80.00% | 80.00% | ||||
| 15 | 80.00% | |||||
| 16 | ||||||
| 17 | ||||||
| 18 | ||||||
| 19 | ||||||
| 20 | ||||||
| Surrender Year | Policy Term | ||||
| 16 | 17 | 18 | 19 | 20 | |
| 1 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 3 | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% |
| 4 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 5 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 6 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 7 | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
| 8 | 53.75% | 53.33% | 53.00% | 52.73% | 52.50% |
| 9 | 57.50% | 56.67% | 56.00% | 55.45% | 55.00% |
| 10 | 61.25% | 60.00% | 59.00% | 58.18% | 57.50% |
| 11 | 65.00% | 63.33% | 62.00% | 60.91% | 60.00% |
| 12 | 68.75% | 66.67% | 65.00% | 63.64% | 62.50% |
| 13 | 72.50% | 70.00% | 68.00% | 66.36% | 65.00% |
| 14 | 76.25% | 73.33% | 71.00% | 69.09% | 67.50% |
| 15 | 80.00% | 76.67% | 74.00% | 71.82% | 70.00% |
| 16 | 80.00% | 80.00% | 77.00% | 74.55% | 72.50% |
| 17 | 80.00% | 80.00% | 77.27% | 75.00% | |
| 18 | 80.00% | 80.00% | 77.50% | ||
| 19 | 80.00% | 80.00% | |||
| 20 | 80.00% | ||||
Let us understand how this works with the help of an example.
Suppose Anurag has taken the Aadhar Stambh plan with a cover of Rs. 1,00,000 and a policy term of 20 years. His Annual Premium was Rs. 3,646 + taxes.
He paid the premium for 7 years. Now due to a financial crunch, he decided to surrender the plan. This is the amount he will get on surrendering the plan.
Premium Paid so far = 7 x 3,646 = Rs. 25,522
Surrender Value Factor for premiums = 50% (marked in the blue in the 1st table)
Guaranteed Surrender Value of Aadhar Stambh after 7 years = Rs. 25,22 x 50% = Rs. 12,761
This is the Guaranteed Surrender Value. A Special Surrender Value maybe paid by LIC – this value can only be known at the time of actual surrender.
To know more about how this plan works – Read the LIC Aadhar Stambh Review.
In case you have any questions on this, please drop a comment and we will get back to you.
