Name: Policy Health Check
Brand: CoverSure
Price: 99 INR
Availability: InStock

Question 1

How do I find the surrender value of my New Endowment policy?

Accepted Answer

Enter the details from your New Endowment policy bond or premium receipt and the report estimates the Guaranteed Surrender Value from LIC's published terms. LIC pays the higher of this and its Special Surrender Value, so the amount LIC quotes may be higher. Confirm with LIC before surrendering.

Question 2

What return does New Endowment actually give?

Accepted Answer

The report works out the yearly return implied by your premiums and the expected payout, and shows it next to PPF and fixed deposits. Future bonuses are estimates and not guaranteed, so the actual return can differ.

Question 3

Should I surrender my New Endowment policy?

Accepted Answer

That decision is yours. The report lays out continuing, making the policy paid-up and surrendering with the numbers for each, without recommending one. It is not investment or tax advice.

Question 4

Is this an official LIC calculator?

Accepted Answer

No. CoverSure is independent and not affiliated with LIC. Figures are our estimates from LIC's published plan terms and bonus declarations; confirm them with LIC.

LIC's New Endowment Plan calculator: surrender value and real return