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The SBI Life Insurance Policy Surrender Value Calculator is an online tool that helps you estimate how much money you will receive if you surrender your SBI Life Insurance policy before maturity. By entering basic policy details like premium amount, term, and duration paid, you can quickly check the surrender value applicable to your plan.
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Surrender Value of SBI Life Insurance is generally the sum payable by the life insurer when you decide to surrender or give up on your life insurance plan. It's the portion of the premiums you've paid, adjusted for bonuses (if applicable), policy type, and policy duration.
Term Plans
A surrender value of an SBI Life insurance policy can be attained in the following situations:
In this scenario, the surrender amount is acquired if the amount of premium is regularly paid for at least three consecutive years
In this scenario, the surrender value is obtained if the premium amount of policy is paid regularly for at least two successive years.
The SBI Life Surrender Value Calculator is a user-friendly online tool designed to calculate the surrender value based on your policy details. Just enter a few simple details, such as:
Policy type
Policy term
Premium paid
Payment Frequency
Years completed
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An SBI Life Insurance Policy Surrender Value Calculator is a flexible tool that helps easy and quick comparison of policies based on numerous factors. Using the SBI Life surrender value calculator, policy buyers can analyze their needs and make an informed choice about selecting the right policy.
Free and Simple to Use: The SBI life insurance policy surrender value calculator is simple and easy to use and can be accessed free of cost online.
Financial Planning: An SBI life surrender value calculator helps in planning your finances and making well informed decisions.
Accurate Results: The SBI life insurance policy surrender value calculator provides you with accurate results no matter how many times you use it.
Quick and Hassle-free: The SBI life insurance policy surrender value calculator can provide results in just a few minutes in a hassle-free way.
Policy Comparison: Compare surrender values across plans like:
SBI Life Smart Swadhan Plus Surrender Value Calculator
SBI Life Smart Wealth Builder Surrender Value Calculator
SBI Life Smart Platina Assure Surrender Value Calculator
SBI Life Retire Smart Surrender Value Calculator
SBI Life Smart Platina Plus Surrender Value Calculator
Surrender Value = Surrender Value Factor × (Unexpired Policy Term ÷ Original Policy Term) × Total Premiums Paid
Here's a sample Surrender Value Factor Chart:
| Policy Year | Surrender Value Factor (%) |
| 1st Year | 0% |
| 2nd Year | 30% |
| 3rd Year | 40% |
| 4th Year+ | 50% |
| After Premium Term | 70% |
Note: For single premium plans, the surrender value is generally 70% of the single premium, and surrender is allowed anytime during the policy tenure.
Loss of Life Coverage
Once you surrender the policy, your SBI life insurance protection ends immediately. Your family will no longer be financially protected in case of an unfortunate event.
Reduced Payout
If the policy is surrendered early—especially within the first few years—the surrender value is usually much lower than the total premiums paid.
Explore Alternatives First
Instead of surrendering, consider converting to a paid-up policy or taking a policy loan instead.
The SBI Life Insurance Policy Surrender Value Calculator is a valuable tool for policyholders wanting to make informed decisions. Whether you need funds for an emergency or are reconsidering your financial strategy, this SBI Life Surrender Calculator gives you a clear picture of your policy's worth at the time of surrender.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
Surrender Value = Surrender Value Factor × Paid-up Value + Bonuses (if any)
The surrender value depends on:
Example:
If you’ve paid ₹50,000 annually for 3 years:
Surrender Value = Surrender Value Factor × Total Premiums Paid.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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