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SBI life insurance policy surrender value calculator is an online tool that helps users calculate the amount they are eligible to receive as surrender value for their SBI life insurance policy. Let us see how you can use the SBI life surrender value calculator easily and efficiently online and calculate the surrender value online.
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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. Whenever you surrender your policy, you receive a certain premium amount (that you paid regularly) back from the insurer. This payment receipt is also called Surrender Value.
Term Plans
A surrender value of 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.
SBI Life Insurance Policy Surrender Value Calculator is a freely accessible online tool that helps you compute the estimated details of the SBI Surrender value. After providing some basic details related to your policy, you can easily calculate the SBI surrender amount in a quick and hassle-free manner.
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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.
Now, you can compute the exact surrender value in just a couple of minutes with the help of an efficient online tool known as the SBI life surrender value calculator. In order to obtain these details, you are required to enter some personal details such as policy term, premium payment mode, amount of premium instalment, number of years the plan has ended, premium paid amount, etc.
You can immediately access the SBI life Surrender value calculator online to compute the surrender value by submitting the required details online. The online SBI Life Insurance Policy Surrender value calculator promptly determines the surrender value of your SBI life insurance policy.
In case of Regular Premiums: No surrender benefits is offered
In case of single premium: The can be surrender at any time during the policy tenure. The payable surrender value is 70 percent of the single premium
In case of Limited Premium: The payable surrender value is: Surrender value factor X (unexpired policy term/ Original Policy tenure) X total paid premiums
| Policy Year | Surrender Value Factor (in %) |
| 1 | 0 |
| 2 | 30 |
| 3 | 40 |
| 4 to the last of PPT | 50 |
| For the remaining policy term | 70 |
With the convenient option to surrender policies, SBI Life insurance plans secure the future of policyholder’s family and also helps in emergency situations. With SBI life insurance policy surrender value calculator, it is easy and simple to know the surrender value of SBI Life Insurance plans. So, read every point carefully before surrendering your policy.
†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
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