LIC Amritbaal surrender value

When (and when not) to surrender Amritbaal

Amritbaal follows the standard non-par endowment surrender framework. GSV is available after 2 full years' premiums (or immediately for the single-premium variant after the free-look period). Practical year-by-year for the limited-pay variant: years 1–2 recover 30–40% of premiums; year 5 around 70% (helped by the short PPT — cumulative premiums are a small denominator); post-PPT the surrender value continues to grow with accrued GAs but is heavily penalised in the discount applied. For the single-premium variant the surrender curve starts at roughly 75% of single premium and grows steadily. Vested GAs are surrendered at a 30–50% discount to face value. The premium waiver rider, if taken, has no surrender value of its own. Surrender on a child plan is structurally more painful than on a personal endowment because the corpus has been earmarked for a milestone — consider a policy loan instead.

Generic mechanics

Surrender mechanics for Jeevan Labh follow LIC's standard endowment formulas — the Surrender Value guide walks through the GSV factor table and SSV calculation with worked examples. You can also convert the policy to paid-up instead of surrendering, which keeps the cover (at a reduced sum assured) without further premiums.

Run your own number

Plug your premium, year of surrender and vested bonus into the surrender calculator to get an estimate for your specific policy year.