#### raman07

##### Well-Known Member

- Messages
- 1,388

I have paid 2 premiums till now and the 3rd premiums date is 23rd Dec 2017. I want to surrender my policy. I want to know how much penalties I have to pay.

Since my policy is in guaranteed surrender value criteria. I should get some of my premiums money back. But I don't know how to calculate it. Can anyone please help me.

Date of commencement - 23rd Dec 2015

Sum Assured on Maturity - 89269 inr

Annualised Premium - 14750 inr

Policy Terms - 12 years

Premium Paying Terms - 8 years

Frequency Of premium Payment - Annual

I read some docs according to them Guaranteed Surrender Value for 2 years is 30% of percentage of total premiums paid + percentage of accured bonues & accured guranted aditions.

Does it mean i am going to get only 30000/100*30 = 9000rs only

This is huge loss.

Please clearyfy. Also how to calculate these bonues and aditions percentage.