Home |Life Insurance | Will I get an accrued bonus if I surrender my LIC policy post 3 yrs of premium payment? And also which option is better, surrendering the policy with 30% of the premium amount or leave it as paid up till the maturity period?

Will I get an accrued bonus if I surrender my LIC policy post 3 yrs of premium payment? And also which option is better, surrendering the policy with 30% of the premium amount or leave it as paid up till the maturity period?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on November 15,2022

If you have surrendered then it gets a paid up value which remain same for full term . Only benefit is you remain covered for reduced sum assured . But you are not entitled for any bonuses .

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