DLF Dhansuraksha

1. 

   Anonymous
   

   Unregistered
   
   

   Reputation:0

    

   Sir/Madam,

   I would like to know how to count surrender value for DLF Pramerica's Dhan Surksha scheme. for example if I have insured for 100,000/- for 15 years but if i decide to surrender after 5 years what will be my surrender value.

   Posted 1 year ago #
2. 

   Ami
   

   member
   Joined: Jun '09
   Posts: 10

   Reputation:13

    

   Surrender value (S.V) for ULIP plans

   In case of Ulip Policy Surrender Value is (generally) the actual reedemption value of the Total Units based on the NAV for that date less any charges like surrender charges, pre-mature withdrawl charges etc. etc. if, any.

   In simple words, for ULIP policy (generally) :
   Reedemption value = S.V. subject to deduction of charges,if any

   Surrender Value (S.V) for Non-ULIP plans

   S. V. is calculated taking into account the bonus and the total premium paid. To know the S.V. one needs to arrive the Paid-up value:-

   Paid-up Value = Part A + Part B

   Part A =

   [ No. of years premium paid
   ------------------------- X Sum Assured ]
   policy Term

   Part B =

   [ Bonus X S.A.
   ------
   1000 ]

   Surrender value =

   Surrender Value Factor X Paid -up Value
   ---------------------------------------
   100

   S.V. Factor are available with insurers.

   Posted 1 year ago #
3. 

   devanand
   

   senior admin
   Joined: Jun '09
   Posts: 101

   Reputation:104

    

   http://www.bimaworld.com/forums/topic/what-is-difference-between-policy-surrender-038-policy-paidup

   IBS

   Posted 1 year ago #
4. 

   Anonymous
   

   Unregistered
   
   

   Reputation:0

    

   Thank a ton Ami and Devanand your help is appreciated.

   Posted 1 year ago #

Reply