Hi Friends,Most of the time i had seen that many customers have a problem to continue their LIC Policy and they want to surrender that policy for getting some of the amount.But there are many condition available for getting surrender value.There are some specific conditions available for some policies.But majorly 1 thing is compulsory in most of LIC Policy,that your policy should complete at least succesfull three year premium payments.All endowment or money back insurance plans accrue a surrender value after certain period.This surrender value will be very less compared to the premium you have already paid. Term insurance policies are pure protection plans and generally do not accrue any surrender value.
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