The surrender value of an ICICI Prudential policy largely depends on factors such as the duration of your policy and the amount of premiums paid. Generally, the longer you've had the policy for, the higher surrender value you will receive.
You can calculate the surrender value of your ICICI Prudential policy by visiting the ICICI Prudential Life Insurance website and by using the ‘Surrender Value Calculator’. Here’s the link to the calculator: https://www.iciciprulife.com/customer-services/tools-calculators/surrender-value-calculator
When using the surrender value calculator, you'd need to provide the details of your policy such as the policy term and age at which the premiums were paid, the mode of premium payments, the total premium paid and the rider benefits if any.
After filling in all the required information, you’ll receive an estimated surrender value of your policy. However, It is advisable to connect with your relationship manager or customer care executive to check out the exact amount that you'd be able to receive from your policy, as the amount of money which you will eventually receive may vary based on other factors.
In case if you want to discontinue the policy and surrender it, you will receive the Surrender Value as a lump sum on surrendering the policy after cancellation of all the unpaid premiums and policy fees. This amount will be lower than the maturity value and will be based on the premiums paid and the duration of the policy.
