No further bonus will be added to the paid up value
27-Feb-2017 •Research Desk
If I make my LIC endowment a paid-up policy, will they still add and pay bonus at maturity? How do I get the current paid-up and surrender value of my LIC Policy?
- Raja S
Once you make the policy paid up, the amount gets locked for the remainder term which will only be paid out at maturity. No further bonus will be added to the paid up value. The paid up value will be be proportionate sum assured based on the number of premiums paid as compared to the the total premiums along with a portion of declared bonus. To get the exact paid up value and the surrender value of your policy, you can contact your insurer.