How To Check The Cash Value Of Your LIC ULIP Policy in Just 60 Seconds!

ULIP Policy NAV: If you ever asked yourself, How do you check the current cash value of your ULIP policy? Then keep reading. Most of us don’t know how to calculate the maturity value or current cash value. You just guess the value, right? or maybe calling your LIC agent every month to check the value.

Calculating the ULIP Policy NAV is not as difficult as you may think. In this article, we will show you how to do it in a few simple steps. By understanding how to calculate the current cash value of your policy, you can be better prepared for the future.

The first step is to find the current value of your investment. This can be found on your most recent statement from the insurance company. The second step is to calculate the fees that have been charged by the insurance company. These fees can be found in the policy contract. The third step is to subtract the fees from the current value of your investment. This will give you the current cash value of your ULIP policy.

In this Digital India, you can get all the information about your policy anytime from your smartphone itself. Now, no need to call your agent or visit the branch.

To know the current cash value of your ULIP policy, you need to know the number of units you have. I hope you already know how many units you have in your policy.

LIC sends a separate letter to your postal address with the unit allotment details after bond papers are issued. If you are unable to find the allotted units, you can register on LIC Website. Once you have your account registered, you can enroll all your policies in your account to have a glance at all your policy in one place. To Enroll, you must have all your policy details handy. ie. Policy Number.

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Once you know the units, visit the LIC NAV page at www.licindia.in and locate the policy NAV.

For example:

Let’s assume you have 50,000 units of Market Plus 1 Growth fund.

  • Now we need to check today’s NAV.
  • At the time of writing Market Plus, 1’s NAV was Rs.23/unit (As of 8th August 2017)
  • Hence Current Cash value: 50000 x 23= 1150000

Your current Cash value will be Rs.1150000/-

As you know, NAV may go up or may go down as per the market condition. It’s good to keep checking the cash value of your investment once in six months.

Other ways to check your policy NAV

Your Branch: Your Branch will be able to tell you the exact value of your policy. Please contact your nearest LIC Branch.

Your Agent: Your agent has all the information about your policy, consider contacting them.

Customer Care: Call LIC Customer care and ask about your policy NAV and current value.

If you are looking for Traditional Policy status, you can check it here.

  1. gajendra dewangan December 7, 2014 at 11:50 am

    I want to see my policy status how much amount in my policy . please sir reply .
    policy no 386897193

  2. Send me the link of policy status page

  3. PLEASE SEND MY POLICY DETAILS IN MY EMAL ID
    POLICY NO=536078903
    TABLE NO=181

    THANKS

  4. Shambhu Nath Ram May 9, 2014 at 2:01 pm

    Dear Sir/ Madam Please send me maturity details of policy no 116157517 on above Email Id. Thank you.

  5. sushil kumar choudhary November 6, 2013 at 10:16 pm

    sir,
    kindly confirm my lic mutual fund policy no 523776594 latest value so can i decide for further plan

  6. My father was a LIC agent How i can check the amount invested by him in ulip plans of lic and last Funds Values

  7. Dear

    Sir / Madam
    My policy no is 153603270 Please send me my
    policy detail on my email id .
    I want to see my policy status how mutch amount in my policy . please sir reply .

    Thanku you

    Raj Kumar

  8. Dear

    Sir / Madam
    My policy no is 153603270 Please send me my
    policy detail on my email id .
    I want to see my policy . please sir reply .

    Thanku you

    Raj Kumar

  9. I have two ULIP Plans and I want to withdraw these amounts. I have been checking the cash value of my policy. sometimes I see the value at least with no loss. At that point of time I want to quit the policy then how to do that. Is it possible to quit lock is alarmed to when I need to lock the policy.

  10. Dear sir,

    My profit plus paln 188 policy for the sum assured of 300000 with premium paying term of 5 years is maturing on september 2013. it is a growth fund policy. how much return can i get in addition to sum assured. number of units alloted to me is 24162.616. present NAV is 11.74. please give information about the total amount i will get on october-2013 . is there any bonuses available to this policy . please give details if any.

    regards

    Gopa kumar ks

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