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.

Also Read  Loan Against LIC Policy: Now Apply Online

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. policy -makret plus(191)11

    total valu i given-25000

    fund- growth

    so if i surrender the policy how much money i received in current condition

  2. My Policy Name: Market Plus 1,
    Plan No. :1921
    My policy no-579294557
    Date of commencement-31/12/2009.
    Mode of primum: Single
    Total investment: 10,000/-
    Questions-Current cash value of my policy .
    kindly answer.
    Thank you
    Dipankar Das

  3. Let’s assume I have 1415.577 units of Market Plus 1 Growth fund. Now we need to check Today’s currnet market value.

  4. My first Policy Name: Market Plus 1,
    Plan No. :191
    My policy no-142496202,
    Date of commencement-15/07/2010.
    plan of term-10 Years
    Mode of primum: Single
    Total investment: 50,000/-

    and

    My second Policy Name: Market Plus 1,
    Plan No. :191
    My policy no-142496203,
    Date of commencement-15/07/2010.
    plan of term-19 Years
    Mode of primum: Single
    Total investment: 50,000/-
    Questions-Current cash value of my both policies .
    kindly answer.
    Thank you

  5. dear
    sir/madam

    my police no 502103202 please send me my police
    detail my email brjsrj@yahoo.com
    please air reply

    thanks

    Balram Jakhar

  6. i have profit plus- growth (188) lic policy no. 755823056. pl tell me units & current value.

  7. BALDEV SINGHH S/O DAULAT SINGH April 23, 2013 at 7:20 pm

    MY POLICY NAME : GROWTH (MARKET PLUS) PLAN NO. 188 MY POLICY NO. 132918511 DATE OF COMMENCEMENT 05/06/2009 PLAN OF TERM — 5 YEARS MODE OF YEARS 05/06/2013 PREMIUM — SINGAL TOTAL INVESTMENT = 1,25,000 Q. CURRENT CASH VALUE OF POLICY TODAY PLEASE ANSWER THANK YOU

  8. dhananjay kumar tiwari April 19, 2013 at 6:36 pm

    my policy no is 286456304
    wealth plus
    please tell my today cash value

  9. Radhacharan Singh April 17, 2013 at 5:49 am

    Please tell me my policy value of today .
    My policy no. 563551080
    Growth Fund
    Total investment 20000
    Policy year 2009

  10. My p no is 176893518.I want its today cash value,commencement date 26/03/2009,Plan 188,profit plus.
    i invested now 40,000.Pls send details my mail ID skumarsunil5680@gmail.com

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