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  What is NAV And How It Is Important?

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. SUKHWINDER SINGH July 6, 2012 at 4:38 pm

    Res/Sir/Madam,
    Please tell me total cash value including with surrender value with today market, my policy no. is 163894690 ULIP Plan MARKET PLUS.

    Thanks with regards!
    Sukhwinder Singh.

  2. I have two welth plus policy.policy no is 823936168 & 823936169.
    Please send me fund value of my both policies.
    Give me information about
    Nav& allotted units of both
    policies.

  3. please give me amount of my policy no. 331012356 after maturity maturity date is 28.5.2012

  4. arun parashar May 9, 2012 at 2:17 pm

    my policy no-343837957 188-20 please today cash fund value

  5. pls tell me how much my policy cash value today, policy NO.776745340

  6. Navneet chhibber May 4, 2012 at 10:08 pm

    I want to know the fund value of my policy . Markit plus . Its no is 176101713 .plan no 181. And I want to surrender my policy.

  7. subir gangopadhyayApr 26-04-2012 @1200 Noon April 26, 2012 at 12:21 pm

    Ihave a lic policy TT180-20. Policy no123897031.Branch unit-122. I have diposited Rs30000 continus.Iwant to withdrall my policy in May 2012.Kindly help me about my total amount and to whom I suppose to meet. Thanking you. Yours faithfully.Subir gangopadhyay .

  8. subir gangopadhyay April 26, 2012 at 12:10 pm

    Ihave a lic policy TT180-20. Policy no123897031.Branch unit-122. I have diposited Rs30000 continus.Iwant to withdrall my policy in May 2012.Kindly help me about my total amount and to whom I suppose to meet. Thanking you. Yours faithfully.Subir gangopadhyay

  9. Dear

    Sir / Madam
    My policy no is * 272450072 And 272450073 * Please send me my
    policy detail on my email id .
    I want to see my policy . please sir reply .

    Thanku you

    Ambika
    prasad

  10. Dear

    Sir / Madam
    My policy no is * 272450072 And 272450073 * Please send me my policy detail on my email id .
    I want to see my policy . please sir reply .

    Thanku you
    Ambika prasad

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