Check a non-linked life-insurance surrender quote against the guaranteed floor. It computes the floor only, not the insurer’s special surrender value or maturity amount.
If the quote is above the guaranteed floor, is the insurer right?
Not automatically. The rules say the policy acquires a special surrender value if that is higher, and this page does not compute that insurer-filed figure. Above the floor means only that the quote is not below the statutory minimum this page can prove.
Why does the page sometimes refuse to price a policy year exactly?
Because the rule text does. Beyond the explicitly stated year bands, the regulations say the surrender value is filed by the insurer and must follow a smooth progression. A page that guessed a middle-year percentage would be inventing law, which this site does not do.
Does this cover ULIPs or linked policies?
No. This page is for the non-linked life-insurance path sourced in the 2019 non-linked product regulations and the 2015 surrender and paid-up regulations. Linked products follow a different rule set.
Does this calculate maturity value?
No. Maturity value is a different question from surrender. This page checks the minimum surrender floor only and does not forecast what a policy pays if it runs to the end.
Why does survival benefit already paid come off the premium pool?
Because the percentages the rule text states are on total premiums paid less any survival benefits already paid. A money-back policy that has already returned part of the premium does not get the same base twice.