HDFC Life Insurance Surrender Value
  • Surrender Policy Online
  • Required Documents to Surrender Policy
  • Steps to Surrender Policy
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How to Surrender HDFC Life Insurance Policy?

Do you want to surrender your HDFC Life Insurance Policy? Then you should read first, all the required underwriting for surrendering your policy.

In a world of instability, it's a must to protect our loved ones. No wonder the rising stake in our health and fortune has caused us insecurity. In this case, it becomes a necessity to have a life insurance policy. Hence surrendering your policy without completing its policy term is neither a good idea nor it'll fetch you the coverage benefits in an unexpected situation or when you need adequate money. In this article, we'll read the terms of surrender value, and the cost of surrendering HDFC Life insurance policy.

HDFC Life Insurance Surrender Value

HDFC Life Insurance surrender amount is equal to the entire premiums that the policyholder has paid so far. But excluding the first premium amount for any additional riders or other benefits.

Getting the entire maturity amount is not applicable if the policyholder surrenders before completing his/her policy tenure.

What is HDFC Life Insurance Policy Surrender Value Calculator?

The value of surrender for the HDFC Life insurance policy's amount is multiplied by the original sum assured with the number of total premiums paid. Then divide the calculative amount by the total premiums that are payable.

How Do I Surrender My HDFC Life Insurance Policy Online?

However, paying your premiums timely to continue your life insurance policy is highly suggested. However, there may be some instances that a policyholder may not be able to continue the policy and want to discontinue it. These are the steps one can follow to surrender their HDFC Life insurance policy.

Step 1 The policyholder needs to visit the nearest branch office of HDFC Life Insurance policy along with all the documents mentioned below.

Step 2 After reaching out to the customer care executives at the HDFC branch fill out the surrender policy application form.

Step 3 Submit all the documents with the application form, the mentioned documents are required to surrender the policy.

Documents Required to Surrender HDFC Life Insurance Policy

Surrender Policy:-

  • Original policy documents
  • A canceled cheque with the name of the policyholder on it
  • If the policyholder doesn't have a canceled cheque with a pre-printed name or account number, then a bank passbook with the policyholder's name and account number on it is required
  • Valid ID Proofs like PAN card, Voters ID, Aadhaar card, Driver's Licence, Passport, etc
  • Policy surrender/ Cancellation form
  • Latest contact details of the policyholder
  • NRE bank statement, if the NRE account is reflecting a premium payment, is done

Partial Withdrawal:-

  • The original documents of the policy
  • A copy of CI/YPD that's submitted to withdraw the policy request, the original documents should be kept during verification at the branch office
  • A canceled cheque with the policyholder's name on it
  • If the policyholder has no canceled cheque in his name, the bank passbook with the policyholder's name and account number on it is required
  • Valid IDs - Aadhaar card, Driving License, PAN Card, Passport, Voters ID, etc
  • Pay-out form
  • Latest contact details of the policyholder
  • NRE bank statement of premiums paid with the NRE account

Step 4 The executives at HDFC Life customer care will complete the procedures of surrendering your policy and then you'll be notified via mail/call.

How to Contact HDFC Life Insurance?

Below are the contact details of HDFC Life Insurance Company where you can get assistance with surrendering your policy, anytime.

Contact Type

Contact Details

Call1860 267 9999
Telephone(022) 67516666 (for Indians) (for NRIs)
Mailing AddressHDFC Life Insurance Company Limited, Lodha Excelus, 13th floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai, 400011

HDFC Life Insurance Surrender Value: FAQ's

1. Can I surrender my HDFC Life Insurance Policy after 1 year?

Yes, you can surrender your policy once the waiting period is completed. It depends on the type of your policy and its waiting period time frame.

2. How should I check the status of HDFC Life policy surrender?

All that you need to do is call the customer care executives of HDFC Life Insurance company on the company's toll-free number 1860 267 9999. Provide them with the details of your policy, name, policy number, date of birth, etc. to get more information related to your policy surrender status.

3. What is the refund percentage of policy surrender?

The refund of a policy surrender is generally 30% of the premiums depending on how many times have you paid your premiums.

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Simran Nirala

Written By: Simran Nirala

Simran has an experience of 3 years in insurance content writing. She transitioned from hospitality to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner she keeps her audience hooked and solves their doubts smoothly.