Paid Up Value Calculator

Depending on your life situation, you may be finding it challenging to continue making premium payments on your insurance policy. But what happens to the sum assured if you stop making payments? Do you lose everything you have invested? If you are wondering about these questions, then the concept of policy paid-up value is essential for you to understand.

View Policy Performance

Plans that may interest you!

Indiafirst Life Guaranteed Single Premium Plan

Product Image
Product Name: Indiafirst Life Guaranteed Single Premium Plan
Dropdown Field: Guaranteed Returns
Product Description: Wondering if there is a way to get 7x return on your investments? Your search ends here!
Product Benefits: Guaranteed 7x returns on investment
One-time payment (Single Pay)
Life Cover that is 1.25 times higher
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Guarantee of Life Dreams Plan

Product Image
Product Name: IndiaFirst Life Guarantee of Life Dreams Plan
Dropdown Field: Guaranteed Returns
Product Description: Wouldn't it be wonderful if we had a second source of income to support our dreams? Here is a way to make your dreams come true.
Product Benefits: Choice of 3 income Options
Guaranteed Long-Term Income
Life Insurance Cover
Benefits of long-term Savings.
Protection even if you miss one premium.
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Radiance Smart Invest Plan

Product Image
Product Name: IndiaFirst Life Radiance Smart Invest Plan
Dropdown Field: Investment
Product Description: Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.
Product Benefits: Zero Fund allocation charges
10 different funds to choose from
3 plan options
100% money invested for higher returns
Life cover
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

What are the benefits of paid-up calculator

Paid-up value refers to the amount that a life insurance policy is worth after the policyholder stops paying the premiums.

Policy Paid Up Value

A policy can continue functioning even after it reaches a policy paid-up value which is generally after 2-3 annual premiums paid for it.

Life Cover Benefit

While you can continue to enjoy the life cover benefits of a paid-up policy, keep in mind that the sum assured upon maturity will be a reduced one.

Cash in

In a paid-up life insurance policy, you can withdraw the money from the policy.

How do Retirement Calculators work?

How to calculate Paid-up value of an insurance policy?

The paid-up value of an insurance policy is proportional to the premium payments. It is calculated using the paid-up value formula, which is: Paid-up value = [(Number of years for which premium has been paid/Total policy term) * (Total Sum Assured)]

Knowledge Center

Blogs Podcasts Videos

View All

term insurance

What Is Level Term Insurance? Meaning, Types, & Benefits Explained

IndiaFirst Life • 25 Nov, 2024

term insurance

Understanding Yearly Renewable Term Insurance

IndiaFirst Life • 25 Nov, 2024

investment

Investment: Understanding Its Importance, Types & Benefits

IndiaFirst Life • 25 Nov, 2024

Financially Speaking ft. Bikash Choudhary

By Bikash Choudhary • 01 Dec, 2023

Financially Speaking ft. Dr Poonam Tandon

By Poonam Tandon • 01 Dec, 2023

Financially Speaking ft. Munish Bhardwaj

By Munish Bhardwaj • 05 Aug, 2023

IndiaFirst Life | Create a Guaranteed 7X Legacy for Your Family!

IndiaFirst Life • 13 Sep 2023

IndiaFirst Life | Your retirement will be carefree and light when planned with wisdom and foresight

IndiaFirst Life • 01 Mar 2023

IndiaFirst Life | Your dream celebration has a plan! #ShaadiHoTohAisi

IndiaFirst Life • 13 Jan 2023

View All

Frequently Asked Questions

When does a policy become paid up?

Answer: An insurance policy is considered a paid-up policy when you stop paying the premiums after a specified period and the policy continues with a reduced sum assured known as paid-up value. Typically, policy premiums need to be paid for at least three years after the you purchase it for it to become paid-up.

If premium payments are stopped after a specified period, typically 2-3 years, then the policy continues with a reduced sum assured even if you no longer make any premium payments. Such a policy is set to have reached paid up value in life insurance. Use the IndiaFirst life paid up calculator to understand the cash value of your paid-up policy.

How is paid-up value calculated?

Answer: The paid-up value of any policy is calculated using the paid-up value formula. The IndiaFirst Life Paid-up Value Calculator takes the guesswork out of the calculation for you. Simply enter the required details such as the policy number and your date of birth to get an automatic calculation of paid-up value based on the premium paid tenure, policy tenure and sum assured.

What is paid up value and surrender value?

Answer: If you want to stop paying the premiums on your insurance policy before the end of the policy tenure, you have the option to discontinue or surrender your policy. At this time, you stand to receive a surrender value which depends on the number of policy years completed, premiums paid, and bonuses, if any.

What does it mean if a policy is paid up?

Answer: When a policy reaches paid up value in insurance, it continues to provide the policyholder benefits till maturity even though no further premium payments are made on it. A policy can continue functioning once it reaches policy paid-up value which is generally after 2-3 annual premiums are made on it. Under the paid-up value option, your policy no longer accumulates future bonuses. Calculate the paid-up value of life insurance using the IndiaFirst life paid up calculator.

Can you surrender a paid-up policy?

Answer: Yes, you can surrender an insurance policy that has reached paid-up value. If you do not surrender it, the paid-up policy continues to provide your life cover at a reduced sum assured. However, if you need the money invested in the insurance policy, you can choose to surrender the paid-up policy. In this case, a surrender value based on the number of years remaining in the policy and the amount yet to paid. To understand how much you will receive upon surrender, calculate the paid-up value of the life insurance policy with the IndiaFirst life paid up calculator.

Can you cash in a paid-up life insurance policy?

Answer: Yes, you can cash in a paid-up life insurance policy. Paid-up value indicates that your policy has received enough premium input to cover you till the policy tenure runs out even if you make no additional premium payments on the policy. You can choose to surrender such a paid-up policy and end the benefits so as to withdraw the money from the policy. Calculate the exact policy paid-up value with the help of the IndiaFirst life paid up calculator.

Does my insurance cover remain the same if I make my policy Paid-up?

Answer: In case your policy reaches paid-up value and you cease to make any future premium payments on the policy, the plan continues to function and offer you life cover till the end of the policy term. However, the sum assured associated with the policy is reduced in proportion to the premiums paid.

What about additional benefits of my policy after post paid-up?

Answer: While you can continue to enjoy the life cover benefits of a paid-up policy, keep in mind that the sum assured upon maturity will be a reduced one. Other benefits such as the accrual of annual bonuses stop if your policy has lapsed and become a paid-up policy. Calculate paid-up value with the paid-up life insurance calculator.

What are the Limitations of Paid-Up Value?

Answer: With a paid-up policy, you can choose to no longer make premium payments while still enjoying life cover. However, there are some limitations of paid-up value. The premiums on the life insurance policy need to have been made for at least 2-3 years for it to have reached paid-up value. The entirety of your premium payment does not go towards creating paid-up value. Some part of it gets directed towards expenses and commissions. This is why it takes a few years to build paid-up value. Use the IndiaFirst life paid up calculator to understand your policy’s paid-up value in life insurance.