Check the policy surrender eligibility
Review the policy terms and surrender value details
Keep policy bond and premium payment receipts ready
Fill the LIC surrender/discharge form
Attach a cancelled cheque or bank passbook copy
Attach identity proof and address proof if required
Submit the surrender request at the LIC branch servicing the policy
Submit all required original documents
Wait for verification by LIC
Receive the surrender value in the registered bank account
Contact the LIC branch or agent for any missing document requirements