LIC New Jeevan Anand surrender value

When (and when not) to surrender New Jeevan Anand

Jeevan Anand surrender mechanics are identical to a standard endowment — GSV after 2 full years, SSV from year 5+ — with one critical caveat unique to this plan: surrendering at any point forfeits the post-maturity sum-assured cover that normally continues until age 100. Because the post-maturity cover is the plan's defining differentiator and is effectively a free term policy, surrender is structurally more painful here than for Plan 714 or 736. Year-by-year the recovery curve is similar (30–40% in years 1–3, 60% by year 5, breakeven around year 10–12), but the implicit cost is meaningfully higher because of what you give up. Surrender at year 20–25 to access the lump sum and walk away from the lifetime cover is a common but rarely optimal choice; consider a policy loan first — it leaves the cover intact.

Generic mechanics

Surrender mechanics for Jeevan Labh follow LIC's standard endowment formulas — the Surrender Value guide walks through the GSV factor table and SSV calculation with worked examples. You can also convert the policy to paid-up instead of surrendering, which keeps the cover (at a reduced sum assured) without further premiums.

Run your own number

Plug your premium, year of surrender and vested bonus into the surrender calculator to get an estimate for your specific policy year.