Calculators LIC plans New Money Back — 25 Years Surrender
LIC New Money Back — 25 Years surrender value
GSV for Plan 721 follows the standard money-back endowment table: approximately 30% of premiums at year 2, ~60% by year 8, and approaching breakeven around year 14–16. Any survival benefits already received are factored into the SSV calculation — the policy document sets out the exact Special Surrender Value table.
When (and when not) to surrender New Money Back — 25 Years
GSV for Plan 721 follows the standard money-back endowment table: approximately 30% of premiums at year 2, ~60% by year 8, and approaching breakeven around year 14–16. Any survival benefits already received are factored into the SSV calculation — the policy document sets out the exact Special Surrender Value table. Post-10-years, the policy loan route (up to 90% of surrender value) is usually more cost-effective than surrendering outright.
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.
Last updated · site changelog