LIC New Jeevan Sathi (Limited Premium): keep, make paid-up or surrender?
The three paths for your policy at the year you are in, side by side, from the official brochure. BullTimes describes the numbers; the choice is yours.
Checked: our engine reproduces LIC's own benefit illustration for this policy to the rupee (182 figures compared). How we check.
At the end of policy year 5 of 25, with ₹4,18,250 paid in premiums so far. Premiums already paid are the same on every path; what differs is what each path costs from here and what it returns.
Keep paying
Pay the remaining premiums; cover continues and the maturity benefit is paid at the end of the term.
- Paid to you now
- ₹0
- Premiums still to pay
- ₹8,36,500
- At maturity (year 25)
- ₹27,61,669
- Cover on death from now
- ₹10,00,000
- Return, from the start
- 4.38%
- Return, from today
- 5.89%
Make it paid-up
Stop paying; the policy stays in force with a reduced sum assured, paid at maturity or on death.
- Paid to you now
- ₹0
- Premiums still to pay
- ₹0
- At maturity (year 25)
- ₹4,31,204
- Cover on death from now
- ₹4,31,204
- Return, from the start
- 0.13%
- Return, from today
- 3.32%
Surrender
End the policy now and take the surrender value; no cover from today.
- Paid to you now
- ₹2,24,344
- Premiums still to pay
- ₹0
- At maturity (year 25)
- ₹0
- Cover on death from now
- None
- Return, from the start
- -20.09%
How these are calculated
- Surrender value: the Guaranteed Surrender Value from the brochure factors, the same figure as the surrender calculator.
- Paid-up: sum assured × premiums paid ÷ premiums payable, plus the Guaranteed Additions accrued to date.
- Return from the start: the IRR of every premium paid against what the path pays. Return from today: the IRR of the surrender value you would give up today plus the premiums still due, against what the path pays. It is the return on staying in, compared with taking the surrender value now.
- Special Surrender Value is determined internally by LIC and reviewed per IRDAI Master Circular IRDAI/ACTL/MSTCIR/MISC/89/6/2024. This calculator computes the Guaranteed Surrender Value exactly; the actual surrender value paid is the higher of GSV and SSV.
- Paid-up values keep the Guaranteed Additions accrued to date; additions after that are not counted here, so the paid-up figures are a floor.
- Premiums exclude GST. Tax on any payout depends on the policy and on you, and is not modelled.
Term cover plus investing the difference
The same ₹83,650 a year, split into a term plan premium for ₹10,00,000 of cover (enter a quote you have; we name no insurer) and the rest invested. Your own assumptions; not a recommendation. Method
After tax, as you expect it. Starts at this policy's own return.
Enter a term premium to see the comparison.
Educational & neutral
BullTimes Insurance Lab is educational and neutral. It does not recommend buying or rejecting any policy — it presents the numbers so you can decide.
This analysis is based on the official policy brochure and user inputs. Actual benefits are subject to the insurer’s policy terms and conditions.