LIC Nav Jeevan Shree surrender value

When (and when not) to surrender Nav Jeevan Shree

Plan 912 falls under the post-October-2024 IRDAI surrender framework. GSV is available after just one full year's premium (down from two/three earlier), and SSV is benchmarked against the prevailing G-Sec yield + 50 bps from year one onwards — a meaningful improvement over older endowments. Practical implication for limited-pay variants: the surrender curve breaks even faster (often by year 4–6 because cumulative premiums build quickly), and post-PPT the surrender value continues to grow with the accruing bonuses but is reduced by the standard 25–40% discount on vested SRB. Loan against policy is available from year 2 onwards. We will publish a year-by-year surrender table once we have the official illustration tables.

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.