Calculators LIC plans New Children's Money Back Surrender
LIC New Children's Money Back surrender value
GSV is nil for the first 3 years, then approximately 30% of premiums paid from year 3, rising toward 50–60% by years 8–10. The Special Surrender Value table (in the policy document) typically exceeds GSV after year 10.
When (and when not) to surrender New Children's Money Back
GSV is nil for the first 3 years, then approximately 30% of premiums paid from year 3, rising toward 50–60% by years 8–10. The Special Surrender Value table (in the policy document) typically exceeds GSV after year 10. Early surrender is economically painful — treat this as a 15–25-year commitment. PWB-adjusted policies (where the proposer has died and premiums are waived) cannot be surrendered by the child beneficiary until they reach majority.
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.
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