Your policy, explained.

Endowment plan · Krishna Jeevan Nidhi · Krishna Life Insurance Ltd · ••••8826

Illustrative

Endowment plan · Policy held

Started15 Mar

Surrender value, insurer's quote

₹2,46,000

for ₹3,60,000 paid in · as on 20 Oct 2026

So far, if surrendered today

-12.25%

a year · ₹1,14,000 less than paid in

From today, if you continue

1.59%

a year, guaranteed benefits only

Matures

15 Mar 2041

₹9,42,000 guaranteed

An endowment plan with bonuses from Krishna Life Insurance Ltd: ₹60,000 a year for 15 years, over 20 years, with ₹7,50,000 of life cover. ₹9,42,000 is guaranteed at maturity; bonuses come on top but aren't guaranteed. That's about 0.35% a year on guaranteed benefits only. The 4% and 8% figures are illustrations IRDAI requires, not forecasts.

Myra's most important observations

The real return

Calculated

	Paid back	A year
Guaranteed benefits only	₹9,42,000	0.35%
4% illustration (not guaranteed)	₹10,20,000	0.96%
8% illustration (not guaranteed)	₹15,60,000	4.20%
Premiums paid in	₹9,00,000

The yearly return (IRR) accounts for when each rupee goes in and comes back, so it can be set beside a deposit's rate. The 4% and 8% rows are the two scenarios IRDAI makes every insurer illustrate: not forecasts, promises or expected returns. Life cover is on top.

Tax on the payout

Tax-free

Premium as % of the sum assured8.0% · limit 10%
Premiums a year, across policies issued from 1 Apr 2023doesn't apply: issued before
TDS on a taxable payout (payouts of ₹1,00,000 or more a year)2% of the income part

Schedule II (Sl. No. 2) of the Income-tax Act, 2025, formerly section 10(10D): tax-free while both tests are met. TDS isn't the final tax: a taxable gain is taxed at your slab in your return, and TDS counts towards it. The death benefit is always tax-free.

Life cover

12.5× the premium

₹7,50,000 is paid if the life assured dies during the term. IRDAI's minimum is 10 times the yearly premium at entry age 30.

Surrender, paid-up or continue

Surrender quote p.1, Quote · Policy statement p.1, Premiums · Policy statement p.1, Bonus

Looking back · already happened

Paid in so far₹3,60,000
So far, if surrendered today-12.25% a year

Looking forward · what the choice changes

Surrender now (insurer's quote)₹2,46,000
of which: guaranteed surrender value₹1,08,000
special surrender value₹2,46,000
Paid-up, at maturity (estimate)₹4,92,000
of which: reduced sum assured · bonuses already added₹3,00,000 · ₹1,92,000
From today, if you continue (guaranteed)1.59% a year
From today, if you continue (4% illustration)2.30% a year

Sold before 1 Oct 2024: the guaranteed surrender value is payable after two full years' premiums; the special surrender value follows the plan's filed terms; the higher is paid. What's already paid is the same whichever you choose, so the choice turns on the figures looking forward, and on the cover: surrendering ends it, paid-up reduces it to about ₹4,92,000, continuing keeps ₹7,50,000.