MoneyLens / Life insurance & savings
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
Prefilled from your policy · edit freely
The real return: what the policy earns a year
Prefilled from Policy statement p.1, Benefits · Policy p.2, Illustration
₹60,000
15 years
20 years
₹9,42,000
30%
Yearly return
0.35%₹9,00,000 in · ₹9,42,000 back
A taxable deposit would need
0.51%before tax, at a 30% slab, to match (the payout is tax-free)
Money paid back years later is worth less than money paid in today; the yearly return is what accounts for that. The difference shown above is in rupees, not adjusted for time.
Assumptions & limits. Premiums at the start of each year; the maturity amount at the end of the term. The yearly return (IRR) is the rate at which what goes in equals what comes out, so it can be set beside a deposit's rate. The 4% and 8% figures are two scenarios IRDAI makes every insurer illustrate, not forecasts or promises; they include bonuses that may or may not be declared. Life cover is on top of this return and isn't valued here.