Continue or Discontinue Policy?
Compare your policy’s maturity value with surrendering and investing the difference (after buying term cover for the same sum assured).
My Policy Details
Fill in your existing insurance policy details
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Cost of pure term cover for the same sum assured
Alternate Investment
Surrender + invest (premium − term cover) at expected returns
12%
6%15%
Surrender Value₹1,05,000
Investable Premium / yr₹39,000
Remaining Term (to PPT)8 years
Value till PPT₹7,39,664
Term Post PPT6 years
End Value of Investment₹14,59,966
Policy Maturity Value₹18,00,000
55%policy vs invest
Better to continue the Policy
Policy beats alternate by ₹3,40,034
About Continue or Discontinue Policy?
Decide whether to continue, surrender or replace an insurance-cum-investment policy versus investing elsewhere.
How it works
Enter premiums paid, surrender value, remaining term and alternate return assumption. Compare projected outcomes.
Practical tips
Pure term + separate investing often beats expensive ULIP/endowment mixes — run your numbers.
Important to know
Surrender may have tax and lapse implications. Read the policy bond carefully.
Frequently Asked Questions
- What does continue vs discontinue mean?
- It compares keeping a policy to maturity versus surrendering and investing the surrender value plus future premiums elsewhere.
- When might surrendering make sense?
- If projected alternate investment clearly beats maturity value after charges and you have term insurance covered separately.
- Should I surrender for a better ULIP or endowment?
- Often buying pure term cover + investing separately is cleaner than replacing one bundled product with another. Compare numbers carefully.
- Are surrender charges considered?
- Use the surrender value your insurer quotes (which already nets charges). Do not guess the surrender amount.
- Is this advice to cancel insurance?
- No. Life cover needs and product terms vary. Read the policy and consult an advisor before stopping premiums.