LIC Jeevan Surabhi Money Back Plan Details, Review and Return calculation

LIC Jeevan Surabhi plan is a money back policy. Money back policies are a very popular category for LIC and you can also say one of the most selling policies of LIC India. Generally subscriber will get a sum assured based on the policy covered amount in every fixed term ( 4 years, 8 years, 12 years, 15th years like this). This is one of the main key point to attracting the customers. Besides this subscriber will not pay premium till entire policy term as well and also Death Benefit increases by 50% once in every 5 years. If insurer died during the policy term then he/she will get the sum assured with accured bonus.

Let’s find out the main features of LIC Jeevan Surabhi Money back Policy

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LIC Jeevan Surabhi Money Back Plan Details and Features

  • Policy Terms : 15/20/25 years 
  • Premium Paying Terms : 12/15/18 years 
  • So clearly Maturity term is more than premium paying term.
  • Risk cover increases in every after 5 year of policy tenure completion.
  • Extended risk cover for three years after 3 years premium payment.
  • You can claim income tax benefit for the amount paid as premium

LIC Jeevan Surabhi Money Back Plan Premium and Return

Let’s take an example of LIC Jeevan Surabhi policy : –

Sharmaji took this policy for 20 years and sum assured Rs 1,00,000. In that case he has to pay annual premium of Rs Rs.9,062.00/-. 

Now as per money back policy Sharmaji will receive around 25% of sum assured after a few time period for 4 times, that is Rs 25,000 till 15 year. In that case Sharmaji will pay total premium = Rs.9,062.00/- X 15 = 1,35,930. Now by 15 year he will also receive 25,000 x 4 = 1,00,00, means the sum assured amount will be return back by that time.

Now if you consider bonus rate = Rs 41.00 / 1000 sum assured (this is just an example, not sure about the current accurate bonus rate), then after maturity policy holder will earn 82000 as bonus. So after policy term Sharmaji will earn total = 100000 + 82000 = 1,82,000.

So you can calculate from here how much return you have earned from LIC Jeevan Surabhi. Similar to this policy LIC has other money back policies based on different terms only. But if you consider this product as a investment tool then you may earn a very low return in the long run. That you have to decide how to proceed as many times I have shared the similar analysis in this blog and also conveyed to readers that Insurance and Investment should not be mixed together.

For more information you can visit LIC India’s website and look for the below money back policies

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  1. The Money Back Policy-20 Years
  2. The Money Back Policy-25 Years
  3. Jeevan Surabhi-15 Years
  4. Jeevan Surabhi-20 Years
  5. Jeevan Surabhi-25 Years
  6. Bima Bachat


This calculation is done based on LIC website premium calculator and further assumption, in case anyone has current data please share your valuable thoughts here by commenting to let our readers know more in depth. Thanks for reading this article. 

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