LIC Policy Year-by-Year Benefit Illustration - Death Cover, Bonus & Surrender Value

Most policyholders know their annual premium but have no idea what their policy is worth each year. The year-by-year benefit illustration fixes this.

**What a year-by-year table shows:**

For each policy year (from year 1 to maturity): 1. **Death benefit** - what the nominee gets if policyholder dies that year (usually SA + accumulated bonus) 2. **Vested bonus** - accumulated simple reversionary bonus so far 3. **Surrender value** - what you get if you surrender the policy that year (Guaranteed Surrender Value or Special Surrender Value, whichever is higher)

**Why this matters:**

**For planning:** You can see exactly when your surrender value crosses your total premium paid - the "breakeven point." For most LIC endowment plans, this is around year 8-10.

**For claims:** Nominees can see exactly what death benefit is payable for each year.

**For loan decisions:** Loan is based on surrender value - the table shows you how much you can borrow each year.

**Example - Jeevan Anand (914), Age 30, SA ₹5L, Term 20 years:** - Year 5: Death benefit ₹7.40L, Surrender value ₹0.94L - Year 10: Death benefit ₹9.40L, Surrender value ₹2.55L - Year 15: Death benefit ₹11.40L, Surrender value ₹5.25L - Year 20 (maturity): ₹10.80L

**Get your table:** poddarwealth.com/calculators/year-by-year - free online, download as CSV

Or call 9415313434 for a printed illustration.