Lapsing or Stopping Insurance Policy
Traditional insurance policies (endowment/ULIP) impose heavy surrender charges when closed early. Calculate your exact loss.
Step 1: Your Details
Yearly premium amount
Number of years premiums were deposited
Type of insurance policy
Calculations update in real-time. We never store or transmit your financial numbers.
Simulation Summary
Estimated compound wealth or interest differential over time.
Potential 2 year delay in reaching retirement freedom.
Follow the structured step-by-step recovery plan below to eliminate financial drag and rebuild your growth trajectory.
Visual Growth Timeline Comparison
Step-by-Step Action & Recovery Plan
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Why This Decision Matters
Traditional endowment plans yield low 4-5% returns while imposing massive exit penalties in early years. Mixing life cover with investment usually hurts both goals.
Real-Life Case Study
Kavita paid ₹1 Lakh/year for 3 years in an endowment plan. She needed cash and surrendered it, receiving only ₹90,000 back out of ₹3 Lakhs paid!
Common Pitfalls & Mistakes
Frequently Asked Questions
What is a Paid-Up Policy?
If you stop paying premiums after 2-3 years, the sum assured is reduced proportionally, and the policy continues until maturity without further payments.
Why is Pure Term Insurance better?
Term insurance gives huge cover (e.g. ₹1 Crore for ~₹10,000/yr) leaving maximum savings to invest for high returns.
Key Terms & Concepts
Simulations provide illustrative estimates based on user inputs and standard mathematical compounding formulas assuming current Indian tax guidelines. Results do not constitute personalized financial or legal advice.