Should I surrender my endowment policy?

If the IRR is below 5% and the lock-in period is over, surrendering and redirecting the premium to an Index Fund and Term Plan is mathematically superior.

What is the 15x income rule?

The gold standard for protection is to have a life cover (sum assured) equal to 15 times your current annual income plus outstanding liabilities.

Is surrendering a policy tax-free?

Surrender value is tax-free u/s 10(10D) only if the premium was less than 10% of the sum assured. Check your policy document for specific tax-status.

Life Insurance Rationalizer

Audit your existing insurance portfolio to identify underperforming policies and high-cost traps.

Quick Summary: Life Insurance Rationalizer

Most Indian portfolios are 'bundled' with low-yield endowment plans. Rationalizing your portfolio involves keeping efficient term plans, surrendering low-IRR legacy policies, and freeing up cashflow for high-growth equity investments.

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Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.