The life insurance landscape in India is constantly evolving. To keep up with changing market dynamics, customer needs, and the strict regulatory frameworks set by the Insurance Regulatory and Development Authority of India (IRDAI), the Life Insurance Corporation of India (LIC) frequently updates its product portfolio.
As we navigate through the new financial landscape, several highly popular insurance policies have been officially shelved. If you are an existing policyholder or an agent, you might be actively searching for a reliable LIC Withdrawn Plans 2026 Calculator to track the ongoing value of your investments. Furthermore, understanding the complete list of LIC Plans Withdrawn during the Financial Year 2025-26 is crucial to avoid market confusion.
LIC Plans Withdrawn during the Financial Year 2025-26
Based on the latest official updates, several prominent LIC plans have been phased out in the financial year 2025-26. These range from immediate annuity pension plans to Unit Linked Insurance Plans (ULIPs).
Here is the detailed table of the plans withdrawn:
| Sr. No. | Product Name | Plan No. | UIN No. |
|---|---|---|---|
| 1 | LIC’s Jeevan Akshay-VII Calculator | 857 | 512N337V06 |
| 2 | LIC’s New Jeevan Shanti Calculator | 758 | 512N338V07 |
| 3 | LIC’s Nav Jeevan Shree Calculator | 912 | 512N387V01 |
| 4 | LIC’s New Endowment Plus Calculator | 735 | 512L301V03 |
| 5 | LIC’s Bima Ratna Calculator | 764 | 512N345V02 |
| 6 | LIC’s Jeevan Azad Calculator | 768 | 512N348V02 |
In this comprehensive guide, we will break down exactly what a withdrawn plan means, provide the official list of the most recent withdrawn plans of LIC, and explain how you can continue to calculate your maturity, surrender, and survival benefits.
What Exactly Are “Withdrawn Plans of LIC”?
Before diving into the list, let’s address the most common fear policyholders have. When LIC announces that a plan is “withdrawn,” it often causes a wave of panic among existing investors.
Take a deep breath: Your money is 100% safe.
When we talk about the withdrawn plans of LIC, it simply means that the specific plan (associated with a unique UIN – Unique Identification Number) is closed for new sales. LIC agents and online portals can no longer sell these specific policies to new customers.
However, if you purchased the policy before the withdrawal date, your contract remains fully active and legally binding. All the terms, conditions, guaranteed additions, sum assured, and maturity benefits promised to you at the time of purchase will be honored exactly as stated in your policy bond. LIC is backed by a sovereign guarantee from the Government of India, meaning your investment is secure regardless of whether the plan is still available on the market or not.
Detailed Breakdown of the Closed Plans
Why were these plans so popular, and why do you still need an LIC Withdrawn Plans 2026 Calculator for them? Let’s look at what each of these plans offered to existing policyholders.
LIC’s Jeevan Akshay-VII (Plan 857)
Jeevan Akshay-VII was the undisputed king of immediate annuity (pension) plans in India. By paying a single lump sum premium, policyholders could lock in a guaranteed lifelong pension that started immediately. It offered multiple annuity options, including joint-life survivor benefits.
Why you need a calculator: Existing policyholders use withdrawn plan calculators to determine their ongoing annual yield, track their invested corpus, and calculate the death benefit payable to their nominees based on their specific annuity option (such as “Return of Purchase Price”).
LIC’s New Jeevan Shanti (Plan 758)
Unlike Jeevan Akshay, New Jeevan Shanti was a deferred annuity plan. This meant you paid a single premium today, but your pension started after a deferment period (from 1 to 12 years). The longer you waited, the higher your guaranteed pension rate became.
Why you need a calculator: Since this is a deferred plan, many policyholders who bought this plan years ago are still in their deferment period. A dedicated calculator helps them project their guaranteed additions during the deferment period and exact future payout amounts.
LIC’s Nav Jeevan Shree (Plan 912)
This was a specialized, non-linked, with-profits endowment assurance plan. It was tailored for individuals looking for a combination of life protection and savings, participating in the profits of the corporation.
Why you need a calculator: Because it is a participating plan, the maturity amount relies heavily on LIC’s declared Simple Reversionary Bonuses and Final Additional Bonus (FAB). A withdrawn plan calculator helps estimate these accumulated bonuses over the years.
LIC’s New Endowment Plus (Plan 735)
Plan 735 was LIC’s flagship Unit Linked Insurance Plan (ULIP). It offered dual benefits: market-linked wealth creation and life insurance protection. Policyholders had the freedom to invest in four different funds (Bond, Secured, Balanced, and Growth).
Why you need a calculator: ULIPs are dynamic. Even though the plan is withdrawn, the money invested by existing policyholders remains in the stock market. An advanced calculator is required to track the daily Net Asset Value (NAV), deduct the ongoing Fund Management Charges (FMC), and project the maturity value at 4% and 8% standard rates.
LIC’s Bima Ratna (Plan 764)
Bima Ratna was a premium non-linked, non-participating, individual savings life insurance plan. It was highly sought after because it offered Guaranteed Additions throughout the policy term. It also featured a limited premium paying term, making it highly attractive to short-term investors.
Why you need a calculator: Existing users need to calculate their specific Guaranteed Additions (which accrued at ₹50 per thousand Basic Sum Assured for the first 5 years, and ₹55 thereafter), along with their periodic survival benefits (money-back payouts).
LIC’s Jeevan Azad (Plan 768)
Targeted at low-to-middle-income segments, Jeevan Azad was a limited premium payment endowment plan. It had a maximum Basic Sum Assured limit of ₹3,00,000. It provided a safety net for families while ensuring a guaranteed lump sum payout at maturity.
Why you need a calculator: To check the guaranteed maturity benefit, exact death benefit at various policy years, and calculate the surrender value if the policyholder needs emergency funds.
Why Does LIC Withdraw Good Plans?
When looking at the LIC Plans Withdrawn during the Financial Year 2025-26, a common question arises: If these plans were so successful, why did LIC close them?
The withdrawal of a plan is rarely an indication that the plan was “bad.” Instead, it usually happens due to one of three reasons:
- IRDAI Regulatory Changes: The insurance regulator (IRDAI) frequently updates guidelines to make insurance more customer-centric. For example, recent regulations heavily modified how Surrender Values are calculated. To comply with these new laws, insurance companies must withdraw non-compliant older plans and launch new ones.
- Updated Mortality Tables: Life expectancy in India is improving. As the mortality rate changes, the cost of providing life insurance (mortality charge) decreases. LIC regularly updates its pricing models based on the latest actuarial data, leading to the phasing out of older pricing structures.
- Interest Rate Fluctuations: For guaranteed plans (like Jeevan Akshay or Bima Ratna), LIC commits to a fixed interest rate for the policyholder’s entire life. If macroeconomic interest rates fall, sustaining high guaranteed returns becomes difficult, prompting the withdrawal of the plan.
Why You Need an “LIC Withdrawn Plans 2026 Calculator”
When a plan is withdrawn, LIC typically removes the sales brochures, marketing materials, and official premium calculators for that specific plan from their active website. This can leave existing policyholders in the dark.
If you hold a policy from the withdrawn plans of lic, a specialized third-party calculator becomes your best financial tool. Here is why you must use one:
- Surrender Value Estimation: If you face a financial emergency and need to close your old policy, a withdrawn plan calculator will help you determine the exact Special Surrender Value (SSV) and Guaranteed Surrender Value (GSV) you are entitled to today.
- Loan Eligibility: Most of these older endowment and money-back plans allow you to take a loan against the policy. A calculator will show you your maximum loan limit based on the premiums you have paid so far.
- Bonus Tracking: For participating plans like Nav Jeevan Shree, you need a tool to compound the yearly bonuses declared by LIC to project your final maturity amount accurately.
- ULIP NAV Tracking: For Plan 735 (New Endowment Plus), an ongoing calculator is non-negotiable to see how much your fund has grown after mortality and policy administration charges have been deducted over the years.
Final Thoughts for Existing Policyholders
Seeing your hard-earned investment listed among the LIC Plans Withdrawn during the Financial Year 2025-26 can initially be startling, but there is absolutely no reason to worry. Your policy continues to operate exactly as it was designed to on the day you signed the dotted line.
Keep paying your renewal premiums on time. Do not surrender an old policy prematurely just because it has been withdrawn from the market, as surrendering early often leads to a loss of your invested capital and accumulated bonuses.
Instead, leverage an LIC Withdrawn Plans 2026 Calculator to keep a close eye on your financial health, track your upcoming money-back survival benefits, and ensure that your family remains covered under the protective umbrella of the Life Insurance Corporation of India.
