While dealing with the universe the scientific enquiry has focused primarily on matter, space and time and has neglected the living systems. Living systems have an important bearing on the state of the universe and their omission gives an incomplete picture of the universe. Without including soul the fate of organisms and hence the fate of the universe cannot be predicted successfully. We make an attempt to examine the fate of the universe in the light of Jain philosophy considering the existence of soul, matter and other substances.