LIC Jeevan Anand plans offer lifelong protection and savings for Indian families. These policies from Life Insurance Corporation of India (LIC) combine insurance cover with maturity benefits, and calculators help estimate premiums and returns.

What is LIC Jeevan Anand?

LIC Jeevan Anand is a popular endowment plan that gives life cover during the policy term and continues protection even after maturity. You pay premiums for a set period, get a lump sum at maturity with bonuses, and your family receives the sum assured if you pass away later.

This plan suits those wanting security and savings. It is a participating policy, so you earn bonuses declared by LIC each year.

History and Policy Variants

LIC launched the original Jeevan Anand (Plan 149) on January 17, 2002. It was withdrawn around 2013.

Key variants include:

• Plan 149: Old version, endowment plus whole life, minimum age 18, maximum maturity age 100 years.
• Plan 815 (New Jeevan Anand): Launched post-2013, term 15-35 years, age entry 18-50 years.
• Plan 915: Launched February 1, 2020, withdrawn October 1, 2024.
• Plan 715: Current version from October 1, 2024, UIN 512N279V03, ongoing sales.

Plan 715 replaced 915 with minor updates. All provide similar benefits: maturity payout and lifelong cover.

Key Features Across All Plans

All Jeevan Anand policies share core features.

• Lifelong Cover: After maturity, the basic sum assured pays on death.
• Bonuses: Simple reversionary bonuses yearly, plus a final additional bonus (FAB) at maturity or death.
• Premium Modes: Yearly, half-yearly, quarterly, monthly.
• Riders: Optional accidental death/disability, critical illness.
• Loan Facility: After 3 full premiums.
• Tax Benefits: Deductions under Section 80C, maturity tax-free under 10(10D).

Minimum sum assured starts at Rs. 1 lakh.

Detailed Explanation of Each Policy

Plan 149 (Original Jeevan Anand)

Launched 2002, withdrawn 2013. Premium paying term 5-57 years, term till age 100. Death benefit before maturity: sum assured + bonuses. Post-maturity: sum assured only. Surrender after 3 years.

Example: Age 30, sum assured Rs. 10 lakh, 25-year PPT, yearly premium ~Rs. 41,206, maturity ~Rs. 26.35 lakh (with bonuses).

Plan 815 (New Jeevan Anand)

2013 version. Entry age 18-50, term 15-35 years, max maturity 70. Maturity: sum assured vested bonuses FAB. Death benefit: 125% sum assured if within first 5 years, else the higher of the sum assured or 105% of total premiums + bonuses.

The accidental rider adds extra coverage up to Rs. 5 lakh.

Plan 915

Launched February 1, 2020, withdrawn October 1, 2024. Similar to 815 but with updated rates. Featured dual benefits and profit sharing.

Plan 715 (Latest New Jeevan Anand)

Available since October 1, 2024. Same structure as 915, UIN 512N279V03. Sample: Age 26, Rs. 10 lakh sum, 21-year term, first-year premium Rs. 56,242, maturity ~Rs. 20.66 lakh including bonuses and FAB.​

Death sums are assured, often 125% basic.

For official details, visit LIC India website.

How Does the LIC Jeevan Anand Calculator Work?

The calculator estimates premiums, maturity, and surrender values based on age, sum assured, term, and gender. Inputs include:

• Age at entry
• Policy term/PPT
• Sum assured
• Premium mode
• Bonus rates (use the latest, e.g., Rs. 46-50 per Rs. 1,000).

Output shows yearly premiums, total paid, bonuses, maturity amount, IRR ~5-6%.

Online tools like Policybazaar or LIC Calculators help simulate.

Sample Premium and Maturity Table

Here is an example for Plan 715 (age 30 male, Rs. 10 lakh sum assured).

Policy Year	Age	Yearly Premium (approx)	Cumulative Premium	Accumulated Bonus (est.)	Maturity/Death Benefit (est.)
1	31	Rs. 55,000	Rs. 55,000	Rs. 46,000	Rs. 12,96,000 (death)
5	35	Rs. 55,000	Rs. 2,75,000	Rs. 2,30,000	Rs. 14,80,000
10	40	Rs. 55,000	Rs. 5,50,000	Rs. 4,60,000	Rs. 17,10,000
15	45	Rs. 55,000	Rs. 8,25,000	Rs. 6,90,000 + FAB	Rs. 19,60,000
21 (Maturity)	51	–	Rs. 11,57,000	Rs. 9,66,000 + Rs. 1L FAB	Rs. 20,66,000

Post-maturity death: Rs. 10 lakh.

Benefits and Limitations

Benefits:

• Stable returns with guarantees.
• Lifelong family protection.
• Loan access for emergencies.
• Tax savings.

Limitations:

• Lower IRR (5-6%) vs. mutual funds.
• Premiums higher than term plans.
• Bonuses not guaranteed.
• Less liquidity early on.

Compare with FDs or equity for better choices.

How to Use a Calculator Step-by-Step

1. Choose variant (e.g., 715).
2. Enter age, gender, sum assured (min Rs. 5 lakh recommended).
3. Select term (15-35 years).
4. Pick premium mode.
5. View estimates; adjust for riders.
6. Check IRR and total returns.

Use tools like LIC Calculator

Who Should Buy Jeevan Anand?

Ideal for conservative savers, parents planning child’s future, or those needing lifelong cover. Avoid if seeking high returns or pure protection.

Minimum entry age 18, max 50 for new plans.

Surrender and Paid-Up Options

Surrender after 3 premiums: Guaranteed value (30% total premiums minus the first year) or special value, whichever higher.

Paid-up if premiums lapse: Reduced benefits proportional to paid premiums.​

Revival within 5 years.

Tax and Legal Notes

Premiums qualify for 80C deduction up to Rs. 1.5 lakh. Maturity is tax-free if the premium is <10% of the sum assured.

Consult advisor for latest rules.

FAQs

Conclusion

LIC Jeevan Anand calculators make it easy to see if this plan fits your needs for protection and savings. With variants like 715 offering lifelong cover, it remains a trusted choice for many Indians. Use official tools and consult agents for personalized advice.