The LIC Jeevan Anand Calculator helps estimate the premium, maturity amount, death benefit and lifelong cover available under LIC Jeevan Anand policies. It is useful for both new applicants and existing policyholders who want to understand how their policy may work over time.

LIC Jeevan Anand is known for combining savings with life insurance. Unlike a plain endowment plan, it can provide a maturity payout at the end of the policy term and continue the Basic Sum Assured as life cover after maturity, subject to the specific plan version and policy terms.

Use the calculator above to estimate your policy values. For existing policies, enter the figures printed on the policy bond for a closer estimate.

LIC Jeevan Anand Calculator

The calculator is designed for different Jeevan Anand plan versions, including:

Plan Number	UIN	Status	Calculator Use
Plan 715	512N279V03	Current LIC Jeevan Anand plan	Premium and benefit estimate for new and existing policies
Plan 915	512N279V02	Withdrawn from 1 October 2024	Existing policy calculation
Plan 815	512N279V01	Withdrawn from 1 February 2020	Existing policy calculation
Plan 149	Older Jeevan Anand plan	Historical / old policy	Existing policy calculation using policy bond values

LIC currently lists New Jeevan Anand Plan 715 under its insurance plans. Plan 915 was withdrawn on 1 October 2024, while Plan 815 was withdrawn earlier on 1 February 2020. Existing policyholders continue to receive benefits according to their issued policy document.

How to Use the LIC Jeevan Anand Calculator

Enter the policy information carefully to get an estimated result.

Calculator Field	What to Enter
Plan Number	Select 715, 915, 815 or 149 as mentioned in the policy bond
Age	Age at policy commencement or current age as required by the calculator
Policy Term	Total policy duration in years
Basic Sum Assured	Sum Assured printed in the policy schedule
Premium Mode	Yearly, half-yearly, quarterly or monthly
Annual Premium	Enter the actual annual premium from the policy bond for existing policies
Bonus Rate	Optional estimated bonus rate for maturity projection
Final Additional Bonus	Optional estimate; this is not guaranteed
Rider Sum Assured	Add only if an applicable rider is attached to the policy

For older policies, manual annual premium entry is more reliable than a general premium estimate because age, medical underwriting, premium mode, rebate, rider selection and old plan rules can change the actual premium.

Also Check:

• LIC Jeevan Umang Plan 945 Calculator
• LIC Jeevan Chhaya Calculator Plan 103
• LIC Jeevan Surabhi Plan 108 Maturity Calculator 
• LIC Jeevan Surabhi Plan 107 Calculator
• LIC Jeevan Surabhi Calculator Plan 106

What Does LIC Jeevan Anand Mean?

LIC Jeevan Anand is a traditional participating life insurance policy. It is not a ULIP, so the policy value is not linked directly to the stock market or mutual fund NAV.

The policy generally offers three major benefits:

1. Life cover during the policy term
2. Maturity benefit if the life assured survives the policy term
3. Continued Basic Sum Assured cover after maturity

The exact benefit structure depends on the plan number shown in the policy document.

LIC Jeevan Anand Plan 715 vs 915 vs 815 vs 149 Comparison

LIC Jeevan Anand Plan 149, Plan 815, Plan 915, and Plan 715 are different versions of the Jeevan Anand policy series. All are traditional participating savings plans that combine maturity proceeds with continued life cover after the policy term.

The applicable benefits must always be checked against the plan number printed on the policy bond. Plans 149, 815, and 915 are withdrawn for fresh business, while Plan 715 is the latest version of LIC’s New Jeevan Anand plan.

Common Features of All Four Plans

All four Jeevan Anand plans broadly follow the same concept:

• A lump-sum amount is payable when the policyholder survives until maturity.
• The policy participates in LIC’s profit-sharing system through Simple Reversionary Bonus.
• Final Additional Bonus may be payable under applicable policy conditions.
• Life cover continues after maturity, subject to the policy’s original terms.
• Policy loans may be available after the policy acquires surrender value.

Declared bonuses are added to the policy, but future bonus rates are not guaranteed.

Key Benefit Comparison

Particular	Plan 149	Plan 815	Plan 915	Plan 715
Maturity Benefit	Sum Assured + vested bonuses	Basic Sum Assured + vested bonuses + Final Additional Bonus, if any	Basic Sum Assured + vested bonuses + Final Additional Bonus, if any	Basic Sum Assured + vested bonuses + Final Additional Bonus, if any
Death During Policy Term	Sum Assured + vested bonuses	Higher of 125% of Basic Sum Assured or 10 times annualised premium, plus bonuses	Higher of 125% of Basic Sum Assured or 7 times annualised premium, plus bonuses	Higher of 125% of Basic Sum Assured or 7 times annualised premium, plus bonuses
Minimum Death Benefit Rule	As per original policy conditions	Not less than 105% of total premiums paid	Not less than 105% of total premiums paid	Not less than 105% of total premiums paid
Death After Maturity	Additional Sum Assured payable	Basic Sum Assured payable	Basic Sum Assured payable	Basic Sum Assured payable

The most important benefit difference is the premium-based death-benefit multiplier. Plan 815 uses 10 times annualised premium, while Plans 915 and 715 use 7 times annualised premium. This can make Plan 815 more favourable in cases where the premium multiple is higher than 125% of the Basic Sum Assured.

Eligibility and Policy Term

Particular	Plan 149	Plan 815	Plan 915	Plan 715
Minimum Basic Sum Assured	Refer to policy bond	₹1,00,000	₹1,00,000	₹2,00,000
Minimum Entry Age	Refer to policy bond	18 years	18 years	18 years
Maximum Entry Age	Refer to policy bond	50 years	50 years	50 years
Policy Term	Refer to policy bond	15 to 35 years	15 to 35 years	15 to 35 years
Maximum Maturity Age	Refer to policy bond	75 years	75 years	75 years

Plan 715 has a higher minimum Basic Sum Assured of ₹2 lakh, while Plans 815 and 915 were available from ₹1 lakh.

Paid-Up, Surrender and Revival Rules

Plan	Paid-Up Value Starts After	Surrender Eligibility	Revival Period
Plan 149	Refer to original policy bond	Generally after 3 policy years	Refer to original policy bond
Plan 815	3 full years’ premiums	After 3 full years’ premiums	2 years
Plan 915	2 full years’ premiums	After 2 full years’ premiums	5 years
Plan 715	1 full year’s premium	Special surrender value after 1 year; guaranteed surrender value after 2 years	5 years

Plan 715 provides the highest flexibility where premium payments stop. It can become paid-up after one full policy year, while Plan 815 requires three full years of premiums.

Rider Options

Plan	Rider Position
Plan 149	Accident Benefit and other supplementary benefits were available under older policy conditions.
Plan 815	LIC’s Accidental Death and Disability Benefit Rider was available.
Plan 915	Accident, disability, term assurance, and critical illness rider options were available.
Plan 715	Accident, disability, term assurance, and critical illness health rider options are available; up to three riders can be selected.

Plan 915 and Plan 715 offer a wider rider structure than older versions.

Which Plan Is Better?

Requirement	Relevant Plan
Current Jeevan Anand policy for fresh purchase	Plan 715
Lower minimum Basic Sum Assured	Plan 815 or Plan 915
Higher premium-multiple death-benefit formula	Plan 815
Better revival flexibility than Plan 815	Plan 915 or Plan 715
Earlier paid-up and surrender flexibility	Plan 715
Existing Jeevan Anand policy maturity calculation	Use the exact plan number on the policy bond

LIC New Jeevan Anand Plan 715

LIC New Jeevan Anand Plan 715 is the currently listed version of the plan, with UIN 512N279V03. The official LIC page provides sales brochures and policy documents for different issue periods, including policy documents applicable from 4 July 2025 onward.

The Plan 715 calculator should be used only when the policy bond specifically shows:

• Plan No. 715
• UIN: 512N279V03
• LIC’s New Jeevan Anand

Do not apply Plan 915 rules, premium rates or benefit illustrations to Plan 715 without checking the correct policy document.

LIC New Jeevan Anand Plan 915 Calculator

Plan 915, UIN 512N279V02, was launched on 1 February 2020 and withdrawn from sale on 1 October 2024. It remains relevant for policyholders who bought the policy before withdrawal.

Eligibility Conditions for Plan 915

Particular	Rule
Minimum Basic Sum Assured	₹1,00,000
Maximum Basic Sum Assured	No limit, subject to LIC underwriting
Sum Assured Multiple	₹5,000
Minimum Entry Age	18 years completed
Maximum Entry Age	50 years, nearer birthday
Minimum Policy Term	15 years
Maximum Policy Term	35 years
Maximum Maturity Age	75 years, nearer birthday

The policy starts risk cover immediately after LIC accepts the proposal.

LIC Jeevan Anand Maturity Calculator

The maturity amount is not simply the Basic Sum Assured. For Plan 915, the maturity benefit is generally calculated as:

Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if declared

The policy must be in force on the maturity date, meaning all required premiums should have been paid.

Simple Example

Suppose the policy has:

Detail	Example Amount
Basic Sum Assured	₹10,00,000
Vested Bonuses	₹4,50,000
Final Additional Bonus	₹50,000
Estimated Maturity Amount	₹15,00,000

The bonus amount is only an illustration. LIC declares bonuses based on its experience and surplus. Future bonuses cannot be guaranteed in advance.

LIC Jeevan Anand Death Benefit Calculator

For Plan 915, the death benefit during the policy term is based on the higher of:

• 125% of Basic Sum Assured, or
• 7 times the annualised premium

The death benefit cannot be lower than 105% of total premiums paid up to the date of death. Vested Simple Reversionary Bonuses and Final Additional Bonus, if applicable, are added separately. Taxes, extra premium and rider premiums are excluded from this calculation.

Death Benefit Example

Assume:

Detail	Amount
Basic Sum Assured	₹10,00,000
125% of Basic Sum Assured	₹12,50,000
Annualised Premium	₹1,20,000
7 Times Annualised Premium	₹8,40,000
Death Sum Assured Used	₹12,50,000

If vested bonus is ₹2,00,000, the approximate death benefit before rider additions could be:

₹12,50,000 + ₹2,00,000 = ₹14,50,000

The actual claim amount depends on the policy’s in-force status, premium history, bonuses, riders and LIC claim conditions.

What Happens After Maturity?

The major feature of Jeevan Anand is continued life cover after maturity.

For Plan 915, after maturity:

• The policyholder receives the maturity benefit.
• No future base premium is payable.
• The Basic Sum Assured continues as death cover for life.
• On death after maturity, the nominee receives the Basic Sum Assured.

For example, if the Basic Sum Assured is ₹10 lakh and maturity benefit has already been paid, ₹10 lakh can still remain payable on death after maturity according to the policy terms.

LIC Jeevan Anand Plan 815 Calculator

Plan 815, UIN 512N279V01, is an older version of New Jeevan Anand. LIC lists it as withdrawn from 1 February 2020.

The calculator can be used for policyholders who have this plan number on their policy schedule. However, exact premium, bonus, maturity value, surrender value and rider benefit must be checked from the original policy document.

The best way to calculate an old Plan 815 policy is:

1. Select Plan 815 in the calculator
2. Enter Basic Sum Assured
3. Enter policy term
4. Select premium mode
5. Enable manual annual premium
6. Enter annual premium from the policy bond
7. Add known vested bonus only if available

LIC Jeevan Anand Plan 149 Calculator

Plan 149 is the older Jeevan Anand plan. It followed an endowment-plus-whole-life structure.

Under the old brochure, the policy offered:

• Sum Assured plus vested bonus on death during the selected term
• Sum Assured plus vested bonus at maturity
• Additional Sum Assured on death after maturity
• Optional accident benefit, subject to conditions

The historical brochure showed a policy illustration based on assumed investment return scenarios of 6% and 10%. These scenarios were not guaranteed returns. Future bonus depended on LIC’s future profits, although bonuses already declared and added to the policy became vested.

Important Plan 149 Surrender Rule

The old Plan 149 brochure stated that the policy could be surrendered after three years and the guaranteed surrender value was 30% of basic premiums paid excluding the first-year premium, subject to stated exclusions. This rule applies to the older Plan 149 brochure and should not be copied for Plan 715, 815 or 915 policies.

Premium Payment Modes

LIC New Jeevan Anand Plan 915 allowed premiums to be paid through:

• Yearly mode
• Half-yearly mode
• Quarterly mode
• Monthly mode through NACH
• Salary deduction, where applicable

The policy brochure mentions a grace period of 30 days for yearly, half-yearly and quarterly premiums, and 15 days for monthly premiums. During the grace period, the policy remains in force under the applicable terms.

LIC Jeevan Anand Premium Rebate

For Plan 915, the brochure listed the following mode rebate on tabular premium:

Premium Mode	Rebate
Yearly	2%
Half-yearly	1%
Quarterly	Nil
Monthly	Nil

The brochure also listed high Sum Assured rebates based on the Basic Sum Assured slab. Actual premium may still change due to age, policy term, occupation, medical underwriting, rider selection, GST and extra premium loading.

LIC Jeevan Anand Bonus Explained

A calculator can estimate bonus, but it cannot guarantee bonus.

Simple Reversionary Bonus

LIC may declare Simple Reversionary Bonus every year for eligible participating policies. Once declared and attached to the policy, it becomes vested.

Final Additional Bonus

Final Additional Bonus may be declared when the policy reaches maturity or results in a death claim during the policy term, subject to LIC rules and policy eligibility.

For Plan 915, Final Additional Bonus is not payable under a paid-up policy.

Riders Available Under Plan 915

Plan 915 offered optional riders at additional premium. A maximum of three riders could be availed, but the policyholder could choose either the Accidental Death and Disability Benefit Rider or the Accident Benefit Rider, not both together.

Rider	Main Purpose
Accidental Death and Disability Benefit Rider	Extra accidental death benefit and disability support
Accident Benefit Rider	Additional payment on accidental death
New Term Assurance Rider	Additional death cover during policy term
New Critical Illness Benefit Rider	Lump-sum benefit on first diagnosis of specified covered critical illnesses

The rider Sum Assured cannot exceed the Basic Sum Assured under the base plan. Rider eligibility, premium and claim conditions are separate from the base policy.

Instalment Option for Death Benefit

Instead of a lump-sum death claim, the policyholder can choose instalments over 5, 10 or 15 years under applicable policy terms.

Instalment Mode	Minimum Instalment Amount
Monthly	₹5,000
Quarterly	₹15,000
Half-yearly	₹25,000
Yearly	₹50,000

This option can apply to full or partial death benefit. If the claim amount is below the required amount for the selected instalment frequency, LIC may pay the claim as a lump sum.

Maturity Settlement Option

The maturity proceeds can also be taken in instalments instead of a single lump sum under the applicable plan terms.

The available periods are generally:

• 5 years
• 10 years
• 15 years

For Plan 915, the option was required to be exercised at least three months before the maturity due date. The first instalment is paid on maturity, followed by monthly, quarterly, half-yearly or yearly payments according to the selected option.

Loan Facility, Paid-Up Value and Revival

Loan Facility

LIC Jeevan Anand includes a loan facility after the policy acquires surrender value. The exact loan amount, interest rate and policy conditions depend on the specific plan and policy document.

Paid-Up Policy

For Plan 915, the policy can become paid-up if at least two full years’ premiums have been paid and later premiums are not paid. The policy benefits reduce according to the paid-up rules, and future bonuses generally do not accrue.

Revival

A lapsed policy may be revived within the revival period stated in the policy document. Revival normally requires unpaid premiums, interest and LIC approval based on continued insurability.

Information Required From the Policy Bond

Before using the calculator for an existing policy, collect these details from the policy schedule:

Policy Detail	Where It Is Usually Found
Policy Number	Policy schedule
Plan Number	Policy schedule
UIN	Policy schedule or plan document
Basic Sum Assured	Policy schedule
Policy Term	Policy schedule
Date of Commencement	Policy schedule
Date of Maturity	Policy schedule
Instalment Premium	Policy schedule
Premium Mode	Policy schedule
Rider Details	Rider endorsement or policy schedule
Nominee Details	Policy schedule

The policy document is the final authority for claim, maturity, surrender, loan and rider benefits.

Important Limits of a LIC Jeevan Anand Calculator

The calculator gives an estimate only. It cannot confirm:

• Exact premium after LIC underwriting
• Extra premium for medical, occupation or lifestyle reasons
• Actual future bonus declaration
• Final Additional Bonus
• Rider premium
• GST applicable on a future date
• Surrender value
• Loan interest
• Revival amount
• Exact death claim amount
• Exact maturity claim amount

Use the policy schedule and LIC branch confirmation for final figures.

Frequently Asked Questions

Is LIC Jeevan Anand Calculator accurate?

It is useful for estimation. For the most accurate result, use the plan number, Basic Sum Assured, premium mode and annual premium printed on the policy bond.

Which plan should be selected in the calculator?

Select the exact plan number shown in the policy schedule: 715, 915, 815 or 149.

Is Plan 915 still available for purchase?

No. LIC states that Plan 915 was withdrawn from sale on 1 October 2024. Existing policyholders continue under their issued policy terms.

Is Plan 715 the current LIC Jeevan Anand plan?

Yes. LIC currently lists New Jeevan Anand Plan 715 with UIN 512N279V03 in its insurance plan list.

Does LIC Jeevan Anand provide cover after maturity?

For Plan 915, the Basic Sum Assured continues as life cover after maturity, while no future base premium is payable. Check the policy document for other plan versions.

Is bonus guaranteed?

Future bonus is not guaranteed. Once LIC declares and adds a bonus to an eligible policy, it becomes vested according to policy terms.

Can the maturity amount be taken in instalments?

Yes, Plan 915 included a settlement option for maturity proceeds over 5, 10 or 15 years, subject to conditions and minimum instalment amounts.

What happens if premium payment stops?

The policy may lapse after the grace period. If it has acquired paid-up value, reduced benefits may continue according to the policy rules. Check the specific plan document before taking action.

Is GST included in LIC Jeevan Anand premium?

GST is charged separately as applicable. The premium shown in the policy schedule may distinguish base premium and taxes.

Can the calculator show surrender value?

A general calculator can provide only a rough estimate. Surrender value depends on plan version, policy duration, premiums paid, bonuses, LIC factors and policy conditions.

Final Words

A LIC Jeevan Anand Calculator is most useful when it is used with the exact policy details from the policy bond. Select the correct plan number first, then enter the Basic Sum Assured, policy term, premium mode and actual premium.

For new policies, use Plan 715 details. For older policyholders, use Plan 915, 815 or 149 only when that plan number appears in the policy schedule. Do not mix premium rates, death benefit formulas, surrender rules or bonus illustrations between different Jeevan Anand versions.

The calculator can help understand estimated premium, maturity value, death benefit and lifelong cover, but the original LIC policy document remains final for all benefits and claim decisions.