LIC Jeevan Anand Plan 149 is an old participating life insurance plan that combines savings with lifelong death cover. It is commonly searched as the old Jeevan Anand maturity calculator, LIC Plan 149 maturity calculator online, and Jeevan Anand Plan 149 surrender value calculator.

This page is designed for existing policyholders of LIC Jeevan Anand Plan 149, UIN 512N206V01. LIC currently lists this policy under its withdrawn plans section, so the calculator is meant to estimate values for an existing policy rather than for buying a new one.

Use the Jeevan Anand Plan 149 calculator above to estimate basic premium paid, accumulated bonus, maturity amount, death benefit during the policy term, post-maturity life cover, and Guaranteed Surrender Value. The final payable amount always depends on the policy bond, LIC’s declared bonuses, applicable Final Additional Bonus, policy status, and claim conditions.

LIC Jeevan Anand Plan 149 Overview

Particular	Details
Plan Name	LIC Jeevan Anand
Table Number	149
UIN	512N206V01
Plan Type	Participating Endowment Assurance plus Whole Life cover
Policy Status	Withdrawn plan; relevant for existing policyholders
Premium Payment Modes	Yearly, half-yearly, quarterly, monthly, or salary deduction
Main Maturity Benefit	Basic Sum Assured plus vested bonuses and eligible Final Additional Bonus
Cover After Maturity	Basic Sum Assured remains payable on death after maturity
Surrender Eligibility	Available after at least three full policy years
Accident Benefit	Conditional benefit, subject to policy terms and age conditions

LIC’s brochure describes Plan 149 as a combination of endowment assurance and whole-life protection. It pays a lump sum on survival to the end of the selected term and continues a death benefit after maturity.

What Is LIC Jeevan Anand Plan 149?

LIC Jeevan Anand Plan 149 was designed for people who wanted both savings and insurance protection in one policy. During the selected policy term, premiums are paid as per the chosen mode. If the life assured survives until the end of the term, LIC pays the maturity amount.

The special point is that the policy provides another layer of protection after maturity. The maturity payout is received first, but the Basic Sum Assured continues as a death benefit for the rest of the life assured’s lifetime, subject to the policy conditions.

For example, if the Basic Sum Assured is ₹3 lakh, the maturity amount may include ₹3 lakh plus vested bonuses. After this amount is received, ₹3 lakh can still remain payable to the nominee on the later death of the life assured.

That is why LIC Jeevan Anand Plan 149 maturity benefits are different from a normal endowment policy where the insurance cover ends once maturity is paid.

How Jeevan Anand Plan 149 Calculator Works

The calculator estimates benefits by using the policy details entered into the form. The most important fields are:

• Basic Sum Assured
• Policy term
• Completed policy year
• Premium payment mode
• Basic premium per selected mode
• Expected or known bonus rate
• Final Additional Bonus, where applicable
• Accident Benefit Sum Assured, where available

The calculator does not generate the original LIC premium from age and Sum Assured because the brochure does not provide complete official premium-rate tables for every age, term, and payment mode. Instead, it uses the actual premium shown in the policy bond or premium receipt.

This approach is more useful for old policies because each policy may differ based on age at entry, term, premium mode, medical status, and rider selection.

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Jeevan Anand Plan 149 Maturity Benefits

The maturity amount is payable when the life assured survives up to the end of the selected policy term.

The standard maturity calculation is:

Maturity Amount =
Basic Sum Assured
+ Vested Simple Reversionary Bonus
+ Eligible Final Additional Bonus

Basic Sum Assured

Basic Sum Assured is the original insurance amount selected when the policy started. It is printed in the policy schedule.

For example:

Basic Sum Assured = ₹2,00,000

This does not mean maturity will always be only ₹2 lakh. Since Jeevan Anand Plan 149 is a participating plan, vested bonuses may increase the final maturity amount.

Vested Simple Reversionary Bonus

LIC may declare Simple Reversionary Bonus annually per ₹1,000 Sum Assured. Once a bonus is declared and attached to the policy, it becomes vested. It is no longer dependent on future LIC performance.

The formula used for estimation is:

Vested Bonus =
(Basic Sum Assured ÷ 1,000) × Total Declared Bonus Rates

For a simple calculator estimate, an annual bonus rate can be multiplied by the number of completed years. However, this is only an estimate because LIC bonus declarations may vary from year to year.

The brochure confirms that future bonus depends on future profits and is not guaranteed. However, once declared and added to the policy, the bonus becomes guaranteed.

Final Additional Bonus

Final Additional Bonus, often called FAB, may be payable in some cases when the policy becomes a maturity claim or an eligible death claim. It is not a fixed amount for every policy.

LIC’s historical valuation report shows that FAB rates for Jeevan Anand Plan 149 depend on factors such as duration and Sum Assured band. Therefore, a fixed FAB should not be automatically applied to every policy calculation.

For this reason, the calculator includes an optional FAB field. Enter an amount only when it is known from LIC records, an official declaration, or a confirmed estimate.

Death Benefit During the Policy Term

If death occurs before the maturity date, the estimated value is generally calculated as:

Death Benefit During Policy Term =
Basic Sum Assured
+ Vested Bonus
+ Eligible Final Additional Bonus

The LIC brochure states that the Sum Assured along with vested bonuses is payable in a lump sum if death happens during the selected term.

Suppose the policy has:

Detail	Amount
Basic Sum Assured	₹3,00,000
Vested Bonus till date	₹1,00,800
Eligible FAB	₹0

Estimated death benefit:

₹3,00,000 + ₹1,00,800 = ₹4,00,800

If an eligible Final Additional Bonus is declared, it may increase the claim amount. The actual death claim is processed by LIC according to the policy status, nomination details, claim documents, and terms applicable on the claim date.

Life Cover After Maturity

This is the most important feature of LIC Jeevan Anand Plan 149.

After maturity, the policyholder receives:

Basic Sum Assured
+ Vested Bonus
+ Eligible FAB

However, the Basic Sum Assured continues as a death benefit after maturity.

Death Benefit After Maturity =
Basic Sum Assured

For example, if a policy with a Basic Sum Assured of ₹3 lakh matures and pays ₹5 lakh including bonuses, the ₹3 lakh life cover may still remain payable to the nominee after the later death of the life assured.

Bonuses are normally settled with the maturity amount. They should not be added again to the post-maturity death benefit. LIC’s official illustration for Plan 149 shows the Basic Sum Assured continuing as the payable death benefit after the selected term ends.

Accident Benefit Under LIC Jeevan Anand Plan 149

Some Plan 149 policies may have accident benefit cover. It must be verified from the policy schedule because accident benefit should not be assumed for every policy.

According to the brochure, an additional Sum Assured may be payable in case of accidental death, subject to a maximum limit of ₹5 lakh and the condition that the age of the life assured is not above 70 years. In permanent disability due to accident, the additional amount may be paid in instalments.

The calculator uses this broad estimate:

Accidental Death Value =
Normal Death Benefit + Accident Benefit Sum Assured

The calculator checks whether the entered accident benefit is within ₹5 lakh. However, the actual claim depends on the policy schedule, age at accident, rider conditions, exclusions, and LIC claim assessment.

How to Use the LIC Plan 149 Maturity Calculator Online

Follow these steps for a useful estimate.

Step 1: Enter Basic Sum Assured

Enter the Basic Sum Assured printed on the original policy bond. Do not enter the expected maturity amount here.

Example:

Basic Sum Assured: ₹3,00,000

Step 2: Enter the Policy Term

Enter the original policy term in years. This is generally available on the first page of the policy bond or premium schedule.

Example:

Policy Term: 20 years

Step 3: Add the Completed Policy Year

Enter the number of completed years from the policy commencement date. This field helps estimate the premium paid, accumulated bonus, current death benefit, and surrender value.

Example:

Completed Policy Year: 8 years

Step 4: Select the Premium Payment Mode

Select yearly, half-yearly, quarterly, monthly, or salary deduction. The calculator converts the entered modal premium into a yearly premium equivalent.

Step 5: Enter Basic Premium Only

Enter the premium for the selected payment mode. Exclude GST, rider premium, extra premium, and accident benefit premium where possible.

This is important because the Guaranteed Surrender Value formula considers only eligible basic premiums.

Step 6: Enter a Bonus Rate for Estimation

Enter an expected annual bonus rate per ₹1,000 Sum Assured. For more accurate results, use the actual declared bonus rate from LIC records for each completed policy year.

The calculator should be treated as an estimate when one fixed bonus rate is entered for all years.

Step 7: Add FAB Only If Known

Enter Final Additional Bonus only when it is confirmed as applicable. Leaving this field blank produces a more conservative maturity estimate.

Step 8: Review Results Carefully

The calculator gives estimated values for:

• Premium per selected mode
• Annual basic premium
• Total basic premium paid
• Estimated accumulated bonus
• Death value during policy term
• Maturity value
• Death cover after maturity
• Guaranteed Surrender Value
• Accident benefit estimate
• Full-term basic premium

Real Calculation Example for Jeevan Anand Plan 149

Consider this illustrative policy:

Policy Detail	Assumed Value
Basic Sum Assured	₹3,00,000
Policy Term	20 years
Completed Policy Year	8 years
Premium Mode	Yearly
Annual Basic Premium	₹13,800
Estimated Bonus Rate	₹42 per ₹1,000 per year
Final Additional Bonus	₹0 for this estimate
Accident Benefit	₹3,00,000

Annual Bonus Estimate

Basic Sum Assured ÷ 1,000
= ₹3,00,000 ÷ 1,000
= 300

Annual Estimated Bonus
= 300 × ₹42
= ₹12,600

Bonus After Eight Completed Years

Estimated Vested Bonus
= ₹12,600 × 8
= ₹1,00,800

Premium Paid After Eight Years

Premium Paid
= ₹13,800 × 8
= ₹1,10,400

Estimated Death Benefit in the Eighth Year

Basic Sum Assured + Estimated Bonus
= ₹3,00,000 + ₹1,00,800
= ₹4,00,800

Therefore, the estimated death value during the eighth policy year is:

₹4,00,800

Estimated Maturity Amount at 20 Years

Projected Bonus for 20 Years
= ₹12,600 × 20
= ₹2,52,000

Estimated Maturity Amount
= ₹3,00,000 + ₹2,52,000 + ₹0 FAB
= ₹5,52,000

This ₹5,52,000 is only an illustration. It assumes the same ₹42 bonus rate every year, which may not happen in reality. Actual LIC bonus declarations can differ each year.

Life Cover After Maturity

Even after maturity is paid, the Basic Sum Assured may continue as death cover.

Post-Maturity Death Benefit = ₹3,00,000

Accidental Death Estimate

If accident benefit exists and all conditions are satisfied:

Normal Death Benefit + Accident Benefit
= ₹4,00,800 + ₹3,00,000
= ₹7,00,800

This calculation is not a final claim quote. It is only a policy-value estimate.

Official Brochure Illustration Explained

LIC’s Plan 149 brochure gives an illustration for a 35-year-old life with a 25-year premium-paying term, ₹1 lakh Basic Sum Assured, and yearly premium of ₹4,535. The total premium paid over 25 years in that illustration is ₹1,13,375.

The brochure shows maturity values under two assumed investment-return scenarios. The totals shown are ₹1,41,500 and ₹2,41,000 at the end of 25 years. These are old illustration scenarios based on assumed 6% and 10% investment returns, not guaranteed maturity values and not annual LIC bonus rates.

This distinction is essential. A calculator should not multiply the Sum Assured by 6% or 10% and call it LIC bonus. Bonus is declared separately by LIC and can change.

Jeevan Anand Plan 149 Surrender Value Calculator

The policy can be surrendered after it has been in force for at least three years.

The official Guaranteed Surrender Value formula is:

Guaranteed Surrender Value =
30% × (Basic Premiums Paid − First-Year Basic Premium)

The following should be excluded:

• First-year basic premium
• Accident benefit premium
• Rider premium
• Extra premium
• GST and taxes

LIC states that it may pay a Special Surrender Value that is equal to or higher than the Guaranteed Surrender Value. The actual value depends on policy duration, premiums paid, reduced claim value, bonuses, and LIC’s applicable surrender factors.

Using the earlier illustration:

Annual Basic Premium = ₹13,800
Completed Years = 8
Total Basic Premium Paid = ₹1,10,400

Eligible Premium for GSV
= ₹1,10,400 − ₹13,800
= ₹96,600

Guaranteed Surrender Value
= 30% × ₹96,600
= ₹28,980

So the estimated Guaranteed Surrender Value is ₹28,980.

The Special Surrender Value may be higher, but a generic online calculator cannot calculate it exactly without LIC’s current surrender factors and the policy’s complete record.

How to Find Jeevan Anand Plan 149 Maturity Date

The maturity date is normally connected to the policy commencement date and selected policy term. A simple estimate can be made by adding the policy term to the commencement date.

For example:

Policy Commencement Date: 15 June 2005
Policy Term: 20 years
Estimated Maturity Date: 15 June 2025

The confirmed maturity date should always be checked in the policy bond, LIC portal, or through the servicing branch. LIC states that its servicing branch generally sends maturity claim intimation around two months before the due date. It also asks policyholders to submit the required discharge receipt and original policy document at least one month before maturity.

Important Points Before Using the Calculator

This LIC Jeevan Anand Plan 149 calculator is suitable mainly for policies that are in force and where regular premiums have been paid.

Do not rely on a normal maturity calculation where the policy is:

• Lapsed
• Paid-up
• Revived after default
• Assigned to another person
• Under loan adjustment
• Involved in a death claim
• Subject to special policy endorsements

These situations may change the benefit calculation. The policy bond and LIC servicing branch remain the final source for payable values.

Frequently Asked Questions

What is Jeevan Anand Plan 149?

LIC Jeevan Anand Plan 149 is an old participating policy that combines endowment maturity benefits with whole-life death cover after maturity. It is a withdrawn plan, but existing policies continue according to their terms.

What is the maturity amount in LIC Jeevan Anand Plan 149?

The maturity amount is generally Basic Sum Assured plus vested bonuses and eligible Final Additional Bonus. The exact amount depends on LIC’s bonus declarations and policy conditions.

Does Jeevan Anand Plan 149 provide life cover after maturity?

Yes. After maturity, the Basic Sum Assured remains payable on death, as described in LIC’s brochure.

How is the Jeevan Anand Plan 149 surrender value calculated?

The Guaranteed Surrender Value is 30% of basic premiums paid excluding the first-year basic premium, after the policy has completed at least three years. Actual Special Surrender Value can be higher.

Is the calculator’s bonus amount guaranteed?

No. Future bonus is not guaranteed. The calculator provides an estimate based on the entered bonus rate. Bonuses already declared and vested are different because they become part of policy benefits.

Can the 6% and 10% brochure figures be used as bonus rates?

No. Those figures are old assumed investment-return scenarios used in the benefit illustration. They are not declared LIC bonus rates and should not be used as a fixed maturity formula.

How can the exact maturity amount be confirmed?

Check the policy bond, current bonus details, premium payment status, FAB eligibility, and LIC servicing branch records. The calculator is useful for estimation, but LIC determines the final payable amount.

Final Words

The LIC Jeevan Anand Plan 149 calculator helps estimate maturity value, death benefit, bonus accumulation, surrender value, and life cover after maturity. Its biggest advantage is that it explains the two-stage benefit: maturity amount first, followed by continuing Basic Sum Assured death cover.

For reliable results, enter the actual Basic Sum Assured, premium, term, completed policy year, and known bonus information from the policy record. Treat projected bonus and Final Additional Bonus as estimates unless confirmed by LIC.