LIC Jeevan Anand Calculator: Premium, Maturity Value and Lifelong Cover for Plans 715, 915, 815 and 149

What is the LIC Jeevan Anand calculator?

LIC Jeevan Anand is one of the best-known policies in India. It is a with-profit endowment plan with a twist. You get the sum assured plus bonuses at maturity, and then the basic sum assured continues as free life cover for the rest of your life. LIC has sold four versions over the years:

Version	Period	Status
Plan 149 (Jeevan Anand)	2002 to early 2014	Withdrawn
Plan 815 (New Jeevan Anand)	2014 to January 2020	Withdrawn
Plan 915 (New Jeevan Anand)	1 Feb 2020 to 1 Oct 2024	Withdrawn
Plan 715 (New Jeevan Anand)	From 1 Oct 2024	Available

This calculator handles all four. Pick the version, enter your age, term and sum assured, and it shows:

• the yearly premium and the instalment for your chosen mode;
• the maturity value with bonuses and FAB;
• the sum assured on death during the term;
• the free cover after maturity;
• the total premium and IRR.

For plan-by-plan details, see the New Jeevan Anand Plan 715 page.

How the Jeevan Anand premium is calculated

LIC prices Jeevan Anand with a tabular premium: a rupee rate for every ₹1,000 of basic sum assured, set by age and term. This tool has no rate table of its own: it sends your inputs to the plan calculator for the version you pick, so its figures match our plan pages. For Plan 715, the rates follow the sample premiums in LIC’s published brochure, which are the same for men and women, interpolated so a 33-year-old or a 22-year term gets a sensible rate.

1. Rate per ₹1,000 × sum assured ÷ 1,000, less a high sum assured rebate on larger covers, gives the yearly premium.
2. Mode: for 715, yearly payment gets a 2% rebate and half-yearly 1%; quarterly and monthly are charged at the plain rate. Older versions use their own mode factors.
3. No GST: individual life insurance premiums are GST-exempt from 22 September 2025. Before that date LIC added 4.5% in the first year and 2.25% after, so older receipts show higher amounts.

Premiums are payable for the whole policy term. There is no limited-pay option in Jeevan Anand.

Premium chart snapshot (Plan 715, ₹10 lakh)

Age	20-year term	25-year term	30-year term
25	₹56,965	₹43,873	₹35,613
30	₹58,316	₹45,050	₹36,761
35	₹60,780	₹47,303	₹39,085

The full chart below the calculator covers ages 18 to 50 and terms of 15 to 35 years.

Worked example

A 30-year-old takes New Jeevan Anand 715 with a ₹10 lakh sum assured for 21 years, paying yearly.

Item	Estimate
Yearly premium	₹55,157
Total premium over 21 years	₹11,58,297
Reversionary bonus (₹46 × 1,000 × 21)	₹9,66,000
Final additional bonus (assumed 10% of sum assured)	₹1,00,000
Maturity value at age 51	₹20,66,000
Sum assured on death during the term	₹12,50,000 + bonuses
Free cover after maturity	₹10,00,000 for life
Approximate return (IRR)	4.99% a year

A second case: a 25-year-old with ₹5 lakh cover for 25 years pays about ₹22,686 a year. The maturity estimate is ₹11,25,000, an IRR near 4.9%. Longer terms build a bigger maturity relative to the cover because bonus is credited on the full sum assured every year.

Tip: Jeevan Anand’s lifelong cover is only the basic sum assured, with no bonus on top after maturity. If your family needs large cover, pair a modest Jeevan Anand with a pure term plan.

Maturity benefit

On surviving the term with all premiums paid, you receive:

• the basic sum assured;
• all simple reversionary bonuses declared during the term, recently around ₹45 to ₹49 per ₹1,000 a year;
• the final additional bonus, if LIC declares one in the year of maturity.

Future bonus is not guaranteed. Try a lower bonus rate, say ₹40, to see a cautious figure. The LIC bonus calculator explains how bonus accumulates.

Death benefit

• During the term: sum assured on death plus accrued bonus and FAB. For 915 and 715, sum assured on death is the higher of 125% of the basic sum assured or 7 times the annual premium. For 815 it is 125% of the sum assured or 10 times the annual premium. For the old 149 it is the basic sum assured. The total is never less than 105% of premiums paid.
• After maturity: the basic sum assured is paid whenever death occurs, with no premiums due.

The calculator also shows the estimated death benefit if death happens in the last policy year.

Loan, surrender and paid-up value

Jeevan Anand acquires a surrender value once the minimum premiums set out in the policy terms have been paid. You can then take a loan against the policy or surrender it. If premiums stop after that point, the policy becomes paid-up with a reduced sum assured, keeping the bonuses already attached. Use the LIC surrender value calculator to estimate early-exit values.

Tax benefits

Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) in the old tax regime. Maturity and death proceeds are generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) when the premium is within 10% of the sum assured. For policies issued from 1 April 2023, the exemption is lost if total yearly premium across such policies exceeds ₹5 lakh.

Who should consider Jeevan Anand?

Good fit: conservative savers who want a guaranteed-plus-bonus lump sum, and people who value some cover staying in place after retirement. It also suits anyone who likes the discipline of long-term premiums.

Think twice if: you want high life cover cheaply (use a term plan), want returns above 6% (equity or PPF may fit better), or cannot commit to premiums for the full term. Surrendering early loses a lot.

How to use this calculator

1. Pick the version (715 for new buyers).
2. Enter your age.
3. Set the term and sum assured.
4. Choose a premium mode.
5. Adjust the bonus rate if needed.
6. Read the results, then use Share to send the scenario to family or your agent.

All figures are estimates based on each version’s plan calculator (for 715, LIC’s published brochure samples) and assumed bonus rates; your policy document is the final word. This site is independent and not affiliated with LIC.