LIC Jeevan Anand 149 is LIC's original endowment-plus-whole-life plan, withdrawn in 2014 and replaced by New Jeevan Anand 815. Old 149 policies pay the sum assured plus bonuses at maturity and then keep the sum assured as life cover for life. For ₹10 lakh taken at 30 for 20 years, our estimate is about ₹42,000 a year and roughly ₹19.8 lakh at maturity.
Jeevan Anand 149 Maturity & Premium Calculator
Your estimate
- Premium per instalment
- ₹21,000
- Premium paying term
- 20 years
- Total premium paid
- ₹4,20,000
- Total bonus (estimated)
- ₹4,80,000
- Final additional bonus
- ₹10,000
- Death benefitif death happens in the last policy year: sum assured + bonuses
- ₹9,90,000
- Life coverwhole-life cover after maturity, no further premium
- ₹5,00,000
- Extra on accidental death (DAB)during the premium paying term, up to ₹5 lakh
- ₹5,00,000
- Age at maturity
- 50 years
- Total premium paid₹4,20,00042%
- Net gain₹5,70,00058%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Anand Plan 149?
LIC Jeevan Anand (Table 149) is the plan that made the “Jeevan Anand” name popular: a with-profit endowment policy that also gives lifelong cover. You paid premiums through the policy term, received the sum assured plus bonuses at maturity, and then kept a free life cover equal to the sum assured for the rest of your life.
Plan 149 was withdrawn in 2014 when LIC reworked its range under IRDA’s 2013 product rules. Its successor was New Jeevan Anand 815, later followed by 915 and today’s New Jeevan Anand 715. Many 149 policies are still running or already in the post-maturity stage, so this calculator is built for those policyholders.
Jeevan Anand 149 at a glance
| Feature | Details |
|---|---|
| Table number | 149 |
| Plan type | With-profit endowment + whole-life cover |
| Status | Withdrawn (replaced by Plan 815 in 2014) |
| Entry age | 18 to 65 years |
| Policy term | 5 to 57 years |
| Maximum maturity age | 75 years |
| Minimum sum assured | ₹1,00,000 (multiples of ₹5,000) |
| Premium paying term | Same as policy term |
| Accident benefit | Built-in double accident benefit, up to ₹5 lakh |
| Disability benefit | Extended permanent disability benefit, up to age 70 |
| Loan / surrender | After 3 full years of premiums |
How the calculator estimates the premium
The calculator uses a base rate per ₹1,000 of sum assured that rises with entry age, adjusted for the term: short terms cost more each year, long terms less. Between the reference ages the rate is interpolated. No GST is added, since individual life insurance premiums have been GST-exempt since 22 September 2025.
Example 1: age 30, ₹10 lakh, 20 years: about ₹42,000 a year, ₹8,40,000 in total.
Example 2: age 35, ₹5 lakh, 25 years, monthly: about ₹1,849 a month, ₹5,54,700 in total, for an estimated maturity of ₹11,10,000.
These are rough estimates for an old plan. Your premium receipt shows the exact amount.
Maturity benefit
At maturity the policy pays the basic sum assured + simple reversionary bonuses + final additional bonus. With a ₹48 bonus per ₹1,000 each year, example 1 earns ₹9,60,000 of bonus over 20 years. Adding a final additional bonus of about 2% of the sum assured (₹20,000) gives an estimated ₹19,80,000.
Tip: LIC sends a bonus statement for with-profit policies. Enter the rate shown there for a closer estimate; the LIC bonus calculator helps with year-by-year bonus totals.
Death benefit and lifelong cover
- During the term: sum assured + accrued bonuses + any final additional bonus. In example 1, death in the final year would pay about ₹19,80,000.
- Accidental death during the premium term: an extra amount equal to the sum assured, capped at ₹5 lakh.
- After maturity: the basic sum assured (₹10 lakh in example 1) is paid to the nominee whenever death occurs, with no premium due.
Loan, surrender and paid-up value
After three full years of premiums, the policy acquires a surrender value. You can then take a loan against it, surrender it, or stop paying and let it become paid-up with a reduced sum assured. For a policy this old, surrendering rarely makes sense; estimate the value first with our LIC surrender value calculator.
Tax benefits
Premiums paid qualified for deduction under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime). Maturity and death claims are generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)), subject to the premium-to-sum-assured limits that applied when the policy was issued.
Jeevan Anand 149 vs New Jeevan Anand 815
| Feature | 149 | 815 |
|---|---|---|
| Entry age | 18–65 | 18–50 |
| Policy term | 5–57 years | 15–35 years |
| Accident benefit | Built in | Optional rider |
| Sum assured on death | Sum assured | Higher of 125% SA or 10× annual premium |
Plan 815 narrowed the entry age and term range and turned the accident cover into a rider, but raised the death cover to at least 125% of the sum assured.
How to use this calculator
Enter your entry age, term and sum assured from the policy bond, choose the premium mode and set the bonus rate. The result shows the estimated premium, maturity value, death benefit and lifelong cover. All figures are approximate; we are an independent site, not affiliated with LIC.
Frequently asked questions
Can I still buy LIC Jeevan Anand 149?
No. Table 149 was withdrawn when LIC moved its products to IRDA's 2013 product rules, and New Jeevan Anand 815 took its place in 2014. The current version on sale is New Jeevan Anand 715. Existing 149 policies continue with their original benefits.
What happens to Jeevan Anand 149 after maturity?
You receive the sum assured plus bonuses at maturity, but the cover does not end. A life cover equal to the basic sum assured continues for the rest of your life without any premium, and it is paid to your nominee on death.
How is the Jeevan Anand 149 maturity amount calculated?
Maturity amount = basic sum assured + simple reversionary bonuses for every year in force + final additional bonus. For ₹10 lakh over 20 years at a ₹48 bonus rate, bonuses add ₹9,60,000; with a ₹20,000 final bonus, the estimate is ₹19,80,000.
What is the death benefit under Jeevan Anand 149?
If death occurs during the term, the nominee receives the sum assured plus bonuses accrued so far and any final additional bonus. If death is due to an accident during the premium paying term, an extra amount equal to the sum assured, up to ₹5 lakh, is paid under the built-in accident benefit.
When can I take a loan on my Jeevan Anand 149 policy?
A loan is available once the policy has a surrender value, which needs at least three full years of premiums. The loan is a share of the surrender value, and you can repay it any time or let it be deducted from the claim.
What are the entry age and term limits of Plan 149?
Entry age was 18 to 65 years and the policy term 5 to 57 years, with the condition that the maturity age does not exceed 75. The minimum sum assured was ₹1 lakh.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.