📌 What Is lic jeevan Anand (Plan 915)?

LIC New jeevan Anand Plan 915 is a participating (with‑profits) life insurance policy that combines savings and lifetime protection. It gives you:

• A lump sum maturity payout at the end of the chosen term.
• Life cover throughout your life, even after the policy term ends.
• Bonus additions during and at the end of the policy.
• Death benefits for the nominee if the policyholder dies during the term.

The plan lets you choose a term from 15 to 35 years and a basic sum assured starting at ₹1 lakh or more.

🧮 How It Can Build ₹25 Lakh Wealth

A popular way to evaluate this plan is by looking at a long‑term example — typically over a 35‑year period (the maximum term):

📍 Example Scenario

• Basic Sum Assured: ₹5 lakh
• Policy Term: 35 years
• Annual Premium: Approx ₹16,300 (≈ ₹1,358/month ≈ ₹45/day)
• Total Premium Paid Over Term: ₹5.7 lakh

After paying premiums throughout the term:

• Revisionary Bonus: Approx ₹8.60 lakh
• Final Additional Bonus: Approx ₹11.50 lakh
• Maturity Corpus at 35 years: ~₹25 lakh

So by paying a modest premium consistently over decades, the policy grows into a data-sizeable lump sum due to bonus accruals declared by LIC.

📊 Breakdown of Benefits

🟩 1. Maturity Benefit

At the end of the policy term (if you survive), lic pays:

➡ Basic Sum Assured

• Simple Reversionary Bonuses (accumulated annually)
• Final Additional Bonus (FAB) (if applicable)
  This lump sum can become the source of your ₹25 lakh wealth.

🟨 2. Death Benefit

If you die during the policy term:

➡ Higher of:

• 125% of Basic Sum Assured or
• 7 × Annualized Premium
  …plus bonuses already accrued.
  This amount is paid to your nominee.

Even if death occurs after maturity, your nominee still receives the Basic Sum Assured (life cover continues).

🟦 3. Lifetime Life Cover

One of the standout features of jeevan Anand is that after maturity, you continue to enjoy life cover till death without paying further premiums. If you pass away after maturity, your nominee receives the basic sum assured (e.g., ₹5 lakh).

🟪 4. Tax Benefits

• Premiums paid qualify for deduction under Section 80C of the Income Tax Act.
• Maturity and death proceeds are usually tax‑free under Section 10(10D).

🧠 How It Works Over Time

✔ Bonus additions: lic declares simple reversionary bonuses annually based on profit experience — these build up alongside your sum assured.
✔ Final addition bonus: Paid at maturity if applicable, adding significant value.
✔ Premium discipline: Paying regularly over the long term allows bonuses to accumulate, which is why the maturity value can far exceed the total premiums paid.

📍 What You Should Keep in Mind

✅ Long‑Term Commitment: To maximize growth (e.g., reach ₹25 lakh), you often need to stick with the policy for decades.
❗ Bonus rates fluctuate: Bonuses are not guaranteed; they depend on LIC’s declared rates year‑by‑year — so the maturity figure is illustrative, not a guaranteed minimum.
⚠️ Returns vs. alternatives: Traditional with‑profits plans like this tend to have modest returns compared to some market‑linked options.

🧾 Is It Right for You?

This plan suits those who want:

• Life cover plus savings in one product.
• A forced long‑term savings discipline.
• Tax‑efficient maturity proceeds.
• A lifetime insurance cushion beyond term.

However, if your priority is higher market returns, you may also consider a term plan + separate investment strategy (e.g., mutual funds), as insurance‑cum‑investment products generally give moderate long‑term returns.

📌 Summary: Build ₹25 Lakh with jeevan Anand

Feature

Value Estimate

Daily commitment

~₹45/day

Total premiums over 35 yrs

~₹5.7 lakh

Maturity corpus (est.)

~₹25 lakh

Life cover

Continues after maturity

Tax benefits

Sec 80C & 10(10D)

With disciplined premium payments and bonus accruals, LIC jeevan Anand Plan 915 can help you build a substantial long‑term corpus — potentially around ₹25 lakh — plus provide lifelong insurance cover.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.