LIC Jeevan Anand (Plan 815/915) Calculator
Compute yearly premium and dual maturity benefit (Sum Assured + Bonus + Life cover) for New Jeevan Anand.
Take this from your policy document — it depends on your age at entry.
Declared each year by the insurer; recent rates are ₹40–50.
Paid only at maturity on longer-term policies.
| Component | Amount |
|---|---|
| Basic sum assured | ₹5,00,000 |
| Simple reversionary bonus (20 years) | ₹4,50,000 |
| Final additional bonus | ₹2,50,000 |
| Maturity value | ₹12,00,000 |
Jeevan Anand
Cover continues for life after maturity, which is why the premium is higher for the same sum assured.
Bonus = (SA ÷ 1000) × ₹45 × 20 years = ₹4,50,000
The internal rate of return of 8.08% is computed from the actual premium and maturity cash flows. Compare it against a PPF or debt fund before treating an endowment policy as an investment.
LIC Jeevan Anand (Plan 815/915) Calculator: how it works
Jeevan Anand pays out at maturity and keeps the death cover running for life afterwards, which is why its premium is higher than a plain endowment.
The distinguishing feature
Most endowment policies end when they mature. Jeevan Anand pays the maturity benefit and then continues to provide death cover for the sum assured for the rest of the policyholder’s life, with no further premium.
Maturity calculation
Maturity = Sum assured + Reversionary bonus + Final additional bonus
Worked example · ₹10 lakh sum assured over 20 years
Given
- Sum assured: ₹10,00,000
- Term: 20 years
- Bonus: ₹45 per ₹1,000 per year
- FAB: ₹500 per ₹1,000
Working
- 1Reversionary = 1000 × 45 × 20 = ₹9,00,000
- 2FAB = 1000 × 500 = ₹5,00,000
- 3Maturity = 10,00,000 + 9,00,000 + 5,00,000
₹24,00,000, with ₹10,00,000 death cover continuing for life
Is the lifelong cover worth the premium?
The additional premium buys whole-life cover for the sum assured. Whether that is good value depends on how much you need cover in old age — by which point children are usually independent and a mortgage is usually cleared.
Frequently asked questions
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