LIC Jeevan Anand (Plan 149)

Q: What is the difference between LIC Jeevan Anand 149 and 715?

Plan 149 is the older version of the plan. The successor, Plan 715 (New Jeevan Anand), has updated tabular rates, modern features, and higher bonus accumulation. New buyers can only get Plan 715.

LIC Jeevan Anand (Plan 149) - Overview

LIC Jeevan Anand (Plan 149) was the original combination of Endowment Assurance and Whole Life plan. The unique feature was that it pays the maturity benefit at the end of the policy term AND continues to provide life cover of the same Sum Assured (without further premiums) till age 100.

Plan 149 has been withdrawn from new sales and replaced by Plan 715 (New Jeevan Anand). However, all existing 149 policies continue to be honoured in full — premiums are collected, bonuses declared, and maturity benefits paid exactly as per the original policy terms.

Why Plan 149 is Special

✅ Two benefits in one plan — maturity benefit at end of term + lifelong cover.
✅ No premium after maturity — life cover continues for life without paying more.
✅ Full Sum Assured on death — at any age till 100 (after policy term).
✅ Bonus & FAB — participating plan, eligible for all bonuses.
✅ Tax benefits — premium under 80C, maturity under 10(10D).

Plan 149 vs Plan 715 (New Jeevan Anand)

Feature	Jeevan Anand 149 (Legacy)	New Jeevan Anand 715 (Current)
Status	Withdrawn from new sales	Available for purchase
Tabular premium rates	Older rates	Updated rates
Bonus rate	Older bonus structure	Updated bonus rate (~₹52 per 1000 SA)
FAB rate	As per then-prevailing LIC rules	Updated FAB structure
PPT	Equal to policy term	Equal to policy term
Term options	5 to 35 years	15 to 35 years
Age at entry	18 to 60 years	18 to 65 years
Lifelong cover	Yes (till 100)	Yes (till 100)

Key Benefits of Existing 149 Policies

On Maturity (End of Policy Term)

Sum Assured + Accrued Simple Reversionary Bonus + FAB (if any) is paid as a lump sum.
After maturity, the life cover continues for the same Sum Assured till age 100 — without paying any more premium.

On Death (During the Policy Term)

Sum Assured + Accrued Bonus till date of death + FAB (if any) — paid to the nominee.
No further premiums required after death — full benefit paid in one lump sum.

On Death (After Maturity, till Age 100)

Full Sum Assured is paid to the nominee — no further bonus or FAB.

Example Maturity Calculation

Ramesh bought LIC Jeevan Anand (149) at age 30 with SA = ₹5,00,000 and 20-year term.

Approximate yearly premium: ~₹34,000 (before GST)
Yearly premium with 18% GST: ~₹40,120
Total premiums paid (20 years): ~₹8,02,400
Accrued bonus (~₹50 per ₹1,000 SA × 20 years): ~₹5,00,000
Estimated FAB: ~₹50,000
Total Maturity Value (year 20): ~₹10,50,000
Plus: Lifelong cover of ₹5,00,000 from age 50 to age 100 (no more premiums needed)

Bonus & FAB History for Plan 149

LIC declares bonuses for participating plans (including Plan 149) every year. The bonus is added to your policy on a cumulative basis. Recent indicative rates:

Simple Reversionary Bonus: ~₹48-50 per ₹1,000 Sum Assured per year (varies by year)
Final Addition Bonus (FAB): paid at maturity, ~₹100-110 per ₹1,000 Sum Assured (one-time)

Frequently Asked Questions

Is LIC Jeevan Anand 149 still available?

No, Plan 149 has been withdrawn from new sales. However, all existing policies continue to be serviced in full — premiums are collected, bonuses declared, and maturity benefits paid exactly as per the original policy terms. The successor plan for new buyers is LIC New Jeevan Anand (715).

What is the difference between LIC Jeevan Anand 149 and 715?

Plan 149 is the older version with older tabular rates and bonus structure. Plan 715 (New Jeevan Anand) is the successor with updated tabular premium rates, higher bonus accumulation (around ₹52 per ₹1,000 SA per year vs older rates), and the same lifelong cover feature till age 100. New buyers can only get Plan 715.

How much bonus does LIC Jeevan Anand 149 give?

LIC declares a Simple Reversionary Bonus for Plan 149 every year. The rate is per ₹1,000 Sum Assured per year. Recent indicative rates are around ₹48-50 per ₹1,000 SA per year, plus a Final Addition Bonus (FAB) at maturity of around ₹100-110 per ₹1,000 SA.

What happens to my Jeevan Anand 149 policy if I miss a premium?

If you miss a premium, the policy lapses. You can revive it within the revival period (typically 5 years from the date of first unpaid premium) by paying all unpaid premiums with interest and any applicable medical fees. Use our Revival Calculator to estimate the revival cost.

Can I surrender my Plan 149 policy?

Yes, you can surrender Plan 149 after 3 full years of premium payment. You'll receive the Guaranteed Surrender Value (GSV) and may also be eligible for Special Surrender Value (SSV) based on accrued bonuses. Use our Surrender Value Calculator for an estimate.

What is the loan facility in Jeevan Anand 149?

After 3 years of premium payment, you become eligible for a policy loan from LIC. The loan amount is typically up to 90% of the surrender value, with interest charged at LIC's then-prevailing rate. Use our LIC Policy Loan Calculator to estimate the loan amount.

Estimate the maturity of your existing Jeevan Anand 149

LIC Jeevan Anand (149) Premium & Benefit Calculator