About LIC New Jeevan Anand (Plan 915)
LIC New Jeevan Anand is one of India's most popular participating endowment plans that combines savings + whole-life protection. You pay premiums for the chosen term, receive Sum Assured + bonuses at maturity, and the life cover of full Sum Assured continues for whole life even after maturity — free of cost.
Key Features of Plan 915
- Double benefit: maturity payout + risk cover that never ends
- Death benefit: higher of 125% of Basic Sum Assured or 7× annualised premium, plus vested bonus (minimum 105% of premiums paid)
- Bonus: Simple Reversionary Bonus approx. ₹41–₹49 per ₹1000 SA per year + Final Additional Bonus for longer terms
- Riders: Accidental Death & Disability, Accident Benefit, New Term Assurance, New Critical Illness
- Tax benefits: Section 80C on premium, Section 10(10D) on maturity
- Loan: available after 2 years — up to 90% of surrender value
Jeevan Anand 915 Premium Chart Example (₹10 Lakh Sum Assured)
| Age | Term 15 yrs | Term 21 yrs | Term 25 yrs | Term 30 yrs |
|---|---|---|---|---|
| 25 | ₹75,300/yr | ₹51,400/yr | ₹41,700/yr | ₹33,700/yr |
| 30 | ₹75,500/yr | ₹51,800/yr | ₹42,300/yr | ₹34,600/yr |
| 35 | ₹76,600/yr | ₹53,200/yr | ₹43,800/yr | ₹36,200/yr |
| 40 | ₹77,800/yr | ₹54,500/yr | ₹45,200/yr | ₹37,800/yr |
*Approximate yearly premium (before GST) with yearly-mode rebate. Calculate your exact figure above.
💡 Pro Tip: Choosing a term of 21+ years unlocks higher bonus slabs and Final Additional Bonus, significantly boosting maturity value. Read the full plan analysis in our Jeevan Anand 915 complete guide.