LIC New Jeevan Anand (815) Explained
Published on 2026-06-07 • 7 min read
LIC New Jeevan Anand Plan 815 is one of the most unique LIC plans because it gives you both maturity benefit AND whole life cover. Even after the policy matures, your life is still insured.
What is LIC New Jeevan Anand?
Jeevan Anand is a whole life endowment plan. It has two parts:
- Endowment part: You get a lump sum at maturity (at end of policy term)
- Whole life part: After maturity, your Sum Assured continues as life cover till death (or age 100)
Plan Numbers
| Plan Number | Version | Status |
|---|---|---|
| 715 | Oldest version | Withdrawn |
| 815 | Revised version | Available (some areas) |
| 915 | Latest version | Currently sold |
Key Features
| Feature | Details |
|---|---|
| Entry Age | 18 to 50 years |
| Policy Term | 15 to 35 years |
| Minimum Sum Assured | ₹1,00,000 |
| Premium Payment | Regular (throughout policy term) |
| Bonus | SRB annually + FAB at maturity |
| Whole Life Cover | Continues after maturity till death |
How Maturity Works
At the end of the policy term:
- You receive: Sum Assured + All Bonuses + FAB
- Your life cover of Sum Assured continues till death (no more premium needed)
- When you die after maturity, your nominee gets the Sum Assured again
Example: If Sum Assured = ₹10 lakh and policy matures after 25 years, you get ₹25–30 lakh at maturity. But your family still gets ₹10 lakh when you die — even 20 years later!
Real Example
- Age: 30 years
- Sum Assured: ₹10,00,000
- Policy Term: 25 years
- Yearly Premium (approx): ₹44,000
- Total Premium Paid: ₹11,00,000
- Estimated Maturity Amount: ₹28,00,000 – ₹35,00,000
- After Maturity: Life cover of ₹10 lakh continues till death
Death Benefit During Policy Term
If you die before maturity:
- Nominee gets: Sum Assured + All Accumulated Bonuses + FAB
- This is called "Death Sum Assured" (higher of 125% of SA or 10× annual premium)
Why Choose Jeevan Anand Over Other Plans?
- ✅ You get maturity amount AND life cover continues
- ✅ Family is protected even after you receive maturity money
- ✅ Good for people who want whole life protection
- ✅ Bonus makes maturity amount significantly higher than premiums paid
Jeevan Anand vs Jeevan Labh
| Feature | Jeevan Anand | Jeevan Labh |
|---|---|---|
| Premium Payment | Regular (full term) | Limited (shorter) |
| After Maturity Cover | Yes (whole life) | No |
| Maturity Amount | Good | Better (less premium, more corpus) |
| Best For | Whole life protection | Building corpus |
Final Verdict
LIC Jeevan Anand is best for people who want
maturity benefit + lifelong life insurance protection. If protecting your family after maturity is important, this plan is unique and valuable.
Disclaimer: Actual premium and maturity amount depends on age, term, and LIC bonus rates. Consult an LIC agent for exact figures.
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