LIC Jeevan Anand Scheme : Looking for a safe, profitable, and tax-saving investment option in India? The LIC Jeevan Anand plan might just be the answer you’re looking for. Trusted by millions, this policy combines the benefits of life insurance and savings under one roof, offering a lump sum amount of up to ₹25 Lakh or more. In this article, we break down how the LIC Jeevan Anand policy works, its key features, benefits, returns, and how you can maximize your earnings from it.
What is LIC Jeevan Anand Plan?
LIC Jeevan Anand (Plan No. 915) is one of the most popular endowment-cum-life insurance plans offered by the Life Insurance Corporation of India. It’s a non-linked, participating policy, which means it is not connected to the stock market and participates in LIC’s annual profits, giving you bonuses over time.
This plan offers a dual benefit: guaranteed returns on maturity and life-long insurance coverage, even after the policy term ends. It’s an ideal choice for individuals looking to secure their family’s financial future while building a lump sum savings corpus.
Key Features of LIC Jeevan Anand Scheme
- Dual Benefit: Offers both savings and life insurance
- Lifetime Coverage: Life cover continues even after maturity
- Bonus Participation: Earns regular reversionary bonuses and final bonus
- Tax Benefits: Premiums paid and maturity proceeds qualify for tax exemptions under Section 80C and 10(10D)
- Loan Facility: Policyholders can avail loan after a few years
- Flexible Policy Term: Choose policy term between 15 to 35 years
- Affordable Premiums: Choose a sum assured based on your budget
How Does LIC Jeevan Anand Work?
When you buy the policy, you select:
- Policy term (in years)
- Basic sum assured (minimum ₹1 Lakh, no upper limit)
- Premium paying frequency (monthly, quarterly, half-yearly, or annually)
During the policy term, you pay regular premiums. At maturity, you receive:
- Basic Sum Assured
- Accrued Reversionary Bonuses
- Final Additional Bonus (if any)
Even after the maturity payout, the life cover continues for your lifetime, providing extra protection.
See more : LIC Kanyadan Yojana
LIC Jeevan Anand Example: ₹25 Lakh Maturity Benefit Illustration
Here’s a sample calculation of returns if a 30-year-old individual buys a ₹10 Lakh Jeevan Anand policy for 21 years.
| Policy Term | Sum Assured | Age at Entry | Annual Premium | Total Premium Paid | Estimated Bonus | Final Bonus | Total Maturity Benefit |
|---|---|---|---|---|---|---|---|
| 21 Years | ₹10 Lakh | 30 Years | ₹48,500 | ₹10,18,500 | ₹11,00,000 | ₹3,00,000 | ₹24,00,000 |
Note: This is an estimated projection based on past LIC bonus rates. Actual returns may vary.
If you opt for a higher sum assured like ₹15 or ₹20 Lakh, the maturity amount can easily reach ₹25 Lakh or more, depending on policy term and age.
Premium Chart: Sample Premiums for Different Sum Assured
Below is a sample annual premium chart for a healthy male, age 30, for 21-year policy term:
| Sum Assured | Annual Premium | Total Premium Paid | Approx. Maturity Benefit |
|---|---|---|---|
| ₹5 Lakh | ₹24,250 | ₹5,09,250 | ₹12,00,000 |
| ₹10 Lakh | ₹48,500 | ₹10,18,500 | ₹24,00,000 |
| ₹15 Lakh | ₹72,750 | ₹15,27,750 | ₹36,00,000 |
| ₹20 Lakh | ₹97,000 | ₹20,37,000 | ₹48,00,000 |
Bonuses are estimated based on historical performance.
Benefits of Investing in LIC Jeevan Anand
1. Risk-Free Investment
LIC is backed by the Government of India, making it one of the safest options available for Indian investors.
2. Lifetime Life Cover
Even after you receive your maturity payout, the life insurance cover continues till your death, without any extra premiums.
3. Tax Savings
You can save up to ₹1.5 Lakh in income tax annually under Section 80C, and maturity proceeds are tax-free under Section 10(10D).
4. Wealth Creation
The combination of sum assured and bonuses helps you build a large financial corpus over time, which can be used for retirement, children’s education, marriage, or buying property.
5. Loan Option
Need money during emergencies? You can take a policy loan after the third year.
LIC Jeevan Anand vs Other Investment Plans
| Features | LIC Jeevan Anand | PPF | Mutual Funds | Term Insurance |
|---|---|---|---|---|
| Life Cover | Yes | No | No | Yes |
| Returns | Moderate + Bonus | Low | High-Risk | No Returns |
| Tax Benefits | Yes | Yes | Yes | Yes |
| Loan Facility | Yes | Yes | No | No |
| Market Risk | None | None | High | None |
| Maturity Benefit | Guaranteed | Guaranteed | Not Guaranteed | None |
Is LIC Jeevan Anand Right for You?
You should consider LIC Jeevan Anand if:
- You want long-term savings with life insurance
- You prefer guaranteed returns over market-linked returns
- You’re looking for tax-saving instruments
- You want to leave a financial legacy for your loved ones
This plan is ideal for salaried individuals, business owners, or anyone with a long-term vision for wealth accumulation and financial security.
Tips to Maximize Returns from LIC Jeevan Anand
- Start early – the younger you are, the lower the premiums
- Choose a longer policy term for better returns
- Pay premiums annually to reduce the total cost
- Avoid lapsing the policy – keep premiums paid up
- Reinvest the maturity amount for compounding benefits
The LIC Jeevan Anand scheme is more than just a life insurance policy—it’s a powerful savings and investment tool that ensures both financial growth and protection. With the potential to receive ₹25 Lakh or more in one go, it’s a smart choice for those who value guaranteed returns, lifelong security, and peace of mind.
However, while LIC Jeevan Anand is a reliable and safe option, it’s not suitable for investors seeking high short-term returns. Always evaluate your financial goals and consult with a LIC advisor before purchasing.