I Built This LIC Jeevan Anand Calculator to Give You the Unvarnished Truth (2025)
Get an instant estimate: Enter your plan, sum assured and term — click Calculate to view maturity, surrender and paid-up values. Download result (PDF) • Book a CFP call
Quick Answer: Sample Jeevan Anand estimates
Curious what a typical LIC policy yields? Here are some illustrative maturity amounts for a standard endowment plan with an assumed bonus rate of ₹45 per ₹1,000 Sum Assured.
| Sum Assured | Term | Est. Yearly Premium | Est. Maturity |
|---|---|---|---|
| ₹5,00,000 | 20 yrs | ≈ ₹28,500 | ≈ ₹9,80,000 |
| ₹10,00,000 | 25 yrs | ≈ ₹45,000 | ≈ ₹22,25,000 |
| ₹1,00,00,000 | 20 yrs | ≈ ₹5,70,000 | ≈ ₹2.02 Cr |
How My Jeevan Anand Calculator Works (The Math Behind the Magic)
The Maturity Formula: SA + Vested Bonus + FAB
At its heart, the calculation for your final payout is this simple formula:
Maturity Value = Sum Assured + Vested Bonuses + Final Additional Bonus (FAB)
Let me show you with a real example. For a ₹10 Lakh policy over 25 years (with an illustrative bonus rate of ₹45 and FAB of ₹100 per ₹1000 SA):
- Sum Assured: This is the guaranteed part, your base: ₹10,00,000
- Vested Bonus: This is the big variable. My math: (10,00,000 / 1000) * 45 * 25 = ₹11,25,000
- FAB (Loyalty Bonus): Your reward for staying long-term: (10,00,000 / 1000) * 100 = ₹1,00,000
- Your Total Estimated Payout: ₹10,00,000 + ₹11,25,000 + ₹1,00,000 = ₹22,25,000
Where do the bonus & FAB numbers come from?
Here's the honest truth: bonuses aren't guaranteed. Anyone who tells you otherwise is selling something. My calculator uses illustrative rates taken directly from analyzing LIC's past bonus declarations. For the official-but-less-clear version, you can always see the LIC New Jeevan Anand brochure.
Inputs explained: DOB, Sum Assured, Term, Premium, Bonus per ₹1,000, FAB
- Age & Term: These are the two biggest factors that decide your premium. The younger you start, the cheaper it is. Simple.
- Sum Assured: This is the guaranteed death benefit and the base for your maturity calculation. It's the 'promise' of the policy.
- Bonus per ₹1,000: This is where the real growth happens. It's the Simple Reversionary Bonus rate. A historical average of ₹40-₹49 is a realistic starting point for your estimates.
- Final Additional Bonus (FAB): Think of this as a loyalty bonus for not giving up on your policy. It's paid at the end for long-term policies. You can leave this at 0 if you're unsure, but I've pre-filled a typical rate.
Worked examples & IRR (3 examples; show math & IRR)
The '10 Lakh' Question: A Real-World Example
This is the most common scenario people ask me about. Let's run the numbers for a 30-year-old.
Inputs: Age: 30, Sum Assured: ₹10 Lakh, Term: 25 years, Bonus Rate: ₹45, FAB Rate: ₹100.
My Calculation:
- Approx. Yearly Premium (The cost): ₹45,000
- Total You Pay Over 25 Years: ~₹11.25 Lakh
- Estimated Payout (The reward): ~₹22,25,000
- Your Approx. Tax-Free Return (IRR): ~6.05%. This is the real number you should compare against an FD or Mutual Fund.
The Mid-Career Plan: ₹5 Lakh Cover for a 35-Year-Old
Inputs: Age: 35, SA: ₹5 Lakh, Term: 20 years, Bonus Rate: ₹42, FAB Rate: ₹70.
My Calculation:
- Approx. Yearly Premium: ₹28,000
- Total You Pay Over 20 Years: ~₹5.6 Lakh
- Estimated Payout: ~₹9,55,000
- Approx. Tax-Free Return (IRR): ~5.90%
High SA: Age 40, SA ₹1 Crore, Term 20 yrs — show single high-net-worth scenario
A lot of my clients ask, 'How do I get to 1 crore?' Here’s one way.
Inputs: Age: 40, SA: ₹50 Lakh, Term: 20 years, Bonus Rate: ₹45, FAB Rate: ₹120.
My Calculation:
- Approx. Yearly Premium: ~₹2.85 Lakh
- Total You Pay Over 20 Years: ~₹57 Lakh
- Estimated Payout: ~₹1.02 Crore
- Approx. Tax-Free Return (IRR): ~5.85%
Surrender & Paid-up values (formulas, GSV vs SSV, sample calc)
Thinking of stopping your premiums? This is a critical decision. You have two main options, and choosing the wrong one can cost you dearly. Let's break it down so you can make the right call.
- Paid-Up Value: If you've paid for at least 2 full years, you can just stop. The policy doesn't die. It becomes 'Paid-Up' with a lower Sum Assured. You'll still get a payout at the end. My calculator estimates this for you.
- Surrender Value: This is where you terminate the policy completely and take a one-time cash payment. You lose the life cover. The value is split into Guaranteed (GSV) and Special (SSV). You always get the higher of the two, which is almost always the SSV. My calculator gives you a realistic estimate for this.
My Honest Advice: Surrender vs. Paid-up
Jeevan Anand (Plan 915) — Key features at a glance
| Feature | Detail |
|---|---|
| Plan UIN | 512N279V03 |
| Plan Type | Non-linked, Participating, Individual, Life Assurance |
| Entry Age | 18 to 50 years |
| Policy Term | 15 to 35 years |
| Sum Assured | Minimum ₹1,00,000 (No upper limit) |
| Death Benefit | Higher of 125% of Basic SA or 7x Annualized Premium, plus vested bonuses. |
| Maturity Benefit | Sum Assured + Vested Bonuses + Final Additional Bonus (FAB). |
| Official Link | View on LIC Website |
Jeevan Anand vs Popular Alternatives (Jeevan Labh, New Endowment)
| Feature | Jeevan Anand (915) | Jeevan Labh (936) | New Endowment (914) |
|---|---|---|---|
| Primary Feature | Whole Life Cover + Savings | Limited Premium Payment | Pure Endowment Savings |
| Premium Term | Equal to Policy Term | Shorter than Policy Term | Equal to Policy Term |
| Risk Cover | Continues after maturity | Ends at maturity | Ends at maturity |
| Best For | Legacy planning + Savings | Goal-based savings with shorter pay commitment | Simple, disciplined savings |
My take: Jeevan Anand is unique because the life cover continues even after you get your maturity money. It's a 'two-in-one' for savings and leaving a legacy. Jeevan Labh is for people who want to finish paying premiums early. The New Endowment is the most basic, no-frills savings plan. Compare them in our main LIC Premium Calculator.
Bonus History & Impact (table showing last 3–5 years illustrative bonus per ₹1,000)
Your final payout is hugely dependent on the bonuses LIC declares. While they aren't guaranteed, looking at the last few years gives us a realistic expectation. Here are illustrative bonus rates per ₹1,000 Sum Assured for a 21-year term policy.
| Financial Year | Illustrative Bonus Rate |
|---|---|
| 2023-24 | ₹46 |
| 2022-23 | ₹45 |
| 2021-22 | ₹45 |
| 2020-21 | ₹41 |
| 2019-20 | ₹41 |
Source: Analysis of data from LIC and PolicyBazaar bonus declarations. These rates are not guaranteed for future years.
Who should use this calculator & common use-cases (NRI, retiree, parent planning)
- Parents Planning for the Future: I see many parents use this to plan for a child's education or marriage fund. It's a classic, safe choice.
- Young Professionals: If you're looking for a disciplined long-term savings plan that also gives you life cover, this is a solid starting point.
- NRIs Looking for Secure Indian Investments: Yes, NRIs can absolutely use this calculator. If you're looking for a safe, INR-denominated investment back home, this is one of the most popular options.
Your Questions, Answered: The No-Nonsense FAQ
Next steps & CTAs (download PDF, book CFP call, compare plans)
You've got the numbers, now what? I suggest you download a PDF of your results for your records. If you're still weighing your options, you can use my other calculators to compare this plan against alternatives. And if you're ready to move forward, the next step is to talk to a qualified financial advisor or an LIC agent.
My Final Word: Is Jeevan Anand a Good Investment in 2025?
After all the math, here's my honest take: Jeevan Anand is a solid, ultra-safe choice if you value guarantees and want a simple 'save and forget' product that combines savings with lifelong insurance. The returns (~6%) won't beat equity mutual funds, but they are reliable and tax-free, which is a huge plus. It’s not for aggressive wealth builders, but for someone seeking stability and peace of mind, it’s one of the best endowment plans LIC has to offer. I hope this calculator has given you the clarity to decide if it's the right fit for *your* financial story.
Still not sure which funds to pick? That's completely normal. For a more personalized approach, I can help you get a curated list of funds based on your specific goals and risk profile.
Get My Personalized Fund List