LIC Jeevan Anand 149 – Features, Benefits and Maturity Calculator

LIC Jeevan Anand 149 – Features, Benefits and Maturity Calculator. Jeevan Anand (Plan 149) is by far one of the most popular insurance plan from the one and only public sector insurer – Life Insurance Corporation of India. This plan has already been withdrawn from sales and is not available for new sales. LIC has introduced another similar plan as the successor of Jeevan Anand (149) plan with the name New Jeevan Anand and bears the plan number 815.

Key Features of LIC Jeevan Anand – Plan 149
  • Plan is a combination of an Endowment Assurance plan and a Whole Life plan.
  • Maturity benefit includes Sum Assured + Accrued (Simple reversionary) Bonus + Final addition bonus (If any) and shall be available after the completion of the term.
  • Death coverage during the term of the policy shall include Sum assured + Accrued bonus
  • Insurance Coverage equal to the Sum Assured shall continue even after the maturity and shall be available for life time or 100 years of age which ever is earlier.
  • Double accident benefit and extended permanent disability is available as an inbuilt benefit under this plan and shall be available during the term of the plan and also till age up to 70 years. Maximum DAB & EPDB cover will be Rs. 5 lakhs.
  • Critical Illness Rider provides coverage for specified critical illnesses and shall be available as an optional rider.
LIC Jeevan Anand 149 – Conditions and restrictions
Condition Minimum Maximum
Age at entry 18 years 65 Years
Premium Paying Term 5 Years 57 Years
Sum Assured 1,00,000 No Limit
Sum Assured Rebate
Sum Assured Rebate
Up to 2.95 lakh Nil
3 lakh to 4.95 lakh Rs. 1 per 1000 Sum assured
5 lakh to 9.95 lakh Rs. 1.50 per 1000 Sum assured
10 lakh and above Rs. 1.75 per 1000 Sum assured
Mode Rebate
Yearly mode 3% of tabular premium
Half-yearly mode 1.5% of tabular premium
Quarterly, Monthly and SSS NIL
Premium and Benefit Calculator – LIC Jeevan Anand 149

Premium, Benefit and Maturity calculator for LIC Jeevan Anand (Plan 149) is an online calculator to understand all the benefits of the plan in an easy manner.This calculator can provide you all details on what you are paying, pattern of insurance coverage, maturity benefits etc. You can supply your own details such as Age, Sum Assured, Term etc and get complete details of the plan in a table format.

lic jevvan anand 149

LIC Jeevan Anand 149 – Example of Benefits.

In order to understand the benefits of Jeevan Anand Plan let us consider an example. Let us assume that a 30 year old person is taking a 10,00,000 policy with term 25 years. The benefits as per the current bonus rates shall be as given below.

LIC Jeevan Anand 149 illustration of Example of benefits

Yearly premium required is Rs.41,206 and the premium has to be paid for 25 years. Total premium paid is Rs. 10,30,150. The maturity benefit* of the plan as per the current bonus rate is Rs. 26,35,000. Additional whole life coverage of Rs.10,00,000 also shall be available.

So the total benefit payable form LIC shall be to the tune of Rs.36,35,000, including the whole life coverage.

The benefits shown above are as per the parameters mentioned above. If you want to get the benefit illustration based on your own details, please use the online calculator.

Disclaimer* The illustrations shown above are as per the current bonus rates of the plan. The amount shown is not guaranteed and the actual returns shown can vary based on the actual experiences of the corporation.

Read more:

LIC’s New Jeevan Anand (Plan 815) all details, benefits and calculators.

Anish L J
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Anish L J

Anish L J is a finance, insurance and software consultant with more than 18 years of experience in these fields. He thoroughly follows developments in insurance and finance. 'INSURANCE FUNDA' (www.insurancefunda.in) is his endeavour to provide simple and solid solutions in the Insurance and Finance sectors.
Anish L J
Follow me

Anish L J

Anish L J is a finance, insurance and software consultant with more than 18 years of experience in these fields. He thoroughly follows developments in insurance and finance. 'INSURANCE FUNDA' (www.insurancefunda.in) is his endeavour to provide simple and solid solutions in the Insurance and Finance sectors.

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