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 This plan has already been withdrawn from sales and is not available for new sales.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.

13 thoughts on “LIC Jeevan Anand 149 – Features, Benefits and Maturity Calculator

  • April 24, 2018 at 5:12 pm
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    Can i change the nominee?

    Reply
    • May 1, 2018 at 6:53 am
      Permalink

      Sure You can change your nominee any time. Please approach your nearest branch office to do nomination change.

      Reply
  • May 4, 2018 at 6:49 am
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    Shall i get money after my premium paying term

    Reply
    • May 6, 2018 at 2:28 pm
      Permalink

      You will get Maturity Benefit after the premium paying term. Maturity amount includes Sum Assured + Bonus + Final Additional Bonus. Life long cover continues even after premium paying term.

      Reply
  • May 25, 2018 at 8:30 am
    Permalink

    here the maturity date mentioned is 2072, but paying term is 12 years. So, when i will get the benefits or final settlement. Insurer is healthy.

    Jeevan Anand plan 149

    Age
    40 Yrs
    Policy Benefits
    ₹ 1,00,000
    Premium Paying Term
    12 Yrs
    Policy Term
    60 Yrs
    Commencement Date
    05/01/2012
    Date of Maturity
    05/01/2072

    Reply
    • May 26, 2018 at 5:57 am
      Permalink

      In Jeevan Anand Plan, Maturity amount which includes Sum Assured, Accrued bonus and final additional bonus(if any) shall be available after premium paying term. Life long coverage continues till 100 years of age. That is the reason why maturity is given as 2072.

      Reply
  • June 1, 2018 at 6:03 am
    Permalink

    Hello – I have Jeevan Anand 149 Policy. There is an endorsement that states “Double Accident benefit and extended disability benefit under this policy is restricted to Rs. NIL only. What does this mean?

    Reply
    • June 12, 2018 at 2:46 pm
      Permalink

      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. So no such endorsement is possible in this plan. Please clarify with your nearest LIC branch office.

      Reply
      • June 13, 2018 at 3:55 pm
        Permalink

        i could have worded incorrectly. It is not an endorsement. Those words that i had mentioned was stamped and the word “NIL” has been hand-written. This is my SECOND jeevan anand policy. The branch office said that for Jeevan Anand the maximum DAB is 5 lakhs only. But that is not mentioned in the schedule…i mean there is no statement mentioning like irrespective of the number of Jeevan Anand Policies taken, the max DAB is 5 lakhs. Any thoughts here?

        Reply
  • June 5, 2018 at 3:21 am
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    I asked the agent for 50Lakhs sum assured policy. He gave it to me in 26 differnet policies with different paying terms for each. He also told that I don’t have to pay any premiums after 17 years even though the payment terms in all but one policy is more than that. I don’t understand why that was done so. Any advice?

    Reply
    • June 12, 2018 at 2:35 pm
      Permalink

      I think the agent has given a series of policies maturing every year from the 17 th year. There are some advantages as well as disadvantages while splitting policies in this manner. One advantage is that as each policy mature every year it will work as a pension plan and there will not be any tax burden on the pension received in this manner as the maturity amount of the policy is tax exempted under section 10(10D). On the other hand if you take a regular pension plan, the pension received will be taxable and will be added to your income. You may loose higher Sum Assured rebate if each of the policies are splitted into small policies. You will have to pay premium for entire period but the agent may be presuming that the premium can be paid from the maturity amount paid every year.
      Agent should have communicated clearly about the implications of giving multiple policies.

      Reply
  • June 8, 2018 at 5:42 am
    Permalink

    Age
    27 Yrs
    Policy Benefits
    ₹ 5,00,000
    Premium Paying Term
    16 Yrs
    Policy Term
    73 Yrs
    Commencement Date
    03/03/2011
    Date of Maturity
    03/03/2084

    Sir, Please tell me, when i will get the maturity money?

    Reply
    • June 12, 2018 at 2:22 pm
      Permalink

      Maturity Benefit of the policy will be available on 2027 (After the premium paying term)

      Reply

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