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 This plan has already been withdrawn from sales and is not available for new sales.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

53 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
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      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
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      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
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    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
      • August 14, 2018 at 9:17 am
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        Hi Mr Anish LJ I have a doubt can I surrender after maturity premium paying term . if 5 lakh is my Sum assured amount normally am getting arount 690000 that’s nice the rest amount till 100 age ..can I surrender for this coverage and what is amount am getting for this surrender. pl reply

        Reply
        • August 15, 2018 at 10:31 am
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          Dear Firoz,
          You can surrender the insurance coverage available after the maturity in Jeevan Anand plan. Please refer to this chart.Surrender value chart of Jeevan Anand

          Reply
  • June 1, 2018 at 6:03 am
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    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
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        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 19, 2018 at 2:58 pm
          Permalink

          Yes, what you said is right. Maximum DAB allowed under Jeevan Anand policy is 5 Lakh and if you have already covered that 5 lakh in your first policy itself, then no DAB shall be available in your second policy. That is the reason why DAB is given as NIL in your second policy.

          Reply
          • June 20, 2018 at 5:37 am
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            But, no where in the schedule i see a statement like “irrespective of the number of Jeevan Anand Policies taken, the max DAB is 5 lakhs”. Is this been mentioned somewhere, that i am overlooking?

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

      Reply
  • June 13, 2018 at 11:12 am
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    Dear sir, what is the procedure for availing accident benefits under this plan in case of hospitalization ?

    Reply
    • June 19, 2018 at 3:14 pm
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      Accident coverage available under the plan is for accidental death and permanent disability (which is irreversible) only. No hospitalisation benefit shall be available under accident benefit.

      Reply
  • June 20, 2018 at 7:38 am
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    is it possible to change the premium paying term and what is the process?.

    Reply
    • June 25, 2018 at 5:09 am
      Permalink

      You can change the term subject to certain conditions. You can reduce the term of the policy but cannot increase it. As all policies do not allow term change please give the plan details for further information.

      Reply
  • June 29, 2018 at 12:17 pm
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    Want to buy 5 years policy.Age is 46.Please give me best policies.

    Best Regards

    Rajesh

    Reply
    • July 1, 2018 at 1:38 pm
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      LIC do not have any 5 Year policy.

      Reply
  • July 1, 2018 at 7:49 pm
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    I am paying a yearly premium of 49,872 and the number of terms is 21 and Sum Assured is 10,00,000. Using the premium calculator, the maturity benefit showed a value of 21,29,000 (SA 10,00,000 Bonus 1029000 & FAB 1,00,000).
    So does this mean I will be receiving an amount of 21,29,000 after completion of the 21 terms with additional life long coverage of 10,00,000?

    Reply
    • July 8, 2018 at 7:15 am
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      Exactly. This is the indicative maturity amount as per the current bonus rates and you will have a life long coverage of 10 lakh.

      Reply
  • July 10, 2018 at 8:25 am
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    Dear Sir, I hope you are doing well. I would like to have a clarification in my policy. Kindly find the below details of my policy and let me know, when i will get the maturity money and how much amount will i get ? What other benifits will i get. Thanks

    Age – 31

    Sum Assured – 1000000

    Premium Paying Term – 11 Years

    Policy Term – 69 Years

    Date of Maturity – 07/07/2081

    Instalment Premium – 54304 (Per Year – 108608)

    Premium Mode – Half-Yearly (January & July)

    Commencement Date – 07/07/2012

    Date of Last Payment – 07/01/2023

    Reply
    • July 14, 2018 at 8:53 am
      Permalink

      The maturity date of your policy is 07/07/2023 and you will get 10 lakh + accrued bonus at that time. Please use calculator provided to get indicative amount.

      Reply
  • July 11, 2018 at 6:33 am
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    what amount is recoverable after premium payment term in jeevan anand plan -149?
    whether the amount recoverable is maturity amount or less?
    and when this amount could be recovered?

    Reply
    • July 14, 2018 at 8:50 am
      Permalink

      After premium payment term, Jeevan Anand matures and Sum Assured + bonus + final addition bonus shall become payable. Life long coverage equal to Sum Assured shall be available there after.

      Reply
  • July 17, 2018 at 8:36 am
    Permalink

    Hello Sir, Thank for the clear information about the maturity and still my confusion remain about the final settlement, try to get the information form many of LIC officers and they have no clear information.
    As you clearly illustrate that Return amount from LIC will be 36,35,000 /-, please clarify that physically i will get 36.35 Lack or 25.35 Lack only. because 10 Lack is belongs to life time insurance coverage of 10 lack, if i wish to cancel that coverage, should i eligible to get the 36.35 Lack ?

    Regards,
    SANDESH

    Reply
    • July 17, 2018 at 9:22 am
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      Referring to above my question, i have been informed from agent that i shall get almost 50 lacks during my maturity period ( My policy is 20 Lacks for 16 year, as per your calculation ill eligible to get around 34.5 lack+ 20 lack life time coverage.

      Reply
      • July 18, 2018 at 3:45 pm
        Permalink

        This is the calculation based on current bonus rates. Maturity benefit includes 20 lakh sum assured + Accrued bonus + FAB ( approx 34.5 lakh) and life long coverage of 20 lakh. So total benefit is likely to the tune of 54.5 lakhs.

        Reply
  • July 19, 2018 at 1:41 pm
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    Hi, I have a Jeevan Anand(Plan-149) of sum assured 3 lakhs which will mature in 2034. Expected amount I will get on maturity? as well what does it means as a life coverage, I mean post maturity I believe I won’t get any more amount in future? or is it post maturity only death benefit will be there which will be same as sum assured and which will be given to my nominee.

    Reply
    • July 22, 2018 at 3:19 am
      Permalink

      Dear Sourav,
      Please use the calculator provided in the post to get the indicative maturity amount.
      At the time of maturity you shall receive Sum Assured + Bonus + Final Additional Bonus as a one time payment. Life long coverage means your nominee is entitled to receive on more sum assured as death benefit even after maturity. Only death benefit is payable after maturity.

      Reply
      • July 23, 2018 at 11:13 am
        Permalink

        Thanks a lot. Its clear to me and the calculator is helpful too. Is there any such plans available in todays date. Also could you please suggest any good policy for children of age 9 years?

        Reply
  • July 20, 2018 at 1:56 pm
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    Hi Mr.Anish, My LIC plan 149; maturity amount 1200000Rs; term 21 years; 5 years completed as of now. Its showing 297000 as vested bonus. I have below questions:-

    1. Vested bonus + sum assured only we get after maturity or some other bonus?

    2. After maturity policy will cover life time right? – Means for normal death sum assured will pay again??

    3. What will be minimum and maximum possible amount at my plan maturity for 12lakh sum assured policy?

    Reply
    • July 22, 2018 at 3:15 am
      Permalink

      Hi Suresh,
      1. You will receive the SA + Bouns + FAB fully at the time of maturity only.
      2. Sum Assured is paid at the time of death even after maturity.
      3. In Jeevan Anand (Plan 149), the maturity amount is the sum total of Sum Assured + Accrued Bonus + Final additional Bonus(if any). Use the calculator provided to get the indicative maturity amount. You can see from the calculator that the bonus amount as per current rates is 1234800 for 12 lakh sum Assured and the final additional bonus amount is 120000. So the indicative maturity amount is Rs. 25,54,800

      Reply
  • July 20, 2018 at 1:59 pm
    Permalink

    Hi Mr.Anish, My LIC plan 149; maturity amount 1200000Rs; term 21 years;

    In case i want surrender the policy; how much i can get back?

    Note: I have paid premium for 5 years – 3lakh so far.

    Reply
    • July 22, 2018 at 3:02 am
      Permalink

      Get the surrender value quotation from your nearest LIC branch office. Surrendering a policy in between is not a good decision as you loose your valuable insurance coverage taken at the rate provided at a lower age. Further, You will not receive the accrued bonus in full also. My recommendation is not to surrender a policy without sufficient reasons to justify it.

      Reply
  • July 21, 2018 at 7:16 am
    Permalink

    Gd morning sir.
    I have jivan anand 149 plan of 10 lacs from jun 2011 and i paid premium around 3.20 lac and now i want to surrender this policy. Approx how much surrender value i will get and someone told me that accumulated bonus not given during surrender time.

    Reply
    • July 22, 2018 at 2:53 am
      Permalink

      Hi Ganga Ram,
      You are right. The accumulated bonus is payable to you only at the time of maturity. If you Surrender your policy in between you will receive only a percentage of the accrued surrender value. And the percentage is called surrender value factor which generally varies between 30 to 100 % depending on the period elapsed. You can get a detailed surrender value quotation from your nearest LIC branch office.

      Reply
  • July 22, 2018 at 8:49 am
    Permalink

    Hi Anish,
    My self Yogesh , I have Jeevan Anand 149. plan for 16 years & yearly payments is 70327 & last payment is till july-2025.

    total i will pay 1125232/- Rs. till July -2025

    Please tel me below quaiers

    1) After paid this how much i will get ?
    2) When i will get this ?
    3) How can i get .. ?
    4) Any other benift ?

    Please clear us

    yogesh

    Reply
    • July 24, 2018 at 3:22 pm
      Permalink

      Hi Yogesh,
      I assume that the sum assured of your plan is Rs. 10,00,000 based on the premium mentioned by you. So The maturity returns on the 16 th year will include Sum Assured of 10 Lakh and the bonus for 16 years and Final addition bonus. You can use the calculator provided to get the indicative figures. As per the calculator the indicative return is Rs.17,45,000 based on current bonus rates. You will be eligible for a life long insurance coverage equal to sum assured (10,00,000) So the total amount payable from LIC shall be to the tune of 27,45,000 as per current bonus rates.
      The maturity benefit shall be paid to your account on the maturity date.

      Reply
  • July 25, 2018 at 12:26 pm
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    thank you very much

    Reply
  • August 3, 2018 at 5:50 am
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    HI sir,
    I have taken 15 policies of Jeeven Anand plan149 on 28/10/2012.
    Each one sum assured of 1,00,000/-Per policy.
    Policy Term : 21 years,
    Premium mode of payment : half Yearly 28,089.00/
    Till now i have paid nearly 5.5 years. approx (3,08,7900)/-.
    Upto my knowledge i gave to pay total of (11,79,738.00) / 21 years for all 15 policies.

    Im not yet all clear about this plan. can u help whar are the benfits and plus points to me.

    I dont know anything about ” In force ” after Maturity period**

    Reply
    • August 5, 2018 at 2:46 pm
      Permalink

      Hi,
      I don’t understand why you took 15 one lakh policies and all of them with a 21-year term. Please check the term of your policies once again and let me know…

      Reply
  • August 6, 2018 at 5:45 am
    Permalink

    HI, Anish ji,
    Dear Sir, I hope you are doing well. I would like to have a clarification in my policy. Kindly find the below details of my policy and let me know, when i will get the maturity money and how much amount will i get ? What other benifits will i get. Thanks

    Policy Name : Jeevan Anand

    Installment Premium (Rs.)/Premiume Amount : 12713

    Date of Commencement : 28/2/2012

    Mode of Payment : HLY

    Plan & terms : 149/76/21

    Sum Assured Rs. : 5,00,000

    Reply
    • August 7, 2018 at 3:55 am
      Permalink

      The maturity amount shall be received on 21 st year. (on 28/1/2033). ’76’ shown in plan and term indicates that insurance coverage is available till 100 years of age.

      Reply
  • August 10, 2018 at 6:52 am
    Permalink

    I will get 10 lac as maturity amount on 2033 without any issue right? And life cover and accident cover still be there right?

    Reply
    • August 11, 2018 at 1:26 pm
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      Yes, that is right as per the details you supplied…

      Reply
  • August 13, 2018 at 7:41 am
    Permalink

    Hi Sir Good day I am working IT Professional I have Planned to Buy LIC Pension Policy. LIC Agent told me that there is one best policy for IT professional where I need to pay the premium till 15 years after which I will get the amount as pension i,e either monthly,quaterly, half year, yearly basis. My age is 30 years he told not an issue for that. is there any such kind of LIC policy? if there can you name it

    Reply

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