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 This plan has already been withdrawn from sales and is not available for new sales.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

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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Can i change the nominee?

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

Shall i get money after my premium paying term

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.

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

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.

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

Dear Firoz,

You can surrender the insurance coverage available after the maturity in Jeevan Anand plan. Please refer to this chart.

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?

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.

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?

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.

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?

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?

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.

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?

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

Dear sir, what is the procedure for availing accident benefits under this plan in case of hospitalization ?

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.

is it possible to change the premium paying term and what is the process?.

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.

Want to buy 5 years policy.Age is 46.Please give me best policies.

Best Regards

Rajesh

LIC do not have any 5 Year policy.

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?

Exactly. This is the indicative maturity amount as per the current bonus rates and you will have a life long coverage of 10 lakh.

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

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.

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?

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.

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

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.

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.

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.

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.

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?

Thank you for nice words of appreciation… A similar New Jeevan Anand plan (Plan 815) is available for sale from LIC of India. Read all you need to know about New jeevan Anand Plan 815 from this link. Please read the article New Jeevan Anand – a critical review also for more information.

Please check Jeevan Tarun and Childeren Money back for your child.

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?

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

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.

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.

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.

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.

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

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.

thank you very much

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**

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…

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

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.

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

Yes, that is right as per the details you supplied…

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

Jeevan Nidhi is a pension plan available from LIC. Read complete details of LIC’ Jeevan Nidhi here.

Age

27 Yrs

Policy Benefits

₹ 6,00,000

Premium Paying Term

20 Yrs

Policy Term

73 Yrs

Commencement Date

28/10/2012

Date of Maturity

28/10/2085

Please let me know the below information:

1. When i will get the maturity money?

2. Why the Maturity Date shows as 28/10/2085?

3. How much will be the Maturity amount?

4. Till which i should be paying the premium?

Hi Neha,

1) You will get the maturity amount after 20 Years. ie on 28/10/2032.

2) The date shows as 28/10/2085 because the plan provide free insurance coverage up to age 100

3) Use this calculator to get the expected maturity value

4) You need to pay premium only up to 20 years.

Thank you very much Anish.

I have one more question please:

What is policy term and why it is 73 yrs?

Is this a good policy to invest?

Thanks,

Neha

Just to update my LIC policy is Jeevan Anand 149

Hi Anish,

Myself Anil. i have Jeevan Anand 149/75 plan for 21 years with sum assured amount is 500000/- and i have pay halfyear 12787. DOP 26/11/2013. please tell me about this-

1. After paid this how much i will get?

2. When i will get this?

3. Any other benifit?

4. How much amount at maturity time?

Hi Anil,

Please use this calculator to get expected maturity value. Amount received on completion of 21 years from date of commencement. Life long insurance coverage equal to 5 lakh available even after maturity.

Hi.

I have taken a LIC Jeevan anand policy (149 78 05) in 2011.

Age

22 Yrs

Monthly premiem:

5096

sum assured

₹ 250000

Premium Paying Term

5 Yrs

Policy Term

73 Yrs

Commencement Date

27/05/2011

Date of Maturity

04/2016

I have recieved 2.96 Lakhs on maturity. But I have got a notice from income tax saying I have to pay 88thousand income tax for this. Can you please explain me should I pay tax for this, if so should I pay 30 % tax for the whole amout or just for my profit? In this case I have more than 3Lakhs and got an amout less than that only. On this why should i pay 30% tax. This is worrying me. Can you please help me out with this.

Hi Aravindh,

Section 10(10D) benefit (Exemption of maturity benefit of Insurance policies from income tax) will not be applicable for the 5-year term, as the premium paid per year will be higher than 20% of Sum Assured in this case. But you will have to pay tax only on the appreciation. ie (Maturity – total Premium) If you are already in the 30% slab you will have to pay 30% of appreciation. If not, you will have to pay tax depending on your tax slab. any more clarifications? You can get more information on tax rules applicable to insurance policies from this article.

Sir,

Please clarify the following points

LiC Jeevan anand plan 149 sum assured amount 100000 ,Yearly premium paid Rs7314 from 2004 on words, Maturity year 2020.

After maturity how much total amount will get

and also what is another benefits.

Please kindly clarify

Please use the calculator for maturity value.. give the term as 16 years and Sum Assured as 100000. Life long coverage of 100000 also shall be available.

Hie Sir,

I have taken Jeevan Anand Plan -149

Age

49 Yrs

Policy Benefits

₹ 1,00,000

Premium Paying Term

14 Yrs

Policy Term

51 Yrs

Commencement Date

28/09/2005

Date of Maturity

28/09/2056

Sir in the premium bond the last payment date is mentioned as 28/09/2018 but according to premium paying term the date would come to 28/09/2019.. Sir please help me out

You will have to pay 14 premiums only. so the last premium to be paid is 28/09/2018.

HI I am holding Jeevan Anand (Plan-149) policy. But i am not very clear about the returns / benefits of it.

i am paying 5163/- per quarter. which started 12/06/2010.

i have to pay for total 25 yrs. so what is the benefits i am going to get.

can you please ans me in detail…

Please click on the calculator link to open the Jeevan Anand calculator to calculate maturity returns.

Now when I look back, I guess taking Jeevan Anand 149 policy would have been better, my agent sold me Endowment Assurance policy plan 14 policy in April 2003, sum assured 220000 for 18 years. I see that Jeevan anand would have been good. Not sure, did he sold me right policy or fooled me. Thanks MOHAN

Jeevan Anand is a good policy. It provides lifelong coverage. The endowment policy is (Jeevan Anand – Lifelong coverage).

Commencment date : 26/12/2005

Premium Paying Term : 25 Yrs

Policy Term : 74 Yrs

Age at the time of commencement : 26 Yrs

Date of Maturity : 26/12/2079

When will I get the Maturity amount ?

Do I have to wait till 26/12/2079?

Please reply…

The maturity shall be available on completion of 25 Years ie 2030.