LIC New Jeevan Anand (Plan 715 / 915) Calculator & Double Cover Reckoner
"Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi". Calculate premiums, lump-sum maturity, and lifelong free 100% risk coverage after policy maturity.
Policy Parameters
Live ReactiveLIC New Jeevan Anand Premium & Maturity Examples
To help you compare real-world policy outcomes, below are three representative calculation examples for LIC New Jeevan Anand (Plan 915 / 715) across different entry ages, policy tenures, and sum assured brackets.
Starter Double Cover (Age 25)
* Receives ₹9.55 Lakh at maturity, plus ₹5 Lakh 100% life insurance continues free for life.
Family Security (Age 30)
* ₹10L SA yields ₹19.10L maturity payout, with ₹10 Lakh lifelong free risk cover after maturity.
HNI Legacy Shield (Age 35)
* Lump sum ₹65.62 Lakh maturity return + ₹25 Lakh inheritance death payout to nominees whenever death occurs.
ℹAll premium calculations are at 0% GST under direct pure tabular modes.
ℹUpon completing the policy term, the full maturity payout is made, and a free 100% Basic Sum Assured risk cover continues for life.
ℹSimple Reversionary Bonus rates range between ₹42 and ₹48 per ₹1,000 SA as declared by LIC.
📋 Key Eligibility & Parameters (New Jeevan Anand 915)
| Parameter | Specification |
|---|---|
| Unique Selling Proposition (USP) | Double Death Benefit + Lifelong 100% Risk Cover after Maturity |
| Entry Age | 18 to 50 Years |
| Policy Term & PPT | 15 to 35 Years |
| Minimum Basic Sum Assured | ₹1,00,000 (No upper maximum limit) |
| Tax Benefits | Premiums deductible under Sec 80C; All payouts 100% Tax-Free under Sec 10(10D). |
LIC New Jeevan Anand (915) FAQs
Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.
1Why is LIC New Jeevan Anand (Plan 915) called "Double Death Cover"?
Jeevan Anand provides double financial protection: 1) You receive the full maturity amount (Sum Assured + Vested Bonuses) at the end of the policy term; 2) An additional 100% Basic Sum Assured risk cover continues free of cost for your entire life until death, payable to your nominee.
2What is the entry age and term range for Plan 915?
Entry age is 18 to 50 years. Policy terms range from 15 to 35 years, with maximum maturity age capped at 75 years.
3Are maturity and death proceeds tax-free in Jeevan Anand?
Yes, both the maturity proceeds and the post-maturity lifetime death benefit are 100% tax-free under Section 10(10D). Premiums paid are deductible under Section 80C up to ₹1.5 Lakh per year.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.