Pays the rider SA on accidental death; on permanent disability, pays the SA in monthly instalments over 10 years and waives all future premiums.
Tick to add this rider — base premium stays unchanged until selected.
Calculators LIC plans Endowment
LIC New Jeevan Anand · Plan 715
Endowment + whole-life cover — SA continues after maturity.
Asymmetrica · LIC plan report
LIC New Jeevan Anand · Plan 715
Generated 28 May 2026
In short
LIC New Jeevan Anand (Plan 715) is a participating endowment with a signature twist: once the policy matures you receive the full sum assured plus bonuses, but the basic life cover of the sum assured continues free of cost until the life assured turns 100. For a 30-year-old buying ₹5 lakh sum assured for 25 years, the XIRR at current SRB of ₹45/₹1,000 SA/yr and FAB ≈ ₹180/₹1,000 SA (Plan 715 has its own smaller FAB ladder, NOT the standard endowment ₹450) works out to roughly 5–6%. The post-maturity cover — a term policy worth the BSA running for decades at zero additional premium — is a genuine differentiator that is hard to price separately.
Default scenario at a glance
Numbers below are computed from the latest declared bonus rate (₹45/1000 SA/yr) for a 30-year-old buying ₹5 lakh sum assured for 25 years (PPT 25). Use the calculator below to change any input.
- Annual premium
- ₹24,500
- Total premiums (over PPT)
- ₹6,12,500
- Maturity value i
- ₹11,52,500
- Implicit XIRR i
- 4.6%
- Net gain over premiums
- ₹5,40,000
- Final additional bonus (FAB) i
- ₹90,000
All figures above use LIC's last declared bonus and FAB rates. Bonus rates are reviewed by LIC each year and are not guaranteed for the future — your actual maturity payout may be higher or lower.
Want to verify the XIRR against your actual premium dates? Enter your premiums in the XIRR calculator →
Year-by-year projection (25 years) — show table
| Year | Cumulative premiums | Vested bonus | Death benefit (if claim this year) |
|---|---|---|---|
| 1 | ₹24,500 | ₹22,500 | ₹5,22,500 |
| 2 | ₹49,000 | ₹45,000 | ₹5,45,000 |
| 3 | ₹73,500 | ₹67,500 | ₹5,67,500 |
| 4 | ₹98,000 | ₹90,000 | ₹5,90,000 |
| 5 | ₹1,22,500 | ₹1,12,500 | ₹6,12,500 |
| 6 | ₹1,47,000 | ₹1,35,000 | ₹6,35,000 |
| 7 | ₹1,71,500 | ₹1,57,500 | ₹6,57,500 |
| 8 | ₹1,96,000 | ₹1,80,000 | ₹6,80,000 |
| 9 | ₹2,20,500 | ₹2,02,500 | ₹7,02,500 |
| 10 | ₹2,45,000 | ₹2,25,000 | ₹7,25,000 |
| 11 | ₹2,69,500 | ₹2,47,500 | ₹7,47,500 |
| 12 | ₹2,94,000 | ₹2,70,000 | ₹7,70,000 |
| 13 | ₹3,18,500 | ₹2,92,500 | ₹7,92,500 |
| 14 | ₹3,43,000 | ₹3,15,000 | ₹8,15,000 |
| 15 | ₹3,67,500 | ₹3,37,500 | ₹8,37,500 |
| 16 | ₹3,92,000 | ₹3,60,000 | ₹8,60,000 |
| 17 | ₹4,16,500 | ₹3,82,500 | ₹8,82,500 |
| 18 | ₹4,41,000 | ₹4,05,000 | ₹9,05,000 |
| 19 | ₹4,65,500 | ₹4,27,500 | ₹9,27,500 |
| 20 | ₹4,90,000 | ₹4,50,000 | ₹9,50,000 |
| 21 | ₹5,14,500 | ₹4,72,500 | ₹9,72,500 |
| 22 | ₹5,39,000 | ₹4,95,000 | ₹9,95,000 |
| 23 | ₹5,63,500 | ₹5,17,500 | ₹10,17,500 |
| 24 | ₹5,88,000 | ₹5,40,000 | ₹10,40,000 |
| 25 | ₹6,12,500 | ₹5,62,500 | ₹10,62,500 |
Run the numbers
Premium, maturity, and the year-by-year cash value at the latest declared bonus rate. Toggle the 3-scenario view to see a pessimistic / base / optimistic spread.
Assumptions
- Age
- 30 yrs
- Sum assured
- ₹5,00,000
- Policy term
- 25 yrs
- Premium-paying term
- 20 yrs
- Premium frequency
- yearly
- Bonus scenario
- base (45/1000 SA)
yrs
₹
Policy term
Premium paying term
Premium frequency
Maturity at year 25
₹11,52,500
At base bonus rate (45/1000 SA)
Base annual premium
₹24,500
GST-free since 22 Sep 2025
Total paid (over 20 yrs)
₹4,90,000
Implicit XIRR
5.37%
Lower than NIFTY 50; that's expected.
Net gain
₹6,62,500
Maturity value and FAB use LIC's last declared bonus rates. These are reviewed each year and are not guaranteed for the future — actual payouts can be higher or lower.
Bonus assumption:
Optional Riders
Add-ons that increase cover for an extra annual premium—capped at 30% of the base premium. You can pick either ADDB or AB, not both.
0 / 6 active +₹0/yr
Pays the rider SA in lump sum on accidental death within 180 days. Death-only — no disability cover.
Tick to add this rider — base premium stays unchanged until selected.
Adds pure term life cover for a nominal premium. Inception-only — cannot be bolted on later.
Tick to add this rider — base premium stays unchanged until selected.
Waives all future base-policy premiums on death of the proposer. Designed for child plans (proposer = parent, life assured = minor).
Tick to add this rider — base premium stays unchanged until selected.
Lump sum payout on diagnosis of any covered critical illness. Choose between a 15-illness or 40-illness option. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
For female policyholders only. Covers female-specific illnesses, pregnancy complications and congenital anomalies in the child. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
Year-by-year cash value (illustrative) What does this mean?
| Year | Total paid | Estimated cash value |
|---|---|---|
| 1 | ₹24,500 | ₹22,500 |
| 2 | ₹49,000 | ₹45,000 |
| 3 | ₹73,500 | ₹67,500 |
| 4 | ₹98,000 | ₹90,000 |
| 5 | ₹1,22,500 | ₹1,12,500 |
| 6 | ₹1,47,000 | ₹1,35,000 |
| 7 | ₹1,71,500 | ₹1,57,500 |
| 8 | ₹1,96,000 | ₹1,80,000 |
| 9 | ₹2,20,500 | ₹2,02,500 |
| 10 | ₹2,45,000 | ₹2,25,000 |
| 11 | ₹2,69,500 | ₹2,47,500 |
| 12 | ₹2,94,000 | ₹2,70,000 |
| 13 | ₹3,18,500 | ₹2,92,500 |
| 14 | ₹3,43,000 | ₹3,15,000 |
| 15 | ₹3,67,500 | ₹3,37,500 |
| 16 | ₹3,92,000 | ₹3,60,000 |
| 17 | ₹4,16,500 | ₹3,82,500 |
| 18 | ₹4,41,000 | ₹4,05,000 |
| 19 | ₹4,65,500 | ₹4,27,500 |
| 20 | ₹4,90,000 | ₹4,50,000 |
| 21 | ₹4,90,000 | ₹4,72,500 |
| 22 | ₹4,90,000 | ₹4,95,000 |
| 23 | ₹4,90,000 | ₹5,17,500 |
| 24 | ₹4,90,000 | ₹5,40,000 |
| 25 | ₹4,90,000 | ₹11,52,500 |
Our take
Should you buy New Jeevan Anand?
Jeevan Anand is the classic dual-benefit LIC product: endowment savings and lifetime cover in a single contract. After the policy matures and pays out, the basic sum assured continues as a pure risk cover until age 100 at no extra cost. This makes it arguably better suited for younger buyers (say 25–40) who want both a savings corpus at a defined date and the reassurance that the family retains a base cover for the rest of their life. The key caveat is that surrendering before maturity forfeits the post-maturity cover entirely — so this is a plan for those who genuinely intend to hold to the end.
- The post-maturity cover is real and free — a term policy lasting to age 100 effectively comes bundled in. Price that separately and the total product value is higher than the XIRR alone suggests.
- PPT equals the full policy term (15–35 years), so this is a long-duration payment commitment. Unlike Jeevan Labh there is no limited-pay option.
- SRB is flat across all terms (₹47/1000 SA at 5L SA, 2024-25) — a structural plus versus plans where SRB declines for shorter terms.
- Surrendering forfeits the post-maturity cover in addition to the usual bonuses-at-a-discount loss. The sunk cost is effectively larger here than for a pure endowment.
- FAB is meaningful but modest on this plan: ₹25/1000 SA at 20 yr and ₹180/1000 at 25 yr per LIC's March 2025 valuation. LIC has not yet declared FAB at the 35-yr maturity for this plan — projections beyond 25 yrs should be treated as estimates. The plan's distinctive feature is the free post-maturity cover until age 100, NOT a high terminal bonus.
- The plan was withdrawn for fresh sale in 2025-26 but remains fully in force for all existing policyholders. If you hold Plan 715, all terms and benefits are frozen as illustrated.
Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.
Deep dives
More on New Jeevan Anand
-
Full review
Who it works for, who it doesn't, what tends to go wrong over the term, and how our take compares with other reviewers.
-
Surrender value
Year-by-year GSV vs SSV table for the default scenario, with plan-specific notes on when exiting actually breaks even.
-
Tax treatment
§80C eligibility, §10(10D) maturity exemption, the 10× SA rule, and how each clause applies to a typical buyer of this plan.
Plan reference
Eligibility & limits
- Category
- Endowment
- UIN / plan number
- 715
- Plan status
- Active for sale
- Snapshot date
- 26 Apr 2026
Entry age, term and sum-assured bands are on the official plan page; we'll mirror them here once the per-plan facts are extracted.
Paid-up value
Stop premiums after at least 2 full years and the policy stays in force as a paid-up policy at a reduced sum assured. Already-vested bonuses are preserved; no new bonuses accrue.
Policy loan
Once the policy has a surrender value (typically year 3), you can borrow up to 90% of it from LIC at the prevailing policy-loan rate — short-term liquidity without giving up the policy's bonuses.
Sources
Last updated · site changelog