Calculators LIC plans New Jeevan Anand Review
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.
A 25–40 year old who wants both a defined-date savings corpus and a lifelong base cover, and who genuinely intends to hold the policy to maturity. The post-maturity sum-assured cover until age 100 — effectively a paid-up term policy bundled in for free — is the single best-priced feature in LIC's current participating lineup, but its value evaporates entirely if you surrender before maturity.
Anyone needing limited-pay flexibility — PPT equals the full policy term (15–35 years), so you are signing up for decades of premium discipline. Anyone whose horizon is below 20 years — the FAB ladder rewards 25+ year terms disproportionately, and the post-maturity cover is most valuable if maturity itself is decades away. Anyone likely to surrender mid-term — the lifetime cover is forfeit, on top of the usual surrender penalties.
Future SRB declarations may compress (the March 2025 valuation already shows movement). The plan was withdrawn for fresh sale in 2025–26 — existing policyholders are unaffected, but if you bought late, the contractual freeze applies as illustrated. The most expensive failure mode is surrendering after year 15 to access cash; you walk away with the cumulative-premiums-plus-bonuses figure, but lose the lifetime cover that effectively underwrites your family for the next 50+ years.
Our headline XIRR uses the middle premium-paying term (15 years against a 21-year policy term), excludes optional rider premiums from the cash-flow base, and assumes the latest declared simple reversionary bonus rate holds for the full term. Try other PPTs and bonus assumptions on the New Jeevan Anand calculator.
Last updated · site changelog