LIC New Jeevan Anand (Previously LIC Plan 149)

LIC Jeevan Anand 149 is a life assurance policy that offers a unique combination of savings and protection. After it was withdrawn, LIC released a new version under LIC New Jeevan Anand (plan no. 915). Its core benefits include financial security against the policyholder’s death and a lump sum amount at the end of the chosen policy tenure in case of his/her survival. LIC plan 149 also takes care of the liquidity requirements through its loan facility. 

Read more
LIC, Policybazaar join hands to
accelerate insurance growth
LIC investment
  • Buy LIC policy online
    hassle free

  • High returns market link

  • Tax saving under Sec 80C &

  • Sovereign guarantee as per
    Sec 37 of LIC Act

Now Available on Policybazaar
Grow your wealth with LIC
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
58.9 million
Registered Consumers
26.4 million

LIC New Jeevan Anand 915 Plan - Key Features

Below are the key features of LIC Plan 915 (previously known as LIC Plan 149):

  • LIC New Jeevan Anand plan 915 is a participating whole-life endowment plan, which means you earn profits along with the assured benefits.

  • The plan provides an option of regular premium payment to the insured.

  • On survival till the end of the plan term, the insurance holder is paid the maturity benefit.

  • The risk covered in the policyholder's life continues throughout his/her life till the age of 100.. This means that the death benefit is paid out if death occurs during the policy term as well as after.

  • The benefits are paid along with a bonus amount which increases the final earnings of the life assured.

  • Added top-up covers as riders are available on payment of a nominal premium amount.

LIC New Jeevan Anand 915 Plan Benefit

  1. Death Benefit

    Nominees can claim the following death benefits if all the due premiums have been paid:

    • If death occurs during the policy tenure or before the maturity date:

    125% of the Base Sum Assured or 7 times the annual premium amount, whichever is higher at the time of death.

    The final additional bonus and simple reversionary bonuses are added to this amount.

    • If death occurs after the maturity date:

    Only the basic sum assured is payable.

  2. Maturity Benefit

    In case the life assured survives till the set maturity date, and has paid off all due premiums, LIC offers the basic sum assured to the insured. The applicable bonuses shall be added to this amount. One can choose to receive this amount in a lump sum or installments over 5, 10, or 15 years.

  3. Participation in Profits

    The LIC plan 915 (previously LIC plan 149) shall participate in the company’s profits. Based on the profits, LIC shares a percentage with the customers of LIC New Jeevan Anand 915 in the form of a simple reversionary bonus. A final additional bonus may also be declared based on the company’s experience during the policy term. These are however not guaranteed.

  4. Tax Benefits

    The LIC New Jeevan Anand policy offers tax benefits to the insured on the premium paid and on the claims received under Sections 80C and 10(10D) of the Income Tax Act.

LIC New Jeevan Anand 915 - Eligibility

Criteria Minimum Maximum
Entry Age 18 years 50 years
Maturity Age - 75 years
Policy Term 15 Years 35 years
Sum Assured 1 lac No Limit
Premium Payment Term Same as Policy Term
Premium Paying Frequency Annual/Half Yearly/ Quarterly/ Monthly

Riders Benefits with LIC New Jeevan Anand – Plan No. 915

Four optional LIC riders are available under the policy that can be added for extra protection against natural death, death or disability by accident, and critical illnesses. With these riders, nominees can claim an extra sum assured amount on top of the assured death benefit. You can avail yourself a maximum of 3 of the following options:

LIC New Jeevan Anand 915 (previously LIC Plan 149) - Additional Plan Details

  1. Grace Period

    In case the insurance holder delays the premium payment, he/she is allowed a grace period of 15 to 30 days. In case of non-payment of premiums during the grace period, the policy will lapse.

  2. Revival of Lapsed Policies

    If the insurance holder pays all of it within 5 years from the due date of the first unpaid premium, he/she can still revive the lapsed LIC New Jeevan Anand Plan. However, it has to be done before the maturity date.

  3. Free Look Period

    The policyholder gets a free cancellation period of 15 days during which he/she can cancel this plan if found unsuitable.

  4. Policy Termination or Surrender Benefit

    On completing two policy years, the policy gets charged with a surrender value and a paid-up value. This means that even if you stop paying premiums after 2 years, you still get some percentage of the benefits/premiums back. However, if you surrender the policy at any point after the chosen policy term ends, you won’t incur any losses.

Sample Premium Rates of LIC New Jeevan Anand 915 Plan

The below table illustrates the annual premium rates in Rs. for a basic sum assured of Rs. 1 Lac for standard lives under LIC New Jeevan Anand plan 915:

Age Policy Term
15 25 35
20 years 7747 4341 2935
30 years 8080 4581 3165
40 years 8644 5037 3636
50 years 9575 5846 -

The above premium rates are exclusive of taxes*

Exclusions of LIC New Jeevan Anand Plan 915

In case the policyholder commits suicide within 12 months of the policy inception, 80% of the premiums paid to date shall be returned to the nominee. In case of death after the plan renewal, a higher of 80% of the paid premium amount or the acquired surrender value shall be paid.

Required Documents for Buying LIC New Jeevan Anand 915

The documents required to be insured under LIC New Jeevan Anand (previously LIC plan no. 149) are:

  • Correctly filled Application form/Proposal form

  • Address Proof

  • Age Proof

  • Other KYC documents: PAN Card, Adhaar Card, Tax Details, etc.

  • Medical History

  • Medical Diagnosis Reports as required


  • Q: How much premium do I have to pay to get 50 lakhs from my LIC New Jeevan Anand policy?

    Ans: Here are the sample rates you can expect to pay based on the results offered by the LIC New Jeevan Anand plan 915 calculators.
    Sample Illustration
    Parameters LIC New Jeevan Anand
    Age 35 years
    Sum Assured Rs. 50,00,000
    Total Premium (monthly) Rs. 20,313
    Maturity After 25 years
  • Q: How is maturity calculated in LIC New Jeevan Anand (Plan-915)?

    Ans: In case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit.
  • Q: I am an NRI. Can I avail LIC New Jeevan Anand Plan?

    Ans: Yes, you can avail New Jeevan Anand plan (previously known as LIC plan 149) by the Life Insurance Corporation of India, anytime you wish to. As per Indian laws, any Non-Resident of India is eligible to buy insurance plans from Indian Insurance Companies. This can be done after the submission of the required documents and the correctly filled registration form. After all the required verification is done by the LIC, a confirmation shall be sent to the buyer within 15 to 20 working days.
  • Q: Can the plan be forfeited by the company directly?

    Ans: Yes, the insurance plan is subject to forfeiture directly by LIC in case the company finds any information provided by the policyholder as misleading or deceiving. More information can be found under Section 45 of the Insurance Act, 1938.
  • Q: What are the basic requirements while making a death claim?

    Ans: To make a claim, the entitled nominee shall be required to present the claims form along with the original policy documents as issued by LIC in the name of the insured. Additionally, the nominee shall be required to submit all the details and documents applicable, such as bank account details, death certificate, medical treatment details before death, etc.
  • Q: What are the basic requirements while making a maturity or surrender claim?

    Ans: While making claims on maturity, the insurance holder is required to provide a filled discharge form attached with the original policy documents as issued by LIC in the name of the policyholder. Additionally, the policyholder has to provide NEFT mandate and bank account details for the transfer of the maturity benefit. The requirements are similar in both cases. However, surrendering a policy will require you to submit information on why you want to surrender it.
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
LIC Jeevan Azad

24 Jan 2023

LIC Jeevan Azad is a traditional life insurance plan that offers
Read more
Why Buy LIC 5 Lakh Policy?

23 Jan 2023

LIC 5 Lakh Policy is a unique way of availing two benefits under
Read more
Benefits of LIC 25 Lakh Policy

23 Jan 2023

LIC 25 Lakh policy is a combination of life insurance as well as
Read more
LIC 2 Lakh Plan: Features and Policy Details

23 Jan 2023

LIC 2 Lakh policies are designed to provide life coverage and
Read more
Why Should I Buy LIC 1 Lakh Policy?

17 Jan 2023

LIC 1 Lakh policies are specially designed for those individuals
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!
The Life Insurance Corporation of India is one of the most prominent insurance companies. It has an unparalleled
Read more
How to Check the Maturity Amount of LIC Policies?
Life Insurance Corporation of India is one of the leading public companies in the service of insurance plans. And
Read more
Is there any LIC Kanyadan Policy?
First and foremost, there is no such plan called the LIC Kanyadan Policy launched by the Life Insurance
Read more
LIC Policy for Girl Child in India
A LIC policy for a girl child is a plan that acts as a combination of protection and savings while also providing
Read more
LIC Jeevan Anand Returns Calculator
LIC Jeevan Anand was withdrawn and re-introduced as LIC New Jeevan Anand. It is an insurance product that covers
Read more

  • Zero% commission
  • No hidden charges
  • Expert Advice
  • 100% calls recorded
Invest ₹10k/month Get ₹1Cr
Tax free on maturity*
Mobile +91
*T&C Applied.
Download the Policybazaar app
to manage all your insurance needs.