LIC Jeevan Anand Plan 915: Complete Guide 2026

LIC New Jeevan Anand (Plan 915) is the plan I've recommended more than any other in 31 years. It solves the problem that trips up most families: they want savings at the end of the term and life cover throughout. Jeevan Anand delivers both, and it does so with guaranteed returns.

Here's the structure. You pick a term between 15 and 35 years and a sum assured starting at ₹1 lakh. You pay premiums throughout the term. At maturity, LIC pays you the sum assured plus all the bonuses it has accumulated over the years. Then, without any additional premium, your family remains covered for the full sum assured as a whole-life policy until you turn 100.

Let me make that concrete with real numbers. A 30-year-old taking ₹10 lakh sum assured for 20 years pays approximately ₹52,000 per year. Over 20 years, total premium outflow is roughly ₹10.4 lakh. At maturity, at age 50, they receive the ₹10 lakh sum assured plus accumulated bonus. LIC's current Simple Reversionary Bonus for Jeevan Anand runs at approximately ₹50 per ₹1,000 sum assured per year. Over 20 years, that's ₹50 × 1,000 slabs × 20 years, or roughly ₹10 lakh in bonus alone. Total maturity: approximately ₹20 to ₹22 lakh, fully tax-free under Section 10(10D). After maturity, the ₹10 lakh life cover continues at no cost.

Eligibility is straightforward. Entry age is 18 to 50 years. Maximum maturity age is 75 years. The premium-paying term matches the policy term. You can choose yearly, half-yearly, quarterly, or monthly modes, with small loading for more frequent payment.

The death benefit during the policy term is the sum assured plus bonuses plus a Final Addition Bonus if applicable. After the maturity payout, the death benefit reverts to just the basic sum assured since you've already received the bonuses at maturity.

The tax treatment is one of Jeevan Anand's strongest advantages. Your annual premium qualifies for deduction under Section 80C up to ₹1.5 lakh per year. The maturity proceeds are tax-free under Section 10(10D) as long as the sum assured is at least 10 times the annual premium, which Jeevan Anand satisfies by design.

How does it compare to Jeevan Labh? Jeevan Labh offers limited premium payment, meaning you pay for fewer years than the policy term. If you want to stop premiums earlier, Jeevan Labh is better. If you want maximum total returns and don't mind paying throughout, Jeevan Anand typically wins on maturity value.

Use our free premium calculator to get the exact premium and maturity projection for your age and sum assured. It takes under a minute.

Use our free [Maturity Calculator](/calculators/maturity) to calculate your own numbers.