LIC Jeevan Anand (Plan No. 915) is one of the most popular life insurance plans in India. But is it still worth buying in 2026? Let us break down everything — benefits, costs, returns, and who should buy it.

What is LIC Jeevan Anand?

Jeevan Anand is a participating, non-linked endowment plan that provides a combination of savings and life protection. The unique feature is that life cover continues even after the policy term ends.

Key Features

Plan Number: 915
Type: Endowment with Profit
Entry Age: 18 to 50 years
Policy Term: 15 to 35 years
Sum Assured: Rs 1 Lakh minimum (no maximum limit)
Premium Payment: Regular throughout the policy term

Benefits Explained

Maturity Benefit

If you survive the full policy term, you receive: Sum Assured + Reversionary Bonus + Final Additional Bonus. And the best part? Your life cover of Sum Assured continues even after maturity at no extra cost.

Death Benefit

If death occurs during the policy term: Sum Assured + Vested Reversionary Bonus + Final Additional Bonus. If death occurs after maturity: Basic Sum Assured is paid to the nominee.

Bonus Rates

LIC declares bonuses annually. Recent bonus rates for Jeevan Anand have been around Rs 50-58 per Rs 1,000 Sum Assured. This bonus accumulates every year and is paid at maturity.

Premium Example

For a 30-year-old male, Sum Assured Rs 10 Lakh, 25-year term: approximately Rs 38,000 to Rs 42,000 per year. The exact premium depends on the mode of payment and any riders chosen.

Returns Analysis

The approximate return (IRR) on Jeevan Anand works out to about 5-6 percent per annum including bonuses. While this is lower than mutual funds or PPF, you also get life insurance cover which has its own value.

Who Should Buy Jeevan Anand?

Good for: Conservative investors who want guaranteed returns with life cover, people who do not want market risk, those looking for long-term disciplined savings.

Not ideal for: Those seeking high returns (go for mutual funds instead), young people who only need protection (term insurance is cheaper).

Jeevan Anand vs Term Insurance

For pure protection, term insurance gives Rs 1 Crore cover at just Rs 6,000 per year. Jeevan Anand for the same premium gives only Rs 1-2 Lakh cover. If your main goal is family protection, always choose term insurance first, then consider Jeevan Anand for savings.

Our Verdict

LIC Jeevan Anand is a solid, reliable plan for people who want both savings and life cover with zero market risk. It is not the highest-return plan, but it offers unmatched security and the unique benefit of lifetime cover after maturity.

Need Help Deciding?

Every person financial situation is different. Book a FREE consultation with our LIC expert and we will recommend the best plan for your specific needs and budget.

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