LIC New Jeevan Anand Calculator

December 6, 2025 • 3 min read • lic calculator

LIC Plan 715 LIC New Jeevan Anand Calculator – Estimate Premium & Policy Benefits

LIC’s Plan 715 is a savings-cum-protection insurance policy designed to offer financial security along with a guaranteed maturity benefit. With the LIC Plan 715 LIC New Jeevan Anand Calculator, you can easily estimate your premium, maturity value, bonuses, and death benefit by entering basic details like age, policy term, and sum assured.

LIC New Jeevan Anand (715)

Whole Life Plan – Coverage Even After Maturity

Min: 18 completed, Max: 50 years (nearer birthday)
Choose between 15 to 35 years
Min: ₹2L (₹5k: 2-4.5L, ₹50k: 4.5-9L, ₹1L above)
Age + Policy Term (Max: 75 Years)
Choose your payment frequency
Regular premium throughout term
Whole Life Coverage: LIC’s New Jeevan Anand offers lifelong protection – even after policy maturity! During policy term get maturity benefit + bonuses. After maturity, life cover continues till death. Bonuses shown are illustrative (₹48 per ₹1000 + FAB ₹35 per ₹1000) and not guaranteed.

PREMIUM OPTIONS (with GST & Rebates)

Choose your preferred payment mode for lifelong protection.

Yearly

₹25,890
Base+Rebate: ₹24,780
GST (4.5%): ₹1,110
Total: ₹25,890

Half Yearly

₹13,225
Base+Rebate: ₹12,650
GST (4.5%): ₹575
Total: ₹13,225

Quarterly

₹6,730
Base+Rebate: ₹6,440
GST (4.5%): ₹290
Total: ₹6,730

Monthly (NACH)

₹2,262
Base+Rebate: ₹2,165
GST (4.5%): ₹97
Total: ₹2,262
Premium includes mode & high SA rebates. First Year GST: 4.5%, Second Year onwards: 2.25%

PLAN DETAILS

Entry Age:30 Years
Policy Term:20 Years
Premium Paying Term:20 Years
Maturity Age:50 Years
Basic Sum Assured:₹5,00,000
Death SA (During Term):₹17,36,000
Death SA (After Maturity):₹5,00,000
Maturity Sum Assured:₹5,00,000
Annual Premium (Base):₹24,780
Unique Feature: Death Benefit during term = Higher of (125% BSA or 7x Annual Premium) + Bonuses. Maturity = BSA + Bonuses. After maturity = BSA payable on death. Loan available. Tax benefits u/s 80C & 10(10)D.

ESTIMATED BENEFITS (Illustrative with Sample Bonus)

At Maturity

₹9,97,500
BSA + Estimated Bonuses + FAB (Based on ₹48 per ₹1000 per year – not guaranteed)

Death (During Term)

₹22,33,500
Higher of (125% BSA or 7x Annual) + Bonuses + FAB (Min 105% of premiums paid)

Death (After Maturity)

₹5,00,000
BSA payable on death after policy maturity (Lifelong coverage)
Important: Bonus rates are illustrative. Actual bonuses declared annually by LIC. Death benefit after maturity = Basic Sum Assured only. This is the unique whole life feature!

Year-wise Policy Details (Illustrative)

▼
Year Age Cumulative Premium (₹) Annual Bonus (₹) Total Bonus (₹) Death Benefit (₹)

Disclaimer: Bonus rates shown are illustrative (@₹48 per ₹1000 SA per year + FAB @₹35 per ₹1000 at maturity). Actual bonuses declared annually by LIC. Death benefit assumes in-force status. After policy term ends, only BSA is payable on death (lifelong coverage).

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This tool helps you understand how much you need to invest and what potential benefits you can expect—making long-term financial planning simple and transparent.

What the Calculator Helps You With:

  • Premium calculation (monthly, quarterly, half-yearly, yearly)
  • Total premium payable during the policy term
  • Estimated maturity benefit with bonuses
  • Death benefit based on LIC guidelines
  • Long-term savings projection

Plan confidently with the LIC New Jeevan Anand Calculator Plan 715 Calculator—easy, accurate, and helpful for informed decision-making.

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