LIC’s Jeevan Anand Plan 149: Features, Benefits & Maturity Calculator
LIC’s Jeevan Anand Plan 149 is one of the most trusted and popular endowment plans offered by the Life Insurance Corporation of India. Known for its dual benefits of protection and savings, this plan has been a top choice for millions of policyholders. At My Insurance Dost, we aim to simplify such insurance plans for you so that you can make an informed decision with confidence.
What is LIC’s Jeevan Anand Plan 149?
The Jeevan Anand Plan 149 is a participating endowment plan that combines the benefits of a life insurance policy with a savings component. The policy provides financial protection against death throughout the lifetime of the insured and also offers a lump-sum payment at the end of the selected policy term in case of survival.
This unique mix of lifetime coverage and maturity benefit is what makes it an all-time favorite among LIC policies.
How Does LIC Jeevan Anand Plan 149 Work?
LIC Jeevan Anand Plan 149 is a policy where you pay a fixed amount (called premium) every year for a chosen number of years. Once you finish paying all the premiums, LIC gives you a lump sum amount (maturity benefit) along with bonuses. These bonuses include simple reversionary bonus and final additional bonus.
If the policyholder dies during the policy term, the nominee (family member chosen by you) will get a lump sum as a death benefit. This includes the sum assured and any bonuses earned.
The best part is — even after you get the maturity amount, your life cover continues till age 99. So, whenever you pass away (even after maturity), your nominee will still receive the sum assured again.
Accidental Death & Disability Benefit
If the policyholder dies due to an accident and is below 70 years, an extra amount up to ₹5 lakhs is paid to the nominee. If the person becomes permanently disabled due to an accident, this extra sum assured is paid in monthly installments.
Example (explained by My Insurance Dost):
- Age: 35 years
- Policy Term: 25 years
- Yearly Premium: ₹4,535
- Sum Assured: ₹1,00,000
Scenario 1: Death after 15 years (before maturity)
The nominee will receive ₹1,00,000 + bonus earned till the 15th year. The policy then ends.
Scenario 2: Survives full 25 years
The person will receive ₹1,00,000 + bonus earned in 25 years as Maturity benefit.
After that, life cover of ₹1,00,000 continues till age 99. Whenever the person dies, that ₹1,00,000 will again be paid to the nominee.
| Benefit payable on death during the selected term | ||||||
| End of Year | Total Premium Paid Till End of Year | Guaranteed* | Variable | Total | ||
| Scenario 1 | Scenario 2 | Scenario 1 | Scenario 2 | |||
| 1 | 4535 | 100000 | 1500 | 5100 | 101500 | 105100 |
| 2 | 9070 | 100000 | 3000 | 10200 | 103000 | 110200 |
| 3 | 13605 | 100000 | 4500 | 15300 | 104500 | 115300 |
| 4 | 18140 | 100000 | 6000 | 20400 | 106000 | 120400 |
| 5 | 22675 | 100000 | 7500 | 25500 | 107500 | 125500 |
| 6 | 27210 | 100000 | 9000 | 30600 | 109000 | 130600 |
| 7 | 31745 | 100000 | 10500 | 35700 | 110500 | 135700 |
| 8 | 36280 | 100000 | 12000 | 40800 | 112000 | 140800 |
| 9 | 40815 | 100000 | 13500 | 45900 | 113500 | 145900 |
| 10 | 45350 | 100000 | 15000 | 51000 | 115000 | 151000 |
| 15 | 68025 | 100000 | 22500 | 76500 | 122500 | 176500 |
| 20 | 90700 | 100000 | 33000 | 113000 | 133000 | 213000 |
| 25 | 113375 | 100000 | 41500 | 141000 | 141500 | 241000 |
* If the person dies or becomes disabled due to an accident, an extra amount of ₹1,00,000 will be paid. You don’t have to pay anything extra for this benefit.
** If the person dies after the policy term ends, the sum assured will still be paid. If the death happens due to an accident before the age of 70, an extra ₹1,00,000 will also be given.
If you need help calculating your exact maturity value, bonus, or premium amount, My Insurance Dost is here to guide you with simple tools and expert support. Jeevan Anand Plan 149 Maturity CalculatorTo get a clear idea of how much you will receive at the end of the policy term, you can use a Jeevan Anand Plan 149 maturity calculator. This tool helps estimate your returns based on:
- Policy Term
- Sum Assured
- Bonus Rates
- Accrued Benefits
You can try out the LIC Jeevan Anand Plan 149 maturity value calculator available on various insurance portals or reach out to My Insurance Dost for a free customized insurance calculation based on your age and financial goals. Benefits of Jeevan Anand Plan 149Here’s why Jivan Anand Plan 149 continues to be a preferred choice:
- Life-long Risk Cover: Even after the policy matures, the risk cover continues for the lifetime of the policyholder.
- Attractive Maturity Benefits: You receive the sum assured plus accrued bonuses at the end of the term.
- Loan Facility: You can avail a loan against the policy in case of financial emergencies.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C.
To understand the detailed Jivan Anand Plan 149 maturity benefits, it’s best to review an illustration using a calculator. My Insurance Dost can help you with this instantly. How to Use the Jivan Anand Plan 149 CalculatorUsing the calculator is simple:
- Enter your age and policy term.
- Add the desired sum assured.
- View the estimated maturity value, bonus, and death benefit.
FAQs
What is Jeevan Anand Plan 149?
Jeevan Anand Plan 149 is a traditional endowment policy from LIC that offers both savings and lifelong insurance coverage, even after the policy matures.
What are the benefits of LIC Jeevan Anand Plan 149?
Key benefits include lifetime risk cover, maturity benefits with bonuses, loan facility, and tax savings under Section 80C.
How to surrender Jeevan Anand Plan 149?
You can surrender the policy after it acquires surrender value (usually after 3 years) by submitting a surrender form and required documents at the LIC branch.
How to cancel Jeevan Anand Plan 149?
To cancel the policy during the free-look period (15 days from receipt), submit a written request with policy documents and a valid reason at your LIC branch.
Conclusion
The LIC Jeevan Anand Plan 149 is more than just a policy — it’s a smart financial tool for future security. With its lifelong risk coverage and attractive maturity payouts, it’s suitable for anyone looking for both protection and savings in one package. If you’re considering this plan and need help with calculations or understanding how it fits into your goals, reach out to us at My Insurance Dost — your reliable partner in making insurance simple and beneficial.
