The Master of
Double Benefits.
In the world of traditional insurance, LIC New Jeevan Anand (Plan 715) stands alone. It is the only plan that pays you a maturity lump sum and keeps your life cover alive for free until age 100. This is the definitive 2026 breakdown of why this plan remains LIC's bestseller.
Min Age
18 Years
Max Age
50 Years
Min Term
15 Years
Max Term
35 Years
1. Why Jeevan Anand is Unique
Most insurance plans end when you receive the maturity amount. You get your money, and the contract is finished. However, Jeevan Anand is an Endowment-cum-Whole Life plan.
The "Zindagi Ke Saath Bhi" Advantage
Maturity Payout: Sum Assured + vested Revisionary Bonus + FAB at the end of the term.
Extended Life Cover: After maturity, your life cover for the Sum Assured continues for zero cost until your death or age 100.
2. In-Depth Eligibility & Criteria
To subscribe to this plan in 2026, you must meet the following technical requirements set by the IRDAI and LIC:
| Parameter | Details |
|---|---|
| Minimum Sum Assured | ₹1,00,000 (No upper limit) |
| Maximum Maturity Age | 75 Years (For the term portion) |
| Policy Term | 15 to 35 Years |
| Premium Paying Term | Equal to Policy Term |
3. Bonuses: The Wealth Engine
Since Jeevan Anand is a Participating Plan, you earn a share of LIC's profits. In 2026, these are declared in three forms:
Simple Reversionary Bonus
Declared annually per ₹1000 of Sum Assured. This is added to your policy every year and is payable either on maturity or death. (Recent trend: ₹40-50 per ₹1000).
Final Additional Bonus (FAB)
A one-time bonus paid for policies with a term of 15 years or more. It significantly boosts the final maturity amount.
4. Optional Riders: Enhancing Your Plan
You can customize your Jeevan Anand policy by adding these riders for a small additional premium:
5. Loan, Surrender & Tax Benefits
Jeevan Anand is not just an insurance plan; it's a liquid asset.
Loan Facility
Available after 2 full years of premiums. You can get up to 90% of the surrender value as a loan at highly competitive interest rates (roughly 9.5% currently).
Tax Savings (SEC 80C)
Premiums paid are eligible for deduction up to ₹1.5 Lakhs under Section 80C. This effectively lowers your annual premium cost by 10-30% depending on your tax bracket.
Tax-Free Maturity (SEC 10(10D))
The maturity amount and death benefit are completely tax-free under Section 10(10D), provided the annual premium is less than 10% of the Sum Assured.
Expert FAQs: Jeevan Anand (Plan 715)
Planning for the Long Haul?
Jeevan Anand is a 20-30 year commitment. Our experts help you calibrate your Sum Assured so that future inflation doesn't eat your maturity rewards.
Hari Kotian
IRDAI Certified Insurance Advisor | 25+ Years Experience
With over two decades of dedicated experience in the Indian insurance landscape, Hari Kotian has helped over 15,000 families secure their legacies and recover complex rejected claims. He specializes in Life Insurance (LIC), Health, and Motor insurance advisory, with a deep focus on documentation precision and regulatory compliance.
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Expert Setup: Plan 715 Authority.