Jeevan Anand Plan 149 Maturity Calculator

An essential tool for estimating the maturity benefits of your LIC Jeevan Anand (Plan 149) policy. Understand your potential returns with this simple calculator.

Year-wise breakdown of your policy value growth. All values are in Rupees (₹) and based on assumed bonus rates.

Year	Guaranteed Amount (SA)	Accumulated Bonus	Total Policy Value

What is the Jeevan Anand Plan 149?

The LIC Jeevan Anand Plan (Table No. 149) is a unique and now-withdrawn insurance policy from the Life Insurance Corporation of India (LIC). It was highly popular because it is a combination of an Endowment Plan and a Whole Life Plan. This dual-benefit structure provided policyholders with a lump sum payment upon surviving the policy term (maturity benefit), while also continuing a life insurance cover for the Sum Assured amount for their entire lifetime without any further premium payments.

This plan was designed for individuals seeking both a savings component for their long-term goals and a permanent life cover to ensure their family’s financial security. As a ‘with-profit’ plan, it participates in the profits of LIC, and a share of these profits is passed on to the policyholders in the form of bonuses.

Jeevan Anand Plan 149 Formula and Explanation

The maturity value of the Jeevan Anand Plan 149 is not a fixed amount but is calculated based on the performance of the corporation and bonuses declared. The general formula used for estimation is:

Estimated Maturity Amount = Basic Sum Assured + Total Simple Reversionary Bonus + Final Additional Bonus (FAB)

This formula is the core of our jeevan anand plan 149 maturity calculator. It combines the guaranteed amount with the non-guaranteed bonuses to project the final payout.

Variable	Meaning	Unit	Typical Range
Basic Sum Assured (SA)	The guaranteed amount you receive at maturity and the life cover amount.	Rupees (₹)	₹1,00,000 to No Upper Limit
Simple Reversionary Bonus	A bonus declared annually by LIC per thousand of Sum Assured. It accrues and is paid at maturity or death.	₹ per ₹1000 SA	₹38 – ₹49 (Varies yearly)
Final Additional Bonus (FAB)	A one-time bonus paid on maturity for policies that have run for a long duration (e.g., 15+ years). It is not guaranteed.	₹ per ₹1000 SA	₹20 – ₹450+ (Varies)

Practical Examples

Example 1: Standard Policy

• Inputs: Sum Assured = ₹10,00,000, Policy Term = 25 years, Assumed Bonus = ₹49/1000, Assumed FAB = ₹200/1000
• Calculation:
  • Sum Assured: ₹10,00,000
  • Total Bonus: (49 * 10,00,000 / 1000) * 25 = ₹12,25,000
  • FAB: (200 * 10,00,000 / 1000) = ₹2,00,000
• Result: Estimated Maturity = ₹10,00,000 + ₹12,25,000 + ₹2,00,000 = ₹24,25,000

Example 2: Shorter Term Policy

• Inputs: Sum Assured = ₹5,00,000, Policy Term = 15 years, Assumed Bonus = ₹41/1000, Assumed FAB = ₹20/1000
• Calculation:
  • Sum Assured: ₹5,00,000
  • Total Bonus: (41 * 5,00,000 / 1000) * 15 = ₹3,07,500
  • FAB: (20 * 5,00,000 / 1000) = ₹10,000
• Result: Estimated Maturity = ₹5,00,000 + ₹3,07,500 + ₹10,000 = ₹8,17,500

How to Use This Jeevan Anand Plan 149 Maturity Calculator

1. Enter Sum Assured: Input the base policy amount in Rupees.
2. Enter Policy Term: Provide the number of years for which you will pay the premium.
3. Adjust Assumed Bonus Rates: Enter the Simple Reversionary Bonus and Final Additional Bonus (FAB) rates. These are assumptions, and the default values are based on historical data. They are the most significant variables affecting the final amount. For more information, you can research the lic jeevan anand 149 benefits.
4. Click “Calculate”: The tool will instantly compute and display the estimated maturity value, along with a detailed year-by-year projection table and a growth chart.

Key Factors That Affect Your Maturity Amount

• Sum Assured: A higher Sum Assured directly leads to a higher maturity value and a larger base for bonus calculation.
• Policy Term: A longer policy term allows for more bonuses to accumulate, significantly increasing the final payout.
• LIC’s Profitability: The Simple Reversionary Bonus and Final Additional Bonus are directly linked to LIC’s profits. Higher profits generally lead to higher bonus declarations.
• Bonus Rates Declared: The annual bonus rates are not fixed. The rates declared each year during your policy term determine the final accumulated bonus.
• Age at Entry: While not a direct input in the maturity calculation itself, the age at entry determines the premium amount.
• Policy Continuity: The policy must be in full force (all premiums paid) until maturity to be eligible for all bonuses.

Frequently Asked Questions (FAQ)

1. Is the maturity amount shown by the calculator guaranteed?

No. The calculator provides an *estimation*. The Sum Assured portion is guaranteed, but the bonus amounts (Simple Reversionary and Final Additional) are not. They depend on future declarations by LIC. This tool helps in understanding the potential returns based on assumed rates.

2. What happens after I receive the maturity amount?

One of the unique features of Plan 149 is that even after you receive the full maturity amount (Sum Assured + Bonuses), a life insurance cover equal to the Sum Assured continues for your entire life. This amount is paid to your nominee upon your death.

3. What is the difference between Simple Reversionary Bonus and Final Additional Bonus?

The Simple Reversionary Bonus is declared annually and added to your policy. The Final Additional Bonus (FAB) is a one-time bonus given at maturity for policies that have been active for a long duration, as a loyalty reward.

4. Can I take a loan on this policy?

Yes, a loan facility is available under this plan, provided the policy has been in force for at least 3 years and has acquired a surrender value.

5. What if I stop paying premiums?

If you stop paying after at least 3 full years of premiums, the policy acquires a ‘Paid-Up Value’ and will be eligible for a reduced maturity amount. If you stop before 3 years, the policy lapses and no benefits are payable.

6. Is the maturity amount taxable?

Under current income tax laws (Section 10(10D)), the maturity amount received from a life insurance policy is typically tax-free, subject to certain conditions.

7. How does this calculator handle bonus rates?

This calculator uses input fields for you to enter an assumed bonus rate. We provide a default value based on historical data for Plan 149, but you can adjust it to see different scenarios. Check out this guide on how to calculate jeevan anand maturity amount.

8. Does this plan have an accidental death benefit?

Yes, Jeevan Anand Plan 149 had an inbuilt Accident Death and Disability Benefit rider up to a certain limit, which provided an additional sum assured in case of accidental death without extra premium.