Endowment PlansPlan 715NRI Eligible

LIC New Jeevan Anand

Name: LIC New Jeevan Anand
Brand: Life Insurance Corporation of India
Availability: InStock

Savings plan that keeps protecting you even after maturity

What is LIC New Jeevan Anand?

LIC New Jeevan Anand (Plan 715, UIN 512N279V03) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.

Premiums are paid through the policy term, in yearly, half-yearly, quarterly or monthly mode. If the policyholder dies during the term, the nominee receives: Higher of 125% of BSA or 7x annualized premium (min 105% of total premiums paid) + vested bonuses + FAB. After maturity: BSA payable on death. On surviving the full term, the policyholder gets: Sum Assured on Maturity (= BSA) + vested Simple Reversionary Bonuses + Final Additional Bonus.

It suits people looking for savings, protection and long-term. NRIs can buy this plan too.

Key Highlights

Get maturity amount AND life cover continues for free after maturity

Excellent bonus track record

Loan facility available

One of LIC's most popular plans ever

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Higher of 125% of BSA or 7x annualized premium (min 105% of total premiums paid) + vested bonuses + FAB. After maturity: BSA payable on death.

When the Plan Matures (Maturity Benefit)

Sum Assured on Maturity (= BSA) + vested Simple Reversionary Bonuses + Final Additional Bonus

Eligibility & Details

Minimum Entry Age	18 years (completed)
Maximum Entry Age	50 years
Minimum Sum Assured	₹2,00,000
Policy Term	15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 years
Premium Paying Term	15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 years
Bonus Type	simple reversionary
Risk Level	low
NRI Eligible	Yes

Tax Benefits

Section 80C deduction on premiums
Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age	15 years	25 years	35 years
20 yrs	₹16,229	₹9,339	₹6,517
30 yrs	₹16,885	₹9,810	₹6,968
40 yrs	₹18,012	₹10,711	₹7,918
50 yrs	₹19,914	₹12,397	-

VERIFIED from official LIC Sales Brochure (512N279V03, Oct 2025 print): all 11 sample cells, mode rebates (-2%/-1%/NIL) and high-BSA rebate bands (2.50/4.00 per mille from 5L/10L) match exactly. Annual premiums in ₹ for BSA of ₹2 lakh, standard lives, exclusive of taxes. Entry 18-50, PT 15-35, min BSA ₹2,00,000. Life cover continues after maturity (BSA payable on death after maturity).

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 25-year term:

Annual Premium

₹49,050

Total Paid (25 yrs)

₹12,26,250

Est. Bonuses

₹12,50,000

Est. Maturity

₹22,50,000

That's approximately 1.8x of what you paid in premiums.

Maturity Benefit Illustration

Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25196% return

You Pay: 5.67 L

You Get: 11.10 L

Age 30191% return

You Pay: 5.82 L

You Get: 11.10 L

Age 35182% return

You Pay: 6.10 L

You Get: 11.10 L

Age 40174% return

You Pay: 6.38 L

You Get: 11.10 L

Entry Age	Annual Premium	Total You Pay	Est. Maturity	Return
25 yrs	₹22,686	5.67 L	11.10 L	196%
30 yrs	₹23,275	5.82 L	11.10 L	191%
35 yrs	₹24,401	6.10 L	11.10 L	182%
40 yrs	₹25,528	6.38 L	11.10 L	174%

Sum Assured: ₹5,00,000 | Term: 25years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Bonus Rate History

Simple Reversionary Bonus (₹ per ₹1,000 of Sum Assured per year)

2025

₹50

2024

₹50

2023

₹48

2022

₹46

2021

₹46

2020

₹44

2019

₹44

2018

₹42

2017

₹41

2016

₹39

One of LIC's highest bonus-declaring plans. Additionally, a Final Additional Bonus (FAB) of ₹20-30 per ₹1,000 SA is typically added at maturity for policies with 15+ year terms.

Who is This Plan Best For?

savingsprotectionlong-term

Frequently Asked Questions

What is LIC New Jeevan Anand (Plan 715)?

LIC New Jeevan Anand is a endowment plans plan from Life Insurance Corporation of India. Savings plan that keeps protecting you even after maturity.

What is the eligibility age for LIC New Jeevan Anand?

Entry age is between 18 and 50 years. Policy term: 15 to 35 years. Premium paying term: 15 to 35 years.

What is the minimum sum assured for LIC New Jeevan Anand?

Minimum sum assured is ₹2,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC New Jeevan Anand?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC New Jeevan Anand available for NRIs?

Yes. LIC New Jeevan Anand is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC New Jeevan Anand?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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