Estimate premium and potential benefits for LIC's New Jeevan Anand Plan 715.
CHOOSE A PLAN (1st Year Premiums incl. GST)
Hello Sanjay, this presentation is specially prepared for you, according to your requirements.
Premium includes Goods and Services Tax (GST). Rate for First Year is 4.5%, and second year onwards is 2.25%.
CALCULATION DETAILS
Sum Assured:
₹
Age:
Term:
Premium Paying Term:
Death Sum Assured:
₹
AD & DB Sum Assured:
₹
Term Rider Sum Assured:
₹
"Sum Assured on Death" is higher of 125% of Basic Sum Assured (₹ ) or 7 times of Annualised Premium (₹ ). Minimum Death Benefit is 105% of total premiums paid.
MATURITY DETAILS (Approx. @8% illustration)
Sum Assured
Bonus (approx. @8%)
FAB (approx. @8%)
Total Maturity (approx. @8%)
₹
₹
₹
₹
Maturity value = Basic Sum Assured + Accumulated Simple Reversionary Bonus + Final Additional Bonus (FAB) if any. Bonuses shown are illustrative based on 8% p.a assumed return and are not guaranteed.
PLAN BENEFITS FOR NOMINEE/FAMILY (Approx. @8%)
On Death During Term (Sum Assured on Death):
₹
If Accidental Death (AD&D Rider SA):
₹
As on death bonus paid (Approx. @8%):
₹
As on death FAB paid (Approx.):
₹ 0
Term Rider Benefit (If Opted):
₹
Total Payable on Accidental Death (Approx. @8%)
₹
Total Payable on Natural Death (Approx. @8%)
₹
Benefit shown assumes illustrative death during policy year 10. Total payable on natural death excludes AD&D rider amount. Bonuses are illustrative (@8%) and depend on year of death. Basic SA cover continues after term. Benefits are Tax Free u/s 10(10D) subject to conditions.
Year-wise Policy Details (Illustrative)
▼
Policy Year
Annual Premium
GSV
Non-GSV (@4%)
Non-GSV (@8%)
Death Benefit (@4%)
Death Benefit (@8%)
Important: Bonus figures are illustrative based on assumed rates (4% & 8%) and NOT guaranteed. Actual results depend on LIC's performance. GSV applies after 2 full years' premium payment.
Below is the comparison table re‑ordered as you asked—715 → 915 → 815—so the latest (active) version appears first and the oldest last.
Feature
Plan 715 (Current – active)
Plan 915 (Mid version)
Plan 815 (Old)
UIN
512N279V03
512N279V02
512N279V01
Launch date
17 Oct 2024
1 Feb 2020
Older release (pre‑2020)
Withdrawal / status
Active
Withdrawn – 1 Oct 2024
Withdrawn – 1 Feb 2020
Policy term
15 – 35 yrs
15 – 35 yrs
15 – 35 yrs
Premium‑paying term
Same as policy term
Same
Same
Min entry age
18 yrs
18 yrs
18 yrs
Max entry age
50 yrs
50 yrs
50 yrs
Max maturity age
75 yrs
75 yrs
75 yrs
Min Sum Assured
₹2,00,000
₹2,00,000
₹1,00,000
Max Sum Assured
No upper limit
No upper limit
No upper limit
Death benefit
Higher of 125 % of BSA or 7 × annual premium + bonuses
Same
Same
Maturity benefit
Basic Sum Assured + bonuses
Same
Same
Bonuses
Simple Reversionary + Final Additional (if declared)
Same
Same
Premium modes
Annual / Half‑yearly / Quarterly / Monthly (ECS)
Same
Same
Rebates
High SA & annual/half‑yearly mode
Same
Same
Loan facility
Available
Available
Available
Optional riders
Accidental Death & Disability, Accident Benefit, New Term Assurance, New Critical Illness
Same
Same
Key point: All three Jeevan Anand versions are structurally the same participating endowment plan; differences are primarily (1) launch/withdrawal dates, (2) the minimum Sum Assured threshold that was raised from ₹1 lakh (815) to ₹2 lakh (915/715), and (3) their UIN code updates for regulatory tracking. For any new policy issuance, only Plan 715 is available today.
Published on: April 16, 2026
Sanjay Verma
Sanjay Verma is a financial content creator specializing in LIC policies, insurance planning, and calculator-based guides. He focuses on simplifying complex insurance concepts into practical, easy-to-understand content that helps readers make confident financial decisions. Through detailed research and structured analysis, Sanjay aims to provide clear, reliable, and user-focused information for smarter policy selection.
