What is LIC New Jeevan Anand (Plan 915)?
LIC New Jeevan Anand (Plan 915) is one of the most popular endowment plans offered by Life Insurance Corporation of India. It uniquely combines endowment savings with whole life coverage — meaning life cover continues even after the policy matures.
Key Features of Plan 915
- Type: Participating Endowment + Whole Life
- Entry Age: 18 to 50 years
- Policy Term: 15 to 35 years
- Sum Assured: Minimum ₹1,00,000
- Bonus Rate: ₹48 per ₹1,000 SA per year (2025-26)
- FAB: ₹850 per ₹1,000 SA (paid at maturity)
What Makes Plan 915 Unique?
Unlike regular endowment plans where life cover ends at maturity, Plan 915 continues the basic Sum Assured as a whole life cover even after you receive the maturity amount. This means your family gets the SA again on death — even 30 years after maturity!
Maturity Benefit Calculation
Maturity = Sum Assured + Reversionary Bonus + Final Addition Bonus. For a 30-year-old with ₹10L SA and 20-year term: Maturity ≈ ₹10L + ₹9.6L bonus + ₹0.85L FAB = ₹20.45L approximately.
Premium Example
For Age 30, ₹10 Lakh SA, 20-year term: Annual Premium ≈ ₹62,100 (0% GST from Sep 2025). Use our free calculator for exact premium.
Who Should Buy Plan 915?
Plan 915 is ideal for salaried professionals, business owners, and anyone wanting a combination of savings and permanent life protection. The dual benefit — maturity payout plus lifelong cover — makes it stand out among all LIC plans.
Conclusion
LIC New Jeevan Anand remains one of the best endowment plans in 2026. With 0% GST since September 2025, the savings are even better. Calculate your exact premium using our LIC Calculator.
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