LIC New Jeevan Anand 815 Maturity Calculator :

LIC New Jeevan Anand 815 Maturity Calculator: Complete Guide to Features, Benefits & Returns 

Are you searching for the LIC New Jeevan Anand 815 Maturity Calculator to estimate your returns? This classic endowment plan from Life Insurance Corporation of India (LIC) has been a favorite among investors for its unique blend of savings, life coverage, and lifelong protection — even after maturity.
Although Plan 815 was withdrawn on February 1, 2020 (replaced by updated versions like 915 and the current 715), thousands of existing policyholders continue to hold and mature their policies under this table number. In this detailed guide, we’ll cover everything about LIC New Jeevan Anand Plan 815, how the maturity is calculated, real-life examples, and tips to use online maturity calculators effectively.

What is LIC New Jeevan Anand Plan 815?

LIC’s New Jeevan Anand (Plan No. 815, UIN: 512N279V01) is a participating, non-linked endowment plan that combines:

Endowment savings (maturity payout after the policy term)
Whole-life insurance coverage (risk cover continues for life with basic Sum Assured)

This “twin benefit” feature made it hugely popular — you get a lump sum at maturity, and your family still receives the Sum Assured upon your death anytime later.

Key Eligibility & Features (as per original plan):

1. Entry Age: 18 to 50 years
2. Policy Term: 15 to 35 years
3. Maximum Maturity Age: 75 years
4. Minimum Sum Assured: ₹1,00,000 (multiples of ₹5,000)
5. Premium Payment Modes: Yearly, Half-yearly,
6. Quarterly, Monthly (SSS/ECS)
   Participating Plan: Eligible for Simple Reversionary Bonuses + Final Additional Bonus (if declared)
   Loan Facility: Available after 3 full years’ premiums
   Riders: Optional accidental death/disability benefits
   Tax Benefits: Premiums qualify under Section 80C; Maturity/Death benefits tax-free under Section 10(10D) (subject to conditions)

How Does the Maturity Benefit Work in LIC Jeevan Anand 815?

On survival to the end of the policy term (premium paying term = policy term), you receive:
Maturity Amount = Basic Sum Assured + Accrued Simple Reversionary Bonuses + Final Additional Bonus (FAB, if any)
After maturity:

You get the full maturity payout.
Life cover continues for the Basic Sum Assured (paid to nominee on death).

Death Benefit (during term):
Higher of:

125% of Basic Sum Assured, or
7 × Annualized Premium, or
105% of total premiums paid
Plus vested bonuses + FAB.

Post-Maturity Death Benefit:
Basic Sum Assured (no bonuses added after maturity).
How to Use LIC New Jeevan Anand 815 Maturity Calculator
Many reliable third-party tools provide approximate maturity estimates based on historical bonus rates (as LIC doesn’t offer an official calculator for withdrawn plans).
Steps to Calculate:

Enter your Age at entry
Select Policy Term (e.g., 20–35 years)
Input Basic Sum Assured (₹1 Lakh+)
Choose premium mode
The tool estimates premiums, year-wise bonuses, and total maturity

Sample Maturity Illustration (Indicative for 2026, based on recent bonus trends ~₹38–49 per ₹1,000 SA depending on term):
Let’s look at realistic examples for a healthy male:
Example 1: Age 30, Sum Assured ₹10,00,000, Term 25 Years

Approximate Annual Premium: ₹45,000–₹52,000 (depending on mode & exact age)
Estimated Reversionary Bonus: ~₹45–50 per ₹1,000 SA per year (historical average)
Total Maturity (approx.): ₹18–22 Lakhs (Sum Assured + Bonuses)
Post-Maturity Life Cover: ₹10,00,000 (lifelong)

Here are visual examples of maturity projections from popular calculators:
These images show sample breakdowns — actual amounts vary with declared bonuses.
Example 2: Age 35, Sum Assured ₹5,00,000, Term 20 Years

Annual Premium: ~₹30,000–₹35,000
Estimated Maturity: ₹9–11 Lakhs
Lifelong Cover after Maturity: ₹5,00,000

Bonus Calculation Formula (Simplified):
Total Reversionary Bonus = (Sum Assured × Bonus Rate per ₹1,000 × Term) / 1000
Example: For ₹10 Lakh SA, 25-year term, average ₹45/1000 bonus:
(10,00,000 × 45 × 25) / 1000 = ₹11,25,000 (bonus)
Total Maturity ≈ ₹10 Lakh + ₹11.25 Lakh + FAB (if any) = ~₹21–23 Lakh
Note: Bonus rates are declared annually by LIC (e.g., recent years ~₹38–46 per ₹1,000 for longer terms). FAB is one-time at maturity (higher for longer terms).
Popular Online LIC Jeevan Anand 815 Maturity Calculators (2026)
Several trusted websites offer free tools:

LIC New Jeevan Anand 815 Maturity Calculator :

Always cross-check with your LIC branch for exact policy-specific values, as bonuses are performance-based.
Pros & Cons of LIC New Jeevan Anand 815
Pros:

• Lifelong risk cover after maturity — rare in endowment plans
• Guaranteed maturity + bonuses
• Loan facility for emergencies
• Tax advantages

Cons:

• Returns moderate (4–7% IRR approx., depending on bonuses)
  Withdrawn plan — new buyers get updated versions (715)
  Lower liquidity before maturity
• Final Thoughts: Is LIC Jeevan Anand 815 Worth It in 2026?

For existing policyholders, continue paying premiums — the lifelong cover + maturity makes it valuable. For new investments, consider current LIC plans like New Jeevan Anand 715 (updated minimum SA ₹2 Lakh, similar benefits).

Use a LIC New Jeevan Anand 815 Maturity Calculator

today to plug in your details and plan ahead. Visit your nearest LIC branch or agent for personalized illustrations.
Protect your family’s future with LIC’s trusted legacy! Have questions about your policy? Share in the comments below.

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