LIC Jeevan Anand (Plan-149): Maturity Value Calculator

How Does the LIC Jeevan Anand Maturity Value Work?

Jeevan Anand 149's maturity value is a combination of disclosed bonuses and structured returns rather than a single figure.
This is how it works:

• Sum Assured: The guaranteed base amount you selected when purchasing the coverage is known as the sum assured.
• Bonus Accruals: Over the course of the policy term, LIC announced a reversionary bonus each year, which was calculated based on their yearly profits.
• Final Additional Bonus (FAB): If appropriate, LIC may additionally give long-term policyholders a one-time incentive at maturity.

Thus, upon the policy's maturity, you get
Sum Assured + Accrued Bonuses + Final Additional Bonus (if any) = Maturity Value
What's the best part? This reimbursement does not mean that your policy is over. With its lifetime risk protection, the life cover never ends.

Jeevan Anand Plan 149 Maturity Benefits

When the insurance policy matures, usually at the conclusion of its term, you receive a guaranteed payout that consists of

1. Sum Assured: The minimum sum for which you were protected.
2. Accrued Reversionary Bonuses: Your insurance value is increased by these bonuses, which accumulate annually.
3. Final Additional Bonus: If appropriate, this is LIC's way of saying "thank you" for your sustained investment.

You can use this final maturity amount for anything you want, such as retirement, your kids' education, a major financial goal, or just to feel safe knowing that you have a lump sum in the bank.
And the icing on the cake? Your life insurance coverage continues even after you receive this maturity bonus. A very uncommon feature in the current market is that LIC still provides death benefit coverage for the rest of your life.

Factors Affecting Your Maturity Value

Since each policy is slightly different, a number of important elements will affect your final payout:

• Sum Assured: Obviously, a larger maturity amount corresponds to a higher sum assured.
• Policy Term: Your policy accrues more bonuses the longer it is in effect.
• Bonus Rates: They are not set and might change over time based on LIC's yearly success.
• Final Additional Bonus (FAB): LIC's financials at the time and the length of your policy determine whether you qualify for FAB.
• Policy Start Date: Depending on when you began the plan, you can have a different bonus rate than someone who started later.

Jeevan Anand 149 provides strong benefits, but your precise maturity value is determined by a combination of performance-linked bonuses and guaranteed components.

LIC Jeevan Anand Eligibility Requirements (Plan-149)

The eligibility requirements of the LIC Jeevan Anand Plan-149 provide insight into why it was so popular, even though it is no longer accessible for new buyers.
To qualify:

1. 18 years old is the minimum entry age.
2. 65 is the maximum age to enter.
3. 75 is the maximum maturity age.
4. Policy terms ranged from 5 to 57 years.
5. The minimum sum assured is Rs. 1,00,000.
6. There is no upper limit to the maximum sum guaranteed (in multiples of Rs. 5,000).

From young professionals to those in their late careers, this broad eligibility band made it possible for everyone to plan for both wealth generation and protection under a single structure.

LIC Jeevan Anand's Premium Details (Plan-149)

Because the Jeevan Anand 149 premium structure was created with flexibility in mind, it is affordable for people of all income levels.
Premiums were determined by:

• Sum Assured
• Policy Duration
• Entry Age
• The Policy Term was typically aligned with the Premium Payment Term (PPT).

Premiums might be paid annually, semi-annually, quarterly, or monthly (via ECS) by policyholders. This flexibility allows you to schedule payments around your cash flow and financial comfort.

Downloads

Want to learn more about LIC Jeevan Anand (Plan-149) or need the documentation for your policy? Here are the important downloaded resources:

• Product Brochure:LIC Jeevan Anand (Plan-149) Brochure
• Policy Document: LIC Jeevan Anand (Plan-149) Policy Document

What Does LIC Jeevan Anand (Plan-149) Cover and What Does It Not?

Here’s what is included:

• Life Coverage During the Term: The whole sum assured plus bonuses are paid out if the policyholder passes away within the policy's term.
• Post-Maturity Life Coverage: This alluring "double benefit" feature keeps your life insurance coverage going even after you receive the maturity reward.
• Accidental Death (if chosen by the rider): Increased coverage if the rider had an accidental death benefit.

Here’s what is not included:

• Suicide Clause: Only 80% of premiums paid are reimbursed in the event of a suicide death within 12 months of the policy's start; there is no bonus or sum assured.
• Lapsed Policies: If premiums were not paid and the coverage expired without being renewed, no benefits are due.

For a complete understanding of exclusions, always read the fine print or speak with a LIC agent.

Documents Needed for LIC Anand Jeevan (Plan-149)

When purchasing (within its open period) or maintaining your existing plan, following documents are typically required:

• Identity Proof: Passport, Voter ID, Aadhaar, PAN, etc.
• Proof of address: Aadhaar, passport, or utility bills
• Age Verification: Birth and School Certificates
• Income Proof: ITRs or pay stubs (for broad sum assured)
• Pictures: Passport-size photographs
• Bank Account Information: For payouts or reimbursements

Procedure for Death Claims: LIC Anand Jeevan (Plan-149)

Making a claim should not be a stressful experience when things are tough. A streamlined procedure for LIC Jeevan Anand 149 is as follows:

• Report the policyholder's passing to the closest LIC branch or agent.
• Send in the necessary documents
  
• The original policy document
• Death certificate
• Bank evidence and the claimant's ID
• Medical records, if any
• Accident report (if the rider was active)
• If all paperwork is in order, LIC will validate and settle the claim, typically in 30 days.

Other Plans for LIC That Are Worth Examining

Did you miss Jeevan Anand's 149? Don't worry, LIC offers a variety of options to suit various periods of life:

• LIC Bima Jyoti: Life insurance and guaranteed returns
• LIC Jeevan Labh: Short premium terms, high potential for savings
• LIC Tech Term: A term plan that is entirely online
• LIC Jeevan Amar: Excellent coverage at reasonable rates
• LIC Jeevan Umang: A lump sum benefit combined with lifetime income