LIC Jeevan Anand Plan 149 Calculator
Calculate Premium, Maturity & Death Benefits
Premium Details
Maturity Benefits
Death Benefits (During Term)
| Year | Death Benefit | Survival Benefit |
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Key Features of LIC Jeevan Anand Plan 149
- Combination of Endowment Assurance and Whole Life Plan
- Maturity benefit = Sum Assured + Accrued Bonus + Final Additional Bonus
- Life coverage continues even after maturity till age 100
- Double Accident Benefit (DAB) and Extended Permanent Disability Benefit (EPDB) available up to age 70
- Maximum DAB & EPDB cover: ₹5,00,000 or Sum Assured (whichever is less)
- Loan facility available after 3 years of premium payment
LIC Jeevan Anand Plan 149 is a traditional endowment-cum-whole life plan that offers both savings and life cover, and a calculator for this plan helps you easily estimate premium, maturity value and total benefits in advance. With the help of a LIC Jeevan Anand Plan 149 calculator, you can quickly check how much you may receive at maturity and how much risk cover your family will have, simply by entering a few basic details like age, sum assured and policy term.
LIC Jeevan Anand Plan 149 Overview
LIC Jeevan Anand Plan 149 (UIN: 512N206V01) is an older, very popular plan of LIC that combines guaranteed life cover with savings and bonus. Though LIC has stopped new sales of Plan 149 and introduced New Jeevan Anand, many policyholders still hold this plan and look for clear information and calculators for it.
Key points in simple words:
- It is an endowment plan during the chosen term and a whole-life cover thereafter up to age 100.
- On survival till the end of policy term, you get sum assured plus accumulated bonuses as maturity.
- Even after maturity, life cover equal to the basic sum assured continues for lifetime (or up to age 100, whichever is earlier).
Why a Jeevan Anand 149 Calculator is Useful
A Jeevan Anand 149 calculator is an online tool that helps you understand this plan in a simple, numeric way. Because the plan involves bonuses and lifelong cover, doing the calculation manually can be confusing for many policyholders.
With a good calculator, you can:
- Estimate your yearly/half-yearly/quarterly/monthly premium for a chosen sum assured and term.
- See approximate maturity value (sum assured + simple reversionary bonus + possible final additional bonus).
- View how life cover behaves during the term and even after maturity (till age 100).
Remember, bonus values used by any online calculator are usually based on current or assumed bonus rates, so the exact future amount is not guaranteed.
Inputs Used in LIC Jeevan Anand 149 Calculator
Most online calculators for LIC Jeevan Anand Plan 149 work on a few basic inputs that any ordinary user can understand. You don’t need any technical knowledge to use them; just have your policy details handy.
Common input fields:
- Age at entry: Your age when you started or plan to start the policy.
- Sum assured: The basic life cover amount (for example, ₹1,00,000, ₹5,00,000, ₹10,00,000 etc.).
- Policy term: Number of years you want to pay premium and keep the endowment part active (e.g., 15, 20, 25 years).
- Premium mode: Yearly, half-yearly, quarterly or monthly, depending on your convenience.
- Rider options: Some calculators also let you add riders like Accident Benefit or Critical Illness, if available and chosen.
By filling these details correctly, the calculator can generate a detailed illustration with premiums and benefits spread over the years.
Outputs You Get from the Calculator
Once you enter your data and submit, the LIC Jeevan Anand Plan 149 calculator gives you a clear picture of your policy in numbers. This helps you decide whether the plan fits your needs and budget.
Typical outputs:
- Approximate yearly premium and total premium payable over the entire term.
- Expected maturity benefit (sum assured + accumulated bonuses + possible final additional bonus).
- Pattern of death benefit during the policy term (sum assured + bonus).
- Continuing life cover amount after maturity, usually equal to the basic sum assured till age 100 or death.
These values are usually shown in a year-wise table, which makes it easier to understand how your money grows and how protection works over time.
Basic Features of LIC Jeevan Anand Plan 149
Although your focus is on the calculator, understanding the main features of the plan makes the calculator results much more meaningful.
Major features:
- Plan type: Participating endowment-cum-whole life plan (you may receive bonuses as declared by LIC).
- Maturity benefit: Sum assured plus simple reversionary bonus plus final additional bonus (if any) at the end of policy term, on survival.
- Death benefit during term: Sum assured plus bonuses paid to nominee, if death occurs during policy term.
- Life-time cover: After maturity, basic life cover continues for lifetime or up to age 100.
- Inbuilt accident and disability benefit: Double Accident Benefit and Extended Permanent Disability Benefit usually available up to a certain limit, often up to ₹5 lakh and up to age 70.
These features are exactly what the calculator uses in the background while generating your benefit illustration.
Eligibility and Basic Conditions (Simplified)
Before using any calculator, it helps to know whether the plan’s basic conditions match your profile. Different sources mention slightly varying limits, but broadly the eligibility looks like this.
- Minimum age at entry: Around 18 years.
- Maximum age at entry: Around 65 years (may vary slightly by source).
- Minimum sum assured: ₹1,00,000.
- Maximum sum assured: No fixed upper limit, subject to LIC’s underwriting rules.
- Policy term: Generally between 5 years and 57 years, depending on age at entry and other conditions.
Any good LIC Jeevan Anand 149 calculator will internally respect these ranges and show errors if your selection is out of allowed limits.
How to Use a LIC Jeevan Anand 149 Calculator Step-by-Step
Using a Jeevan Anand 149 Calculator is usually a small 3–4 step process that even a first-time user can handle. The interface is generally simple and mobile-friendly on most insurance portals.
Step 1: Enter your personal details
- Fill in your age at entry and, if asked, your gender and smoking status.
- Ensure the age matches the age used in your policy document if you are checking an existing policy.
Step 2: Choose sum assured and policy term
- Decide how much basic cover you want (say ₹5,00,000 or ₹10,00,000).
- Select a policy term that suits your goals, such as 15, 20 or 25 years, based on when you want the maturity amount.
Step 3: Select premium mode and riders
- Choose the payment mode: yearly is often cheaper overall than monthly because of modal loading, but monthly is lighter on pocket per installment.
- Tick riders like Accident Benefit or Critical Illness only if they are available and you need extra protection.
Step 4: View and understand the results
- Click “Calculate” or similar button to generate your premium and benefit summary.
- Carefully review yearly premium, total premiums paid, expected maturity amount and life cover continuation after maturity.
If anything looks confusing, you can adjust the sum assured or term and recalculate, which is the biggest advantage of using an online calculator.
Example Illustration (Simplified)
Many websites show a sample illustration to explain how LIC Jeevan Anand 149 works, often assuming a particular age, sum assured and term. The numbers below are only a simplified conceptual example based on such public illustrations, not exact or guaranteed values.
- Age at entry: 30 years.
- Sum assured: ₹10,00,000.
- Policy term: 25 years.
From one public illustration:
- Approximate yearly premium: around ₹41,000–₹42,000 per year (depending on mode and exact conditions).
- Total premium over 25 years: around ₹10,30,000 (approximate).
- Approximate maturity amount (sum assured + bonus): around ₹26,35,000 based on a particular assumed bonus rate.
- Additional whole-life cover of ₹10,00,000 continues even after maturity.
Again, these values can change with LIC’s actual bonus declarations, so always treat them as estimates rather than assured returns.
Sample Year-wise Snapshot Table
Below is a simplified, illustrative table just to show how a Jeevan Anand 149 calculator may present key milestones for a policy with age 30, sum assured ₹1,00,000 and policy term 25 years, based on typical public examples. The numbers are rounded and only for understanding; they are not official or guaranteed.
| Year | Age | Approx. cumulative premium paid (₹) | Approx. maturity / death benefit shown in examples (₹) | Life cover after maturity? |
|---|---|---|---|---|
| 1 | 31 | 4,100 | 1,00,000 (risk cover during term) | Not applicable yet |
| 5 | 35 | 20,500 | Sum assured + growing bonus (not yet payable) | Not applicable yet |
| 10 | 40 | 41,000 | Higher bonus accumulated, cover continues | Not applicable yet |
| 20 | 50 | 82,000 | Risk cover still sum assured + bonus | Not applicable yet |
| 25 | 55 | 1,03,000 | Maturity: sum assured + total bonus (example only) | After this, life cover equals basic sum assured till age 100 |
A real calculator will show exact premium values, exact assumed bonus amounts and separate figures for maturity benefit and post-maturity life cover.
Benefits of Using the Calculator Before Buying or Reviewing
Using a LIC Jeevan Anand Plan 149 calculator gives you clarity and control over your financial planning. Instead of blindly paying premiums, you clearly see what you might get in return and how your family will be protected.
Main advantages:
- Helps you choose the right sum assured that matches your budget and goals.
- Lets you compare different terms (e.g., 15 vs 20 vs 25 years) to see which maturity age suits you best.
- Gives a rough idea of returns compared to other safe instruments, keeping in mind that bonuses are not guaranteed.
- Makes it easy to explain the plan to your family members, because you can show numbers instead of just words.
If you already own the policy, you can also use such calculators to track how your benefits might look at different ages.
Important Points to Remember While Using the Calculator
While a calculator is very helpful, there are some important things you should always keep in mind.
- Bonus rates can change: The calculator usually assumes current or average bonus rates; future bonuses may be higher or lower.
- Tax rules can change: Many portals mention that premiums may be eligible for tax benefit under Section 80C and maturity may be tax-free under Section 10(10D), but tax laws can change and depend on your personal situation.
- Online values are indicative: Only the official policy bond and LIC’s official records will contain legally binding figures and terms.
- Plan 149 is discontinued for new sales: So calculators you seeonline are mainly for existing policyholders and for education; new buyers are typically offered “New Jeevan Anand” instead.
Always cross-check critical decisions with an authorised LIC agent or directly with LIC before committing large sums.
FAQs – LIC Jeevan Anand Plan 149 Calculator
What is LIC Jeevan Anand Plan 149?
It is a traditional participating endowment-cum-whole life plan that provides maturity benefit at the end of term and continues life cover up to age 100 or lifetime, whichever is earlier.
What does a Jeevan Anand 149 calculator do?
The calculator estimates your premium, maturity amount and death benefit for different combinations of age, sum assured and term using assumed bonus rates.
Are the maturity values shown in the calculator guaranteed?
No, the maturity value usually includes bonuses which depend on LIC’s future performance and declarations, so the final amount may differ from calculator figures.
Can new customers still buy LIC Jeevan Anand Plan 149?
No, Plan 149 has been withdrawn and replaced by New Jeevan Anand; however, many existing policyholders continue under the old plan and use calculators to track benefits.
What inputs do I need to use the calculator?
You generally need your age at entry, sum assured, policy term, premium payment mode and sometimes details about riders like Accident Benefit.
Does the calculator include accident benefit and disability benefit?
Some calculators include inbuilt Double Accident Benefit and Extended Permanent Disability Benefit up to specified limits, while others show them separately; always read the notes on the calculator page.
Is the life cover really available even after maturity?
Yes, one of the special features of Jeevan Anand 149 is that the basic sum assured continues as life cover even after the maturity amount is paid, up to age 100 or lifetime as per policy terms.
Should I rely only on online calculators for decision making?
No, calculators are useful for estimates and understanding, but you should also check your policy bond, official LIC documentation and, if needed, discuss with a qualified advisor before making big financial decisions.
Conclusion
LIC Jeevan Anand Plan 149 (UIN: 512N206V01) is a unique plan that combines savings plus lifelong protection, and understanding its benefits becomes much easier when you use a clear, user-friendly calculator. By entering simple details like age, sum assured and policy term, a LIC Jeevan Anand 149 calculator can help you estimate premiums, maturity amount and continuing life cover, so you can plan your future with more confidence and transparency.
