LIC Jeevan Anand Policy 2026: Can Saving ₹45 Daily Build a ₹25 Lakh Fund? Check Benefits and Calculation
LIC Jeevan Anand Policy 2026: Building a substantial financial reserve does not always require a large monthly investment. Regular savings over several years can help individuals work towards their long-term financial goals. Life Insurance Corporation of India (LIC) offers insurance products that combine life protection with a savings component, and Jeevan Anand is one such plan.
A recent report suggests that saving approximately ₹45 per day, equivalent to around ₹1,358 per month, could help generate a maturity amount of approximately ₹25 lakh over a 35-year period under an illustrative Jeevan Anand policy.
However, ₹25 lakh is not a guaranteed maturity amount for everyone paying ₹45 daily. The actual premium, sum assured, bonuses and final payout depend on the policy version, age at entry, policy term and applicable LIC rules.
Anyone considering the scheme should understand how the policy works before making a long-term financial commitment.
What Is LIC Jeevan Anand Policy?LIC Jeevan Anand is a traditional life insurance product designed to combine savings and insurance protection.
The plan provides life cover during the policy term and pays a maturity benefit when the insured person survives until the end of that term, subject to the policy conditions.
A distinguishing feature of the Jeevan Anand product structure is that a specified life cover may continue after maturity, even though regular premium payments have ended.
This makes the plan different from a conventional term insurance policy, which primarily provides death protection for a specified period without a savings maturity benefit.
LIC has issued different versions of Jeevan Anand over time. Therefore, buyers should verify the current availability and terms of the specific product rather than relying on details from an older version.
LIC Jeevan Anand: ₹45 Daily Savings CalculationThe report presents an example in which a policyholder sets aside approximately ₹45 daily over 35 years.
The approximate savings calculation is shown below.
Particulars Illustrative Amount| Daily Savings Equivalent | ₹45 |
| Monthly Premium Assumption | ₹1,358 |
| Annual Premium Assumption | ₹16,300 |
| Policy Duration | 35 Years |
| Total Premium Based on ₹16,300 Annually | ₹5,70,500 |
| Assumed Basic Sum Assured | ₹5,00,000 |
| Illustrative Reversionary Bonus | ₹8,60,000 |
| Illustrative Final Additional Bonus | ₹11,50,000 |
| Illustrative Total Maturity Amount | ₹25,10,000 |
The figures above reproduce the example in the report. They are not an official LIC benefit illustration or a verified quotation for a currently available policy.
The stated monthly, daily and annual figures are approximate equivalents rather than exactly matching payment amounts.
How Could the ₹25 Lakh Maturity Amount Be Calculated?According to the example, the assumed basic sum assured is ₹5 lakh.
The report then adds an illustrative reversionary bonus of ₹8.60 lakh and a final additional bonus of ₹11.50 lakh.
The calculation is:
\[ ₹5,00,000+₹8,60,000+₹11,50,000=₹25,10,000 \]
This produces a projected maturity amount slightly above ₹25 lakh.
However, participating life insurance policies may receive bonuses based on LIC's declared rates and the relevant policy conditions.
Future bonus declarations are not fixed in advance, and a final additional bonus is not automatically payable at the amount used in the example.
Therefore, this calculation should not be interpreted as a guaranteed investment return.
What Benefits Does LIC Jeevan Anand Offer?The policy combines several features associated with traditional participating life insurance plans.
Life insurance protection: The policy provides death benefit protection during its term, subject to the conditions of the selected version.
Maturity benefit: If the insured survives the policy term, the maturity benefit generally includes the basic sum assured and applicable vested bonuses.
Life cover after maturity: Under the Jeevan Anand structure, a specified death benefit continues after maturity, subject to the policy terms.
Potential bonus additions: Eligible participating policies may receive simple reversionary bonuses and, where applicable, a final additional bonus.
Policy loan facility: Loans may be available once the policy satisfies the applicable conditions, including surrender-value requirements.
These features should be evaluated together with premium affordability, surrender conditions and the actual amount of insurance protection.
Which LIC Jeevan Anand Plan Is Available in 2026?LIC's official website lists New Jeevan Anand, Plan 715 (UIN 512N279V03) among its endowment products.
The earlier Plan 915 was withdrawn on October 1, 2024. Therefore, customers purchasing a new policy should refer to the latest Plan 715 documents rather than older benefit illustrations.
The official product information is available here:
LIC New Jeevan Anand Plan 715 – Official Details
Does LIC Jeevan Anand Provide Tax Benefits?Tax treatment depends on the applicable Income Tax Act provisions, the policy's issue date, premium amount, sum assured and other conditions.
Eligible life insurance premiums may qualify for deductions under Section 80C when the taxpayer uses the old tax regime and satisfies the relevant requirements.
Maturity proceeds may also qualify for exemption under Section 10(10D), subject to the applicable conditions and restrictions.
However, tax benefits are not automatic for every policyholder. Individuals using the new tax regime generally cannot claim the usual Section 80C deduction.
Customers should consult the current tax rules or a qualified tax professional before making decisions based on potential tax savings.
What Should You Check Before Buying the Policy?Before purchasing New Jeevan Anand, prospective policyholders should request an official personalised benefit illustration from LIC.
This should clearly distinguish guaranteed benefits from non-guaranteed projections.
It is also important to compare the insurance coverage with the family's actual financial needs. A savings-linked insurance policy may not provide the same level of life cover as a separate term insurance plan for a comparable premium.
Policyholders should consider whether they can continue paying premiums throughout the selected term. Discontinuing payments early may reduce benefits or result in surrender-related losses.
LIC New Jeevan Anand offers a combination of long-term savings and life insurance protection. Its continuing life cover after maturity is an important feature for customers evaluating traditional insurance products.
The example of saving ₹45 daily and accumulating approximately ₹25 lakh over 35 years illustrates how long-term premium payments and assumed bonuses can produce a substantial projected payout.
Nevertheless, the ₹25 lakh figure should not be treated as an assured return. The actual maturity amount will depend on the official policy illustration, guaranteed benefits and bonuses declared under the applicable plan.
Before purchasing LIC New Jeevan Anand in 2026, check Plan 715's latest terms and obtain a personalised premium and maturity calculation directly from LIC.