LIC Jeevan Anand is a traditional endowment plan that provides financial protection throughout the lifetime of the insured and a lump sum payment at the end of the policy term if the insured survives. It is a participating plan, which means that policyholders are eligible to receive bonuses declared by LIC from time to time.

The maturity benefit of LIC Jeevan Anand is calculated as follows:

  • Basic Sum Assured (BSA)
  • Simple Reversionary Bonuses (SRB)
  • Final Addition Bonus (FAB)

Basic Sum Assured (BSA) is the amount of insurance coverage that the policyholder has opted for. It is guaranteed and payable to the nominee in the event of the policyholder's death.

Simple Reversionary Bonuses (SRB) are declared by LIC on a yearly basis an
d credited to the policyholder's account. The SRB rate depends on the performance of LIC's investment portfolio.

Final Addition Bonus (FAB) is a bonus declared by LIC at the end of the policy term. The FAB rate is also dependent on the performance of LIC's investment portfolio.

The total maturity benefit of LIC Jeevan Anand is calculated as follows:

Maturity Benefit = BSA + SRB + FAB


For example, if a policyholder has opted for a BSA of ₹10,00,000 and the SRB and FAB rates are 45% and 20% respectively, the total maturity benefit will be:

Maturity Benefit = ₹10,00,000 + (45% of ₹10,00,000) + (20% of ₹10,00,000) = ₹16,50,000

The maturity benefit of LIC Jeevan Anand is payable to the policyholder on the date of maturity of the policy, if the policyholder is alive. If the policyholder dies before the maturity date, the death benefit is payable to the nominee.

Note: The maturity benefit of LIC Jeevan Anand is guaranteed only if the policyholder has paid all the premiums on time. If the policyholder surrenders the policy before maturity, the surrender value will be paid, which may be less than the total premiums paid.