# How to Calculate LIC New Jeevan Anand Premium (Chart 2023) + LIC Premium Calculator

Are you trying to find out How to calculate Premiums for LIC New Jeevan Anand policy in India (2023)? Or What is the premium of LIC New Jeevan Anand using Jeevan Anand premium Calculator?

Then you will find this article on LIC New Jeevan Anand premium Chart 2023 and the LIC New Jeevan Anand Premium Calculator very useful.

LIC New Jeevan Anand (Plan 915 and Plan 815 earlier) is one of the most popular and heavily-sold (by agents) endowment plan of LIC. It is “a non-linked, participating, individual, life assurance savings plan”, where you need to pay a premium for X number of years and then on maturity, you get a fixed sum assured plus bonuses. After the policy maturity the life cover still continues, and as and when the policyholder eventually dies, the nominee will get up to 125% of the sum assured, again.

While this sounds good, wait till you see How to Calculate LIC Jeevan Anand Returns?

Once you have seen the IRR calculations of how much returns (just 4-6%) you get from LIC Jeevan Anand, pretty soon you will start looking for answers to much thoughtful questions like Should I surrender my LIC New Jeevan Anand?

But in this post, let’s understand How to calculate Premiums of LIC New Jeevan Anand policy?

What is LIC New Jeevan Anand policy Premiums amount (2023)?

LIC doesn’t provide any comprehensive premium chart or table from where you can simply look up the LIC Jeevan Anand premiums. So I used the LIC Premium Calculator provided on one of the sales websites of LIC (link) to find out premiums for various age/tenure combinations.

First a few points about eligibility – As per LIC New Jeevan Anand Eligibility Conditions, the minimum entry age is 18 years and the maximum entry age is 50 years. And you can choose a policy term between 15 to 35 years, provided your age at the time of Maturity or Maximum Maturity Age is 75 years.

With those criteria let us use a sort of LIC New Jeevan Anand premium calculator to find out how to calculate and what are the premium amounts for LIC New Jeevan Anand for various entry ages, policy term and sum assured combinations –

• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 5 lakh for Policy Term of 20 Years, the annual premium is Rs 28,624 per year, inclusive of taxes.
• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 5 lakh for Policy Term of 30 Years, the annual premium is Rs 17,537 per year, inclusive of taxes.
• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 20 Years, the annual premium is Rs 56,724 per year, inclusive of taxes.
• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 30 Years, the annual premium is Rs 34,552 per year, inclusive of taxes.
• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 20 lakh for Policy Term of 20 Years, the annual premium is Rs 1,13,447 per year, inclusive of taxes.
• For a 25-year old buying LIC New Jeevan Anand with Sum Assured Rs 20 lakh for Policy Term of 30 Years, the annual premium is Rs 69,104 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 5 lakh for Policy Term of 20 Years, the annual premium is Rs 29,443 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 5 lakh for Policy Term of 30 Years, the annual premium is Rs 18,229 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 20 Years, the annual premium is Rs 58,362 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 30 Years, the annual premium is Rs 35,934 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 20 Years, the annual premium is Rs 1.46 lakh per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 30 Years, the annual premium is Rs 89,837 per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 20 Years, the annual premium is Rs 2.92 lakh per year, inclusive of taxes.
• For a 30-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 30 Years, the annual premium is Rs 1.79 lakh per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 20 Years, the annual premium is Rs 63,329 per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 30 Years, the annual premium is Rs 40,645 per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 20 Years, the annual premium is Rs 1.58 lakh per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 30 Years, the annual premium is Rs 1.02 lakh per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 20 Years, the annual premium is Rs 3.17 lakh per year, inclusive of taxes.
• For a 40-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 30 Years, the annual premium is Rs 2.03 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 15 Years, the annual premium is Rs 96,920 per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 20 Years, the annual premium is Rs 72,085 per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 10 lakh for Policy Term of 25 Years, the annual premium is Rs 57,953 per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 15 Years, the annual premium is Rs 2.42 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 20 Years, the annual premium is Rs 1.80 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 25 lakh for Policy Term of 25 Years, the annual premium is Rs 1.45 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 15 Years, the annual premium is Rs 4.85 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 20 Years, the annual premium is Rs 3.60 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 50 lakh for Policy Term of 25 Years, the annual premium is Rs 2.90 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 1 Crore for Policy Term of 15 Years, the annual premium is Rs 9.69 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 1 Crore for Policy Term of 20 Years, the annual premium is Rs 7.21 lakh per year, inclusive of taxes.
• For a 50-year old buying LIC New Jeevan Anand with Sum Assured Rs 1 Crore for Policy Term of 25 Years, the annual premium is Rs 5.79 lakh per year, inclusive of taxes.

So this is your LIC Premium Chart (2023) for Jeevan Anand (Table No. 915 and 815) which tells you Jeevan Anand LIC premiums.

Given how detailed the above numbers are for each combination, I assume you would now be clear about What is your premium of LIC New Jeevan Anand policy.

So that is how you can use the above provided LIC New Jeevan Anand Premium Calculator (2023) using the annual premium details shared above.

Related Reading – How to Calculate LIC Bonus Amount on policies?

In general, it is best to avoid traditional endowment plans like LIC New Jeevan Anand as these neither provide good returns or large life cover.

Hopefully, you would have found this writeup on How to Calculate LIC New Jeevan Anand Premium (2023) in India useful. I have tried to make it as simple to understand as I could and have used LIC Premium Chart (2023) and a simple-to-understand LIC Jeevan Anand Premium Calculator of sorts, to show different premiums for different types of LIC New Jeevan Anand policy combinations. If you have doubts about what to do then please get in touch with a SEBI registered Investment Advisor to help you plan your finances properly.

Disclaimer – The views expressed above should not be considered professional investment advice or advertisement or otherwise. The article is for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the likes and take professional investment advice before taking any financial decisions or actions which may have financial implications now or in future.