Jeevan Anand (Plan 915)
Life Insurance Corporation of India · Complete policy analysis before you rely on it.
lic-jeevan-anand-915-policy.pdf·2200 KB
What you really own
This is a traditional LIC endowment-cum-whole-life plan. You're paying ₹38,500/year for 25 years (₹9.6L total) and will receive ~₹16–18L at maturity, plus whole-life death cover of ₹10L afterwards. IRR works out to ~4.5–5% — lower than a PPF, much lower than an index fund. Liquidity is tight: surrendering in the early years returns very little. Decision frame: if you value guaranteed corpus + life cover and are OK with low returns, keep it. If you're optimising for returns, term + equity SIP beats this badly.
Clarity score
Confusing
Lower means heavier fine print and more room for claim-day surprises.
Sum assured
₹10.0 L
₹10,00,000
Annual premium
₹39K
Maturity date
14 April 2050
2050
Life insured
1
under this policy
Investment verdict
Poor investment return
Below inflation-adjusted alternatives
You'll pay in
₹9.6 L
25 years × ₹39K
You'll get out
₹17.0 L
@ est. 5% IRR
Nifty 50 SIP
₹48.9 L
same ₹ at 11% / yr
PPF (govt. safe)
₹26.5 L
same ₹ at 7.1% / yr
Math summary. Over 25 years you pay ₹9,62,500. The policy is projected to return about ₹17.0 L — an internal rate of return of roughly 5%. The same premium into a Nifty 50 index SIP at historical returns would likely grow to ₹48.9 L — that's an opportunity cost of ~₹31.9 L.
Benchmarks are illustrative long-run averages (Nifty 50 ~11%, PPF ~7.1%). Actual returns vary. Not investment advice.
Breakdown
What you get, what you don't
Top covered items vs common exclusions, straight from the policy schedule.
The good
What this policy covers
- Sum assured of ₹10,00,000 payable on death during the paying term
- Maturity benefit at end of 25 years: sum assured + accumulated reversionary bonus + final additional bonus
- Whole-life death cover after maturity — ₹10L paid to nominee whenever insured passes
- Loan against policy after 3 full years of premiums — up to 90% of surrender value
The gaps
What it doesn't cover
- Suicide within 12 months of start or revival — 80% of premiums paid refunded
- Non-disclosure of medical history — classic LIC rejection reason
- Death from self-inflicted injury, hazardous pursuits, war (for some variants)
Catches
What to watch for
Clauses most likely to surprise you on claim day.
IRR of ~4.5–5% is below inflation-adjusted alternatives
After 25 years, the real (inflation-adjusted) return on this plan is close to zero. A term plan + PPF + index SIP combination typically produces 2–3× the final corpus.
Illiquid in early years
Stopping premiums in the first 2 years means losing everything you paid. Between years 3–10, surrender value is ~30–50% of premium — a real financial penalty.
Bundling insurance + investment costs you both ways
You pay more for less cover (vs term) and get worse returns (vs equity). Unbundling — buy term separately, invest the difference — is mathematically dominant in almost every scenario.
The fine print
Rules that change real outcomes
Room rules, co-pay and restoration shape claims more than headline cover.
Insured & nominee
Life insured and nominee
Akhil
Life insured · 32
This was a sample. Decode your own document in under a minute.
Same breakdown, on your actual policy, offer letter, NDA or agreement. Your file is private to your account; only the extracted text is analyzed.
Premium is ₹999 for 1 year. No auto-renewal.