Default-scenario numbers assume a 30-year-old buying
₹5 lakh
sum assured at the latest declared bonus rate. Use each plan's calculator
to model your own inputs.
Our Take, Side by Side
LIC New Jeevan Anand
LIC New Jeevan Anand (Plan 715) is a participating endowment with a signature twist: once the policy matures you receive the full sum assured plus bonuses, but the basic life cover of the sum assured continues free of cost until the life assured turns 100. For a 30-year-old buying ₹5 lakh sum assured for 25 years, the XIRR at current SRB of ₹45/₹1,000 SA/yr and FAB ≈ ₹180/₹1,000 SA (Plan 715 has its own smaller FAB ladder, NOT the standard endowment ₹450) works out to roughly 5–6%. The post-maturity cover — a term policy worth the BSA running for decades at zero additional premium — is a genuine differentiator that is hard to price separately.
LIC Jeevan Lakshya
LIC New Jeevan Lakshya (Plan 733) is a limited-pay endowment built around an income-replacement death benefit: if the life assured dies during the term, the nominee receives 10% of the basic sum assured as annual income every year until the original maturity date, and then the full 110% of BSA plus bonuses at maturity. The premium-paying term is three years shorter than the policy term (e.g., 20-year term, 17-year PPT). For a 30-year-old buying ₹5 lakh BSA for 20 years, the XIRR at current SRB of ₹49/₹1,000 SA/yr (maturity-age band ≤55) and FAB ≈ ₹60/₹1,000 SA at 20 yrs (Plan 733 has its own smaller FAB ladder) is approximately 5–6%. The income-stream death benefit is the plan's defining differentiator.