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 New Endowment
LIC New Endowment Plan (Plan 714) is the directly selling version of LIC's flagship regular-pay endowment, relaunched in October 2024 under revised IRDAI norms (replacing Plan 914). For a 30-year-old buying ₹5 lakh sum assured over 20 years, the annualised XIRR at current SRB of ₹42/₹1,000 SA/yr and FAB ≈ ₹70/₹1,000 SA at 20 yrs (rising sharply to ₹450 at 25 yrs) works out to approximately 5–6% — modestly ahead of a savings account, with maturity proceeds tax-free under §10(10D) and premiums qualifying for §80C. The seven-times annualised-premium death-benefit floor (down from 10× in the older 914) means the 10% SA rule for 10(10D) is easier to meet. Bonus rates are not contractually guaranteed.