LIC’s Bima Shree Plan (T-948) is with profits Limited Premium Payment Money Back Plan . This plan is available with Guaranteed Additions specially designed for upper middle class citizens with a minimum Basic Sum Assured of ₹ 10 Lakhs. This Plan provides Financial Support to the Family both in case of Death during the Policy Term and in the form of money back to the policyholder at some important stages.

Key Features

• Immediate Risk Cover to the Family from Day 1.
• Bima Shree Plan Provides Financial Support to the Family in the form of Guaranteed Tax Free Money Back, Tax Free Maturity with Guaranteed Additions along with Loyalty Additions.
• Bima Shree Plan is available with Guaranteed Additions of ₹ 50/- per thousand Sum Assured for the First Five Years & there after ₹ 55/- per thousand Guaranteed Additions from 6^th year till the end of Premium Paying Term along with Loyalty additions.
• Accidental Death and Disability Rider, Accident Benefit Rider, Term Assurance Rider, Critical Illness Rider options are available with this plan making this more attractive.
• Along with these riders Premium Waiver Benefit Rider is also available for minors.
• Double Tax Benefit of Section 80C & Section 10(10D).
• Bima Shree plan provides a paid up value only after 2 years of term.
• Loan is also available under this plan after completion of 2 years.
• Settlement options :
  • For Money Back till Maturity with Interest.
  • For Maturity/Death Benefit to be Decided in Advance for 5/10/15 Years.

Policy Benefits

• Death Benefits:

On Death During First 5 Years:  “Sum Assured on Death” along with Accrued Guaranteed Additions shall be payable.                                                                                                                                                   On Death After Completion of 5 Policy Years But Before Maturity:  “Sum Assured on death” along with Accrued Guaranteed Additions and Loyalty Additions shall be payable. Where “Sum Assured on Death” is defined as the higher of :

• 10 times of annualized premium or
• Absolute amount assured to be paid on death, i.e. 125% Basic Sum Assured

• Survival Benefits (Money Back):

On the Life Assured surviving the specified duration during the Policy Term, a Guaranteed Money Back shall be payable as below: For Policy Term 14 Years: 30% of Basic Sum Assured on 10th & 12^th Policy Anniversary For Policy Term 16 Years: 35 % of Basic Sum Assured on 12^th & 14^th Policy Anniversary For Policy Term 18 Years: 40 % of Basic Sum Assured on 14^th & 16^th Policy Anniversary For Policy Term 20 Years: 45% of Basic Sum Assured on 16^th & 18^th Policy Anniversary

• Maturity Benefits:

On the Life Assured surviving to the end of the Policy Term Sum Assured shall be payable as below: For Policy Term 14 Years: 40% of Basic Sum Assured along with Accrued Guaranteed Additions & Loyalty Additions. For Policy Term 16 Years: 30% of Basic Sum Assured along with Accrued Guaranteed Additions & Loyalty Additions. For Policy Term 18 Years: 20% of Basic Sum Assured along with Accrued Guaranteed Additions & Loyalty Additions. For Policy Term 20 Years: 10% of Basic Sum Assured along with Accrued Guaranteed Additions & Loyalty Additions.

Eligibility Criteria:

Minimum Age to Apply	8 Years (Completed)
Maximum Age to Apply	55 Years (Nearer Birthday) for policy term 14 years
	51 Years (Nearer Birthday) for policy term 16 years
	48 Years (Nearer Birthday) for policy term 18 years
	45 Years (Nearer Birthday) for policy term 20 years
Policy Term	14, 16, 18 & 20 Years
Premium Paying Term (PPT)	Policy Term – 4 Years
Maximum Age at Maturity	69 Years (Nearer Birthday) for policy term 14 years
	67 Years (Nearer Birthday) for policy term 16 years
	66 Years (Nearer Birthday) for policy term 18 years
	65 Years (Nearer Birthday) for policy term 20 years
Premium Paying Mode	Yearly, Half Yearly, Quarterly & Monthly (NACH)
Minimum Basic Sum Assured	₹ 10Lakhs
Maximum Basic Sum Assured	No Limits (In Multiple of ₹ 1 Lakhs)