LIC’s Bima Shree

LIC’s Bima Shree

Overview: LIC’s Bima Shree is a non-linked, with-profits, limited premium payment money back life insurance plan specifically designed for High Net-worth Individuals (HNIs). The plan provides a combination of protection and savings with periodic survival benefits during the policy term and a lump sum payment at the end of the policy term.

Key Features:

• Plan Type: Non-linked, with-profits, money back life insurance plan.
• Policy Term: 14, 16, 18, or 20 years.
• Premium Payment Term: 4 years less than the policy term.
• Entry Age: Minimum 8 years; Maximum varies with the policy term.

Benefits:

1. Death Benefit: Sum Assured on Death along with Guaranteed Additions and Loyalty Additions.
2. Survival Benefit: Paid at the end of specific durations during the policy term.
3. Maturity Benefit: Basic Sum Assured along with Guaranteed Additions and Loyalty Additions.
4. Guaranteed Additions: ₹50 per ₹1,000 Basic Sum Assured for the first 5 years and ₹55 per ₹1,000 Basic Sum Assured from the 6th policy year onwards.

Eligibility:

• Minimum Basic Sum Assured: ₹10,00,000.
• Policy Term: 14, 16, 18, and 20 years.
• Premium Payment Term: Policy Term minus 4 years.

Riders:

• LIC’s Accidental Death and Disability Benefit Rider.
• LIC’s New Term Assurance Rider.
• LIC’s New Critical Illness Benefit Rider.
• LIC’s Accident Benefit Rider.