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LIC

LIC Bima Shree

Popular Saving Plan Popular Saving Plan

Par, Non-Linked, Individual, Savings Plan

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The essentials

Your plan at a glance

Min. sum assured
1000000
Policy term
14 to 28 Years
Entry age
8 Years – 55 Years
Premium payment
Online , Offline

Plan Overview

LIC’s Bima Shree is designed to provide a combination of protection and savings, with periodic Survival Benefits during the policy term and a lump-sum Maturity Benefit at the end of the policy term. The plan is specially designed for High Net-worth Individuals and offers limited premium payment, loan facility, rider options and benefit instalment options.

Life Protection
Periodic Survival Benefits
Guaranteed Additions
Loyalty Addition

Features & Benefits

Protection + Savings
Combines life insurance protection with long-term savings and periodic benefits.
Limited Premium Payment
Premiums are payable for a period shorter than the policy term. The Premium Paying Term is Policy Term minus 4 years.
Periodic Survival Benefits
Receive Survival Benefits at specified policy anniversaries during the policy term.
Guaranteed Additions
Guaranteed Additions accrue at ₹50 per ₹1,000 Basic Sum Assured for the first five years and ₹55 per ₹1,000 from the 6th policy year until the end of the Premium Paying Term, subject to applicable conditions.

Coverage Details

Parameter Details
Plan Type Par, Non-Linked, Life, Individual, Savings Plan
Plan No. 748
Policy Term 14, 16, 18, 20, 24 or 28 years
Premium Payment Limited Premium
Premium Paying Term Policy Term minus 4 years
Maturity Benefit Sum Assured on Maturity + Guaranteed Addition + Loyalty Addition, if applicable

Eligibility Criteria

Minimum Entry Age 8 years completed
Maximum Entry Age Depends on the selected policy term
14-Year Term Maximum 55 years
16-Year Term Maximum 53 years
18-Year Term Maximum 51 years
20-Year Term Maximum 49 years
24-Year Term Maximum 45 years
28-Year Term Maximum 41 years
Minimum Basic Sum Assured 10,00,000
Maximum Basic Sum Assured No limit, subject to LIC's underwriting rules

Required Documents

Identity Proof
Aadhaar Card
Address Proof
Voter ID
Financial Documents
Income proof if required
Other Documents
Passport size photograph

Frequently Asked Questions

LIC's Bima Shree is a Par, Non-Linked, Life, Individual, Savings Plan offering life protection, periodic Survival Benefits and a Maturity Benefit.

The current plan number is 748 and the UIN is 512N316V03.

No. It is a Limited Premium plan. The Premium Paying Term is 4 years shorter than the policy term.

Yes. A policy loan facility is available subject to applicable conditions.

Yes. The Settlement Option allows eligible maturity benefits to be received over 5, 10 or 15 years.
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Download Resources
Proposal Form PDF
Plan Brochure PDF

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