LIC BIMA SHREE PLAN
LIC Bima Shree plan is a non-linked, with-profit, limited premium payment money back life insurance plan with a minimum Basic Sum Assured of Rs. 10 lakh especially designed for High Net-worth Individuals in India and abroad.
Premium Payment Modes for LIC Bima Shree plan: The policyholder can pay Yearly, Half-yearly, Quarterly, Monthly(NACH)
Term & Premium payment in LIC Bima Shree plan:
- For Term 14yrs-premium payment is 10yrs,
- For Term 16yrs-premium payment is 12yrs,
- For Term 18yrs-premium payment is 14yrs,
- For Term 20yrs-premium payment is 16yrs.
Minimum Entry Age: 8 Years completed
Maximum Entry Age :
- 55 Years (Nearer Birthday) for Term 14
- 51 Years (Nearer Birthday) for Term 16
- 48 Years (Nearer Birthday) for Term 18
- 45 Years (Nearer Birthday) for Term 20
Maximum Maturity Age :
- 69 Years (Nearer Birthday) for term 14
- 67 Years (Nearer Birthday) for term 16
- 66 Years (Nearer Birthday) for term 18
- 65 Years (Nearer Birthday) for term 20
Minimum Sum Assured: Rs 10 lakh (Multiple of 1 lakhs thereafter)
Maximum Sum Assured: No Limit
Plan Benefits :
On Death :
- Death during 5 yrs: SA on Death + GA
- Death after 5 yrs: SA on Death + GA + LA
*SA on Death*: 125% of BSA or 10 times AP or 105% of Premiums Paid
Survival Benefits :
- For 14 yrs policy: 30% of BSA in 10th & 12th year
- For 16 yrs policy: 35% in 12th & 14th year
- For 18 yrs policy: 40% in 14th & 16th year
- For 20 yrs policy: 45% in 16th & 18th year