LIC BIMA SHREE PLAN

LIC New Endowment plan 914

Insurance is embodiment of prepardeness offering a safety net when life takes an unexpected turn

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:

Minimum Age-8

  • 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.

Maximum Age-50

  • 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 Age-60

  • 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

Plan Benefits

On Death :
  • Death during 5 yrs: SA on Death + GA
  • Death after 5 yrs: SA on Death + GA + LA

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