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Cost-Effective Plans
Welcome to LIC Bima Shree Plan NO. 748
DETAILS:
Secure Your Future with LIC’s Bima Shree Plan
LIC’s Bima Shree is a Par, Non-Linked, Individual Life Insurance plan designed for high-net-worth individuals. It offers an excellent combination of protection and savings, ensuring financial support to your family during unforeseen events while providing maturity benefits.
📌Key Features of LIC Bima Shree:
- Dual Benefits: A combination of protection and savings.
Limited Premium Payment: Enjoy benefits without a lifelong financial commitment.
Flexible Term Options: Choose policy terms of 14, 16, 18, 20, 24, or 28 years.
Survival Benefits: Receive periodic payouts at specific intervals during the policy term.
Rider Options: Enhance your coverage with optional riders.
High Sum Assured Rebates: Get attractive benefits for high-value policies.
Loan Facility: Access liquidity when required.
💰Eligibility Criteria
Minimum Entry Age: 8 years
Maximum Entry Age: 55 years for a 14-year term; varies by policy duration
Minimum Sum Assured: ₹10,00,000
Maximum Sum Assured: No limit (in multiples of ₹50,000)
💰Benefits at a Glance:
Death Benefit:
If death occurs within the first five years: Sum Assured on Death + Accrued Guaranteed Additions.
After five years but before maturity: Sum Assured on Death + Accrued Guaranteed Additions + Loyalty Additions (if any).
Sum Assured on Death: Higher of 125% of Basic Sum Assured or 7 times the annualized premium, subject to a minimum of 105% of total premiums paid.
Survival Benefit:
Periodic payments during the policy term as a fixed percentage of the Basic Sum Assured:
14 years: 30% of BSA on the 10th and 12th policy anniversaries.
16 years: 35% of BSA on the 12th and 14th policy anniversaries.
Other terms vary similarly based on policy duration.
Maturity Benefit:
Sum Assured on Maturity + Accrued Guaranteed Additions + Loyalty Additions (if any).
Example: For a 14-year term, 40% of the Basic Sum Assured.
Participation in Profits:
Eligible for Loyalty Additions after completing five policy years.
Guaranteed Additions:
₹50 per thousand of Basic Sum Assured for the first five years.
₹55 per thousand thereafter during the premium-paying term.
💰Additional Rider Benefits:
Accidental Death and Disability Benefit Rider
Accident Benefit Rider
New Term Assurance Rider
Premium Waiver Benefit Rider
Payment and Premium Details
Modes: Yearly, Half-Yearly, Quarterly, or Monthly (through NACH).
Rebates: Yearly Mode (2% rebate), Half-Yearly Mode (1% rebate).
High Sum Assured Rebate: 0.40% for sums above ₹20,00,000; 0.70% for sums above ₹50,00,000
Policy Loan Facility:
Available after one full year’s premium payment.
Loan up to 75% of the surrender value for in-force policies.
Surrender Value and Revival Options:
Guaranteed Surrender Value after two full years of premium payments.
Revival possible within five years from the first unpaid premium.
Tax Benefits:
Enjoy tax benefits on premiums paid and claim amounts as per prevailing tax laws.
Why Choose LIC Bima Shree ?
Reliable protection for your family.
Guaranteed returns on investment.
Flexibility to suit your financial goals.
Contact me today to learn more and secure your future with LIC’s Bima Shree Plan.
Contact Details:
Office Address: Village – Rehra, Post-Sabdalpur Rehra, Chandpur to Bijnor Road, Bijnor, UP 246701
Phone: +91-9759885268, +91-9690595268
Email: admin@subhashdadriwal.in