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Bima Shree Plan (848) – Reviews

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LIC’s Bima Shree (Plan no. 848) Launched on March 16, 2018. It is a non linked money back plan, limited premium payment term with guaranteed additions plan. As LIC is the most trustworthy brand among all insurers in the india, there might be so many question that this is a good plan or not.

A traditional money back plan offers life coverage throughout the policy term and money back benefits on regular basis as mentioned in terms and condition of policy.

Key Features of LIC Bima Shree Policy

  • Money Back Plan for a tenure of 14, 16, 18 & 20 years
  • Premiums need to be paid for (Policy term – 4 years) only
  • Designed for high networth individuals
  • Choice of 5 riders by paying additional premiums
    • Accidental Death and Disability Benefit Rider
    • Accident Benefit Rider
    • New Term Assurance Rider
    • New Critical Illness Benefit Rider
    • Premium Waiver Benefit Rider
Maturity benefits of LIC Bima Shree Plan 848
If policyholder survives up to the policy period, then he will receive the below benefits on regular intervals.
  • For 14 Yrs Policy-40% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.
  • For 16 Yrs Policy-30% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.
  • For 18 Yrs Policy-20% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.
  • For 20 Yrs Policy-10% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.
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