🌟 LIC’s Bima Shree – Plan in Brief

 Type of Plan:

👉 It is a money-back, savings plus protection plan (a combination of insurance + investment).
👉 It gives periodic money-back during the policy term and a lump sum at maturity.

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💡 Key Features:

For High-Value Customers: This plan is made for people looking for large insurance coverage (minimum ₹10 lakh sum assured).

Money-Back Benefits: You get a part of the sum assured at regular intervals during the policy term — not just at the end.

Maturity Benefit: At the end of the policy term, you get the remaining amount + bonus.

Death Benefit: If the policyholder passes away during the term, their family receives the sum assured + bonuses, even if some money-back payments were already made.

Bonus Facility: Eligible for Simple Reversionary Bonus and Final Additional Bonus declared by LIC.

Loan Facility: You can take a loan against the policy after paying premiums for a certain period.

Tax Benefits: Premiums and returns are eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act.

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📅 Policy Terms Available:

1. 14 years
2. 16 years
3. 18 years
4. 20 years

Premium Paying Term:
= Policy Term - 4 years

(Example: If you choose 16 years policy, you’ll pay premiums for 12 years)

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💰 Example:

If you take a ₹10 lakh Bima Shree policy for 16 years,
you’ll get part payments (money-back) at specific years,
and at the end, you get the remaining amount + bonus.

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❤️ Who Should Take It?

✅ People who want guaranteed returns + life cover
✅ Ideal for long-term savings with periodic cash flow
✅ Best for businessmen, professionals, or salaried people who can invest in a high-value plan

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🌟 LIC’s Bima Shree – In Brief (Click here)

1. Type: Money-back savings + life insurance plan
2. Minimum Sum Assured: ₹10 lakh
3. Policy Terms: 14, 16, 18, or 20 years
4. Premium Paying Term: 4 years less than policy term

5. Benefits:

• Regular money-back payouts during the term
• Lump sum + bonus at maturity
• Full life cover throughout the term
6. Extra: Loan, tax benefits, and bonuses from LIC