LIC Bima Shree, Table No. 848, is a money back plan which provides guaranteed addition (GAs) at the rate of Rs. 50 per thousand of basic sum assured for first 5 policy years and Rs 55 per thousand of sum assured from sixth policy year till the year of last premium payment. Complete details like Premium, Money Backs, Risk Cover and Maturity of this plan has been explained with an Illustration.

Key Features

  • Guaranteed Additions during premium payment term.
  • Availability of Accidental Death & Disability Benefit (AD & DB), Term Assurance riders.
  • Premium Waiver Benefit (PWB) Rider in case of Minor Policy Holder.
  • Paid premiums are exempted from income tax under 80C.
  • Tax free Money Backs and Maturity.

Plan Parameters

Age at Entry8 years (Completed)
Calculate your Age
Policy Term (Premium Paying Term)14(10), 16(12), 18(14), 20(16)
Maximum Age at Entry in Years) 
(As per Nearest Birthday)
55 Years for 14 Year Term
51 Years for 16 Year Term
48 Years for 18 Year Term
45 Years for 20 Year Term
Basic Sum Assured10,00,000 and above in multiples of 1,00,000
Premium Paying ModeYearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)
Premium Mode Rebate2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

Money Back and Maturity

The plan provides Guaranteed additions (GAs) at the rate Rs 50 per thousand of Sum Assured for first 5 policy years and Rs. 55 per thousand of sum assured from 6th year till the year of last premium payment and one time loyalty addition on maturity. During the policy term, this plan provides two fixed money backs (as certain percentage of Sum Assured) and on completion of policy term, maturity will be Sum Assured + Guaranteed additions (GAs) + Loyalty Addition (LA). Following table provides money backs and maturity details of all term available in this plan.

Policy Term (Years)1st Money Back2nd Money BackMaturity Details 
(on completion of policy term)
1430% of SA at end of 10th policy year30% of SA at end of 12th policy year40% of SA + GAs + LA
1635% of SA at end of 12th policy year35% of SA at end of 14th policy year30% of SA + GAs + LA
1840% of SA at end of 14th policy year40% of SA at end of 16th policy year20% of SA + GAs + LA
2045% of SA at end of 16th policy year45% of SA at end of 18th policy year10% of SA + GAs + LA

In above table, SA is Basic Sum Assured or simply Sum Assured

Risk Cover and Death Benefit

In case of death during first 5 year of policy, the death claim will be 125 % of Basic Sum Assured + Guaranteed Addition (GAs) at the rate of Rs 50 per thousand of Sum Assured per year.

In case of death after completion of 5 policy years and before maturity, the death claim will be 125 % of Basic Sum Assured + Guaranteed Addition (GAs) at the rate of Rs 55 per thousand of Sum Assured per year (up to the policy year of last premium payment) + Loyalty Addition (LA).