LIC Bima Shree (Plan 948) – Premium Plan for HNIs
LIC Bima Shree (Plan 948) is designed for High Net Worth Individuals (HNIs) with minimum Sum Assured of ₹10 Lakhs. It combines the benefits of money back, guaranteed additions, and high bonus rates.
Who is This Plan For?
- Min Sum Assured: ₹10,00,000
- Entry Age: 8 to 55 years
- Income level: Upper middle class and above
Unique Features
- Bonus Rate: ₹50/1000 SA/yr (higher than standard plans)
- FAB: ₹900/1000 SA
- Regular survival benefits + guaranteed additions
- PPT = Policy Term - 4 years
Survival Benefits Structure
Bima Shree provides survival payouts at specific intervals. For a 20-year policy: Payouts at years 12, 14, 16, and maturity at year 20. This ensures regular liquidity while the policy grows.
Premium Example
Age 35, ₹20L SA, 16-year term: Annual premium ≈ ₹1,81,900/yr. Total premium paid (12 years): ₹21.83L. Maturity (year 16) ≈ ₹20L SA + ₹16L bonus + ₹1.8L FAB + survival benefits = ₹40L+. Returns: Excellent.
Why Choose Bima Shree Over Regular Plans?
Higher SA amount means you qualify for higher bonus slabs. The combination of GA + high bonus + survival benefits makes Bima Shree one of the most comprehensive LIC plans available.
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