LIC LIC's Bima Shree (Plan No. 948): Full Guide, Eligibility & Premium

LIC's Bima Shree belongs to LIC's money back plans family. In one line: money back for high value cover

Eligibility at a glance — entry age 8 to 55 years; sum assured ₹10,00,000 and above; policy term 14, 16, 18 or 20 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Guaranteed additions during the premium paying term Survival benefits in the last four policy years High sum assured rebates Loan facility available Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Professionals and business owners wanting high cover plus periodic returns. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Bima Shree through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.