Money Back PlansPlan 748NRI Eligible

LIC Bima Shree

Name: LIC Bima Shree
Brand: Life Insurance Corporation of India
Availability: InStock

Non-linked money back with guaranteed additions for high sum assured

What is LIC Bima Shree?

LIC Bima Shree (Plan 748, UIN 512N316V03) is a money back plan from Life Insurance Corporation of India. It is a non-participating plan with Guaranteed Additions: the additions accrue at rates fixed when you buy, so what you receive does not depend on LIC's yearly bonus declarations.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + guaranteed additions. On surviving the full term, the policyholder gets: 30% of SA at maturity + guaranteed additions (after survival payouts). Along the way: Guaranteed survival benefits at regular intervals.

It suits people looking for high net worth, guaranteed returns and periodic income. NRIs can buy this plan too.

Key Highlights

For high sum assured (₹10L minimum)

Guaranteed additions, no market dependency

Limited premium payment period

Regular survival benefit payouts

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + guaranteed additions

When the Plan Matures (Maturity Benefit)

30% of SA at maturity + guaranteed additions (after survival payouts)

Money You Get During the Plan (Survival Benefit)

Guaranteed survival benefits at regular intervals

Eligibility & Details

Minimum Entry Age	8 years (last birthday)
Maximum Entry Age	55 years
Minimum Sum Assured	₹10,00,000
Policy Term	14, 16, 18, 20, 24, 28 years
Premium Paying Term	10, 12, 14, 16, 20, 24 years
Bonus Type	guaranteed
Risk Level	low
NRI Eligible	Yes

Tax Benefits

Section 80C deduction on premiums
Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age	10 years	12 years	14 years	16 years	20 years	24 years
20 yrs	₹1,11,000	₹93,350	₹80,500	₹71,600	₹56,250	₹45,900
30 yrs	₹1,11,500	₹93,950	₹81,200	₹72,500	₹57,450	₹47,450
40 yrs	₹1,13,900	₹96,650	₹84,200	₹75,900	₹61,400	₹52,050
50 yrs	₹1,21,000	₹1,04,050	₹91,950	-	-	-

VERIFIED from official LIC Sales Brochure (512N316V03, effective 22/09/2025). HNI money back plan. Tabular annual premiums per ₹10 lakh BSA, back-solved exactly from the brochure samples (payable-yearly = tabular x 0.98; every cell resolves to a round tabular rate). Keys are the PPT; policy term = PPT + 4 (so PPT 10/12/14/16/20/24 = PT 14/16/18/20/24/28). Age 50 offers only PT 14/16/18. Min BSA ₹10 lakh, entry 8-55. Guaranteed Additions: ₹50 per ₹1,000 BSA for first 5 years, ₹55 from year 6. Survival Benefits: 30-45% of BSA. Previous table was a placeholder (all-zero rates, unverified mode/rebate).

Source: LIC Official Sales Brochure | Data last verified: 4 July 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 12-year term:

Annual Premium

₹93,950

Total Paid (12 yrs)

₹11,27,400

Est. Bonuses

₹5,40,000

Est. Maturity

₹15,40,000

That's approximately 1.4x of what you paid in premiums.

Maturity Benefit Illustration

Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25178% return

You Pay: 9.10 L

You Get: 16.20 L

Age 30176% return

You Pay: 9.19 L

You Get: 16.20 L

Age 35170% return

You Pay: 9.51 L

You Get: 16.20 L

Age 40165% return

You Pay: 9.82 L

You Get: 16.20 L

Entry Age	Annual Premium	Total You Pay	Est. Maturity	Return
25 yrs	₹56,850	9.10 L	16.20 L	178%
30 yrs	₹57,450	9.19 L	16.20 L	176%
35 yrs	₹59,425	9.51 L	16.20 L	170%
40 yrs	₹61,400	9.82 L	16.20 L	165%

Sum Assured: ₹10,00,000 | Term: 20years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Who is This Plan Best For?

high net worthguaranteed returnsperiodic income

Frequently Asked Questions

What is LIC Bima Shree (Plan 748)?

LIC Bima Shree is a money back plans plan from Life Insurance Corporation of India. Non-linked money back with guaranteed additions for high sum assured.

What is the eligibility age for LIC Bima Shree?

Entry age is between 8 and 55 years. Policy term: 14 to 28 years. Premium paying term: 10 to 24 years.

What is the minimum sum assured for LIC Bima Shree?

Minimum sum assured is ₹10,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Bima Shree?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Bima Shree available for NRIs?

Yes. LIC Bima Shree is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Bima Shree?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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