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,
| Age at Entry | 8 years (Completed) |
| 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 Assured | 10,00,000 and above in multiples of 1,00,000 |
| Premium Paying Mode | Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only) |
| Premium Payment Mode rebate | 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly |
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 Back | 2nd Money Back | Maturity Details (on completion of policy term) |
| 14 | 30% of SA at end of 10th policy year | 30% of SA at end of 12th policy year | 40% of SA + GAs + LA |
| 16 | 35% of SA at end of 12th policy year | 35% of SA at end of 14th policy year | 30% of SA + GAs + LA |
| 18 | 40% of SA at end of 14th policy year | 40% of SA at end of 16th policy year | 20% of SA + GAs + LA |
| 20 | 45% of SA at end of 16th policy year | 45% of SA at end of 18th policy year | 10% of SA + GAs + LA |
Survival and Maturity Benefits under Bima Shree Plan 848 |
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| Policy Term | Surval and Maturity Benefits as a % of Basic Sum Assured SB=Survival Benrfits, MB=Maturity Benefits, GA=Guaranteed Addition, LA=Loyalty Addition | |||||
| 10 Yr | 12th Yr | 14th Yr | 16th Yr | 18th Yr | 20th Yr | |
| 14 Yrs | 30% (SB) | 30% (SB) | 40% (MB)+GA+LA | - | - | - |
| 16 Yrs | - | 35% (SB) | 35% (SB) | 30% (MB)+GA+LA | - | - |
| 18 Yrs | - | - | 40% (SB) | 40% (MB) | 20% (MB)+GA+LA | - |
| 20 Yrs | - | - | - | 45% (MB) | 45% (MB) | 10% (MB)+GA+LA |
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).
