LIC Bima Shree Money Back Plan 848 Details | Features, Benefits Reviews, Premium, Maturity and Risk Cover

LIC Bima Shree Plan 848 is a non-linked LIMITED premium payment money back plan with inbuilt critical illness for high net worth individuals.

LIC Bima Shree Money Back Plan 848 Benefits

Guaranteed Addition payable every year @ Rs 50/- per 1000 SA for 1st 5 years and Rs 55/- till end of Premium Paying Term and Loyalty Addition if any.

Death benefit:

1st 5 years: 125% of Basic Sum assured + Accrued Guaranteed Addition

Thereafter 125% of Basic Sum Assured + Accrued Guaranteed Addition + Loyalty Addition

Additional features

• Option to defer payment of Survival benefit with payment of increased S B due at any time.
• Settlement option: To take maturity amount in 5, 10 or 15 years installment.
• Option to take death benefit in installment in 5, 10 or 15 years installment.

Policy  Term  Options 

Option – 1 :  14   years

Option – 2 :  16   years

Option – 3 :  18   years

Option – 4 :  20  years

LIC Bima Shree Money Back Plan 848 Features & Details

Age Group    –  Policy Term

18  –  55 yrs    -    14   yrs 

18  –  51  yrs    -   16   yrs 

18  –  48 yrs    -    18   yrs 

18  –  45 yrs    -    20   yrs


Term – 4  =  Premium Paying Term

14 yrs – 10 yrs

16 yrs – 12 yrs

18 yrs – 14 yrs

20 yrs – 16 yrs

LIC Bima Shree Money Back Plan Benefits Chart

• Minimum Sum assured Rs 10 lakhs.
• Maximum Sum assured No Limit (Depends of Income)
• Policy term 14, 16, 18, 20 years
• Premium term Policy term less 4 years. (i.e., 10, 12, 14 and 16 years.)
• Mini Age at entry 8 completed. For rest age nearer Birthday.
• Maximum Age 55yrs (NBD) for 14, 51yr for 16, 48yr for 18 and 45 yr. for 20 years term
• Max Maturity age 69 yrs. (NBD) for 14, 67 yr. for 16, 66 yr. for 18 and 65 yr. for 20 years term
• Rider PWB, DAB& EPDB, DAB, Term and critical illness riders allowed.
• Mode Yearly, Half yearly, Qly, SSS AND monthly under NACH.
• Grace period 30 days.
• Paid value after payment of 2 yearly premium, PAID VALUE acquired and proportionate benefit like SB due, Maturity value or death payable based on such “Maturity Paid Value Sum assured” or “death paid up sum assured”
• Loan/Surrender Allowed.

LIC Bima Shree Money Back Plan 848 Survival Benefits

If a policyholder survives to each of the specified duration during the policy term,  fixed percentage (%) of Basic Sum Assured (BSA) will be payable as given below.

For 14 Yrs Policy - 30% of Basic Sum Assured on each 10th and 12th policy year.

For 16 Yrs Policy - 35% of Basic Sum Assured on each 12th and 14th policy year.

For 18 Yrs Policy - 40% of Basic Sum Assured on each 14th and 16th policy year.

For 20 Yrs Policy - 45% of Basic Sum Assured on each 16th and 18th policy year.

LIC Bima Shree Money Back Plan 848  Death Benefits

Death Sum Assured + Guaranteed Additions + Loyalty Additions

LIC Bima Shree Money Back Plan 848  Maturity Benefits

If policyholder survives up to the policy period, then he/she will receive the below maturity benefits.

For 14 Yrs Policy - 40% of Basic Sum Assured + Guaranteed Addition + Loyalty Addition.

For 16 Yrs Policy - 30% of Basic Sum Assured + Guaranteed Addition + Loyalty Addition.

For 18 Yrs Policy - 20% of Basic Sum Assured + Guaranteed Addition + Loyalty Addition.

For 20 Yrs Policy - 10% of Basic Sum Assured + Guaranteed Addition + Loyalty Addition.