Who it suits
High-income individuals who want guaranteed money-back benefits.
LIC plans / Money Back Plans
Money Back Plans
New Plan no. 748 UIN 512N316V03
LIC’s Bima Shree
Non-par · Non-linked · Money back (higher sum assured)
Money-back plan with guaranteed additions, aimed at people who can take a higher sum assured.
High minimum sum assured. See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Guaranteed additions
- Money-back benefits
How it works
Survival benefits are paid at set points and guaranteed additions accrue; see the brochure for the schedule.
At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 748 |
| UIN | 512N316V03 |
| Category | Money Back Plans |
| Plan type | Non-par · Non-linked · Money back (higher sum assured) |
| Sum assured | High minimum sum assured. See the official brochure for the exact benefit formula. |
Important details
Policy conditions that apply to most LIC plans
Know the conditions, not just the headline.
Grace period
30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.
Free look
30 days from receiving the policy document to return it if you do not agree with the terms.
Revival
A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.
Surrender, paid-up and loan
A loan is available within surrender value after the first policy year (one full year’s premium paid); guaranteed surrender value needs two full years’ premiums.
Suicide within 12 months
If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).
Section 45
After three years a policy cannot be questioned except for proven fraud.
Quick answers
Questions families ask
Who is this plan for?
High-income individuals who want guaranteed money-back benefits.
What sum assured can I choose?
High minimum sum assured. See the official brochure for the exact benefit formula.
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.