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PLAN FEATURES
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Minimum Age
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8 Years (completed)
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Maximum Age
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55 years (nearer birthday) for policy term 14 years
51 years (nearer birthday) for policy term 16 years
48 years (nearer birthday) for policy term 18 years
45 years (nearer birthday) for policy term 20 years
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Maximum Maturity Age
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69 years (nearer birthday) for policy term 14 years
67 years (nearer birthday) for policy term 16 years
66 years (nearer birthday) for policy term 18 years
65 years (nearer birthday) for policy term 20 years
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Plan Term
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14, 16, 18 and 20 years
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Premium Term
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10, 12, 14 or 16 years
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Yearly, Half yearly, Quarterly or Monthly
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Minimum Sum Assured
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10,00,000 - Basic Sum Assured shall be in multiples
of Rs.1,00,000/-
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Maximum Sum Assured
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Rider Available
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Accidental Death &Disability / Accidental Death, Term
Rider, Critical Illness Rider, Premium Waiver Benefit
Rider
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Sum Assured on maturity + Guaranteed and Loyalty Additions. The percentage of BSA paid is:
(A)14 years policy term: 40% of the BSA.
(B)16 years policy term: 30% of the BSA.
(C)18 years policy term: 20% of the BSA.
(D)20 years policy term: 10% of the BSA.
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Policy Surrender
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Surrender allowed after 2 full years Premium Payment.
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Loan On Policy
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Loan Available after 2 years premium payments.
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Tax Benefit
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Savings on Premiums eligible u/s 80C. All benefits payable are tax free u/s 10(10D).
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125 % of Sum Assured + Guaranteed Additions +
Loyalty Additions (if any) + in-built Critical Illness
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Who can buy LIC Bima Shree ?
LIC’s Bima Shree Plan is a non-linked ,without profit ,limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 Lakh especially designed for targeted Segment of High Net-worth Individuals.
Why Should buy New Bima Shree?
Benefits Offered Under LIC India Bima Shree Plan
The benefits payable under an in-force policy (where all due premiums have been paid) are as follows:
Death Benefit
If death in first five years: “Sum Assured on Death” plus accrued Guaranteed Additions shall be payable.
- If death after five years of buying Bima Shree plan online but before the date of maturity: “Sum Assured on Death” plus accrued Guaranteed addition and Loyalty addition, if any, shall be payable.
Survival Benefit
On survival of the policyholder to each of the specified duration during the Bima Shree plan online, a fixed percentage of the sum assured shall be payable.
Maturity Benefit
When the LIC India Bima Shree plan holder survives till the date of maturity, provided that all the premiums have been paid, he is liable to receive “Sum Assured on Maturity” along with accrued guaranteed additions and loyal additions.