When it comes to securing one’s financial future while ensuring protection for loved ones, life insurance plans are among the most trusted options. One such plan provided by LIC (Life Insurance Corporation of India) is the LIC Bima Shree Plan 748—a thoughtfully designed money-back life insurance plan that combines safety, savings, and steady returns.

What is LIC Bima Shree Plan 748?

LIC Bima Shree Plan 748 is a non-linked, participating, money-back life insurance plan designed specifically for high net-worth individuals. This plan offers guaranteed survival benefits, maturity benefits, and financial protection for families in case of an unfortunate event.

• It is a limited premium payment plan where the premium paying term is shorter than the total policy term.
• The plan offers a combination of protection and savings with periodic survival benefits and a lump sum maturity amount.
• It allows policyholders to choose policy terms of 14, 16, 18, 20, 24, and 28 years.
• The minimum basic sum assured is Rs. 10 Lakhs, and there is no upper limit on the sum assured.

This plan is ideal for those looking for a mix of guaranteed money back through survival benefits and higher returns through bonuses.

Understanding the LIC Bima Shree Plan 748 Calculator

The LIC Bima Shree Plan 748 Calculator is an easy-to-use online tool that helps potential investors estimate the premium amount they need to pay and the maturity benefits they can expect from the plan based on their inputs.

How Does the Calculator Work?

By entering parameters such as:

• Age of the policyholder
• Policy term chosen
• Basic sum assured (minimum Rs. 10 Lakhs)
• Premium payment frequency (yearly, half-yearly, quarterly, or monthly)

The calculator shows:

• The premium amount payable periodically
• The survival benefits received at different policy anniversaries
• The maturity benefit payable at the end of the policy term
• The death benefits payable in case of the policyholder’s demise during the policy term

This tool provides clarity on financial commitments and helps applicants make informed decisions.

Key Features of LIC Bima Shree Plan 748

Limited Premium Payment

Unlike traditional insurance plans where premiums may be paid throughout the policy term, the LIC Bima Shree plan allows for premium payment for a shorter period:

• Premium paying term = Policy term minus 4 years
• Example: If you choose a 20-year policy term, you pay premiums for 16 years only.

This means you get long-term protection with fewer premium payments, offering affordability and ease.

Survival Benefits (Money Back)

The plan offers survival benefits as a percentage of the Basic Sum Assured on specific policy anniversaries before maturity. These survival benefits act as periodic payouts that help meet financial goals during the policy term.

Policy Term	Survival Benefit Anniversary	Survival Benefit Amount
14 years	10th and 12th Year	30% of Basic Sum Assured
16 years	12th and 14th Year	35% of Basic Sum Assured
18 years	14th and 16th Year	40% of Basic Sum Assured
20 years	16th and 18th Year	45% of Basic Sum Assured

This money-back feature offers liquidity during the policy term without compromising your life coverage.

Maturity Benefits

At the end of the policy term, the policyholder receives the remaining percentage of the Basic Sum Assured along with vested bonuses if the policy matures:

Policy Term	Maturity Benefit Amount (% of Basic Sum Assured)
14 years	40%
16 years	30%
18 years	20%
20 years	10%

The maturity benefit acts as a lump sum amount after all survival benefits have been paid.

Death Benefit

In the unfortunate event of the policyholder’s death during the policy term, the nominee receives:

• If death occurs within the first 5 years, the Sum Assured on Death with guaranteed benefits.
• If death occurs after 5 years, the nominee is entitled to the higher of:
  • 125% of Basic Sum Assured, or
  • 7 times the annualized premium,
    along with Guaranteed Additions and Loyalty Additions.

This death benefit provides financial protection to the family ensuring their stability.

What Are Guaranteed and Loyalty Additions?

Apart from the core benefits, LIC Bima Shree Plan 748 also offers Guaranteed Additions (GA) and Loyalty Additions (LA) which enhance the returns:

• Guaranteed Additions are credited at the end of each policy year during the premium paying term.
• The current rates are Rs. 50 per thousand of Basic Sum Assured for the first 5 years and Rs. 55 per thousand from the 6th year onwards.
• Loyalty Additions are declared by LIC depending upon their profits after completing 5 years and paying all premiums.

These additions increase the value of your policy over time, thereby increasing both maturity and death benefits.

Eligibility Criteria for LIC Bima Shree Plan 748

To apply for this plan, the applicant must meet the following criteria:

• Minimum Entry Age: 8 years
• Maximum Entry Age varies with policy term, e.g. for a 14-year policy term max age is 55 years.
• Basic Sum Assured: Minimum Rs. 10 Lakhs, no upper limit
• Policy terms available: 14, 16, 18, 20, 24, and 28 years
• Premium paying term is policy term minus 4 years

Meeting the eligibility ensures smooth acceptance and timely benefits.

How to Use LIC Bima Shree Plan 748 Calculator?

Step-by-step guide to using the calculator:

1. Visit a trusted LIC calculator website or LIC’s official website.
2. Enter your age as per your nearest birthday.
3. Select the policy term (e.g., 14, 16, 18, or 20 years).
4. Enter the Basic Sum Assured (minimum Rs. 10 Lakhs).
5. Choose your premium payment mode (yearly, half-yearly, quarterly, or monthly).
6. Click on Calculate to view:
   • Your premium payable per mode
   • Survival benefits at specified policy anniversaries
   • Expected maturity value
   • Death benefit details

This helps you plan your finances with clarity and confidence.

Premium Rates for LIC Bima Shree Plan 748

Premium rates vary based on age, policy term, and sum assured. Here is a sample premium chart for Rs. 10 Lakhs Basic Sum Assured (annual premium):

Age (Years)	14 Years	16 Years	18 Years	20 Years
20	Rs. 1,08,045	Rs. 90,748	Rs. 78,106	Rs. 69,384
30	Rs. 1,08,584	Rs. 91,336	Rs. 78,841	Rs. 70,266
40	Rs. 1,10,887	Rs. 93,933	Rs. 81,683	Rs. 73,402
50	Rs. 1,17,306	Rs. 1,00,597	–	–

Note:

• Premiums are exempt from taxes.
• Mode-wise rebates apply, such as 2% discount for yearly mode.

Optional Benefits and Riders

You can enhance your base coverage under LIC Bima Shree Plan 748 with optional riders by paying additional premiums. Some available riders are:

• LIC Accidental Death and Disability Benefit Rider
• LIC Accident Benefit Rider
• LIC New Term Assurance Rider
• LIC New Critical Illness Benefit Rider
• LIC Premium Waiver Benefit Rider

Additionally, policyholders can also opt for:

• Deferring survival benefits to receive enhanced returns with interest.
• Settlement options for maturity benefits to receive payments in installments over 5, 10, or 15 years.
• Receiving death benefits in installments to ease financial management for beneficiaries.

These options provide flexibility suited to individual needs.

Exclusions to Note Under LIC Bima Shree Plan 748

It is important to understand policy exclusions for a transparent experience:

• Suicide Clause: If the insured commits suicide within 12 months from the date of commencement or revival of the policy, the policy pays 80% of the total premiums paid. No other benefits will be payable.
• Other standard exclusions as prescribed by LIC apply.

Benefits of Using LIC Bima Shree Plan 748 Calculator

• Simple Planning: Eliminates guesswork by providing clear premium and maturity values.
• Informed Decisions: Understand financial commitments before purchasing.
• Comparisons: Helps compare different policy terms and premiums.
• Savings Insight: Predicts the periodic survival benefits and overall returns.
• Flexible Adjustments: Modify inputs to match budget or goals easily.

Why Choose LIC Bima Shree Plan 748?

• Designed for high net-worth individuals seeking a balance of protection and regular money back.
• Limited premium payment term reduces financial burden.
• Money-back feature provides regular financial support during the term.
• Participation in profits and guaranteed additions enhance wealth.
• Option to customize with riders and flexible settlement options.
• Financial security for the family with comprehensive death benefits.

This plan can be an excellent option for those looking to secure their future with a trusted insurer.

Where to Find LIC Bima Shree Plan 748 Calculator?

• LIC’s official website offers calculators for their various plans, including the Bima Shree LIC Online Calculator.
• Independent insurance and financial planning websites also provide tools for computing premium and maturity amounts.
• LIC agents can assist in personally calculating and explaining these details.

Frequently Asked Questions

Conclusion

The LIC Bima Shree Plan 748 stands out as a comprehensive money-back life insurance plan aimed at high net-worth individuals who want secured protection along with periodic returns. Using the LIC Bima Shree Plan 748 Calculator is a smart step before investment, helping understand the premiums, survival benefits, maturity amounts, and death benefits clearly.

By planning with the calculator and choosing appropriate options, policyholders can ensure they meet their financial goals, secure their families, and build wealth confidently through LIC’s trusted expertise.