Eligibility & limits
- Category
- Money-back
- UIN / plan number
- 848
- Plan status
- Active for sale
- Snapshot date
- 01 May 2026
Entry age, term and sum-assured bands are on the official plan page; we'll mirror them here once the per-plan facts are extracted.
Calculators LIC plans Money-back
LIC Bima Shree · Plan 848
High-SA money-back with guaranteed additions and survival benefits.
Asymmetrica · LIC plan report
LIC Bima Shree · Plan 848
Generated 28 May 2026
In short
LIC Bima Shree (Plan 848) is a non-linked participating money-back plan for high-net-worth buyers, with a minimum BSA of ₹10 lakh. Unlike standard LIC money-back plans, it uses Guaranteed Additions (₹50–55 per ₹1,000 BSA/year, published in the brochure) instead of a simple reversionary bonus — GAs are accrued every year and paid at exit. Two large survival benefit tranches and a Loyalty Addition (non-guaranteed, estimated) complete the picture. Six term options from 14 to 28 years give buyers flexibility. On a 20-year term the XIRR lands approximately 5.5–6.5% — modestly better than Plans 720/721 for large BSAs, but still well below a diversified equity portfolio.
Run the numbers
Total value received across all survival benefits and maturity payout. The cashflow timeline shows the distinctive sawtooth pattern — interim payouts at years , with a smaller residual at maturity.
Assumptions
- Age
- 30 yrs
- Sum assured
- ₹10,00,000
- Age
- 30 yrs
- Policy term
- 20 yrs
- Premium paying term
- 16 yrs
- Premium frequency
- yearly
- Term option
- 20-yr / PPT 16
yrs
₹
Policy term PPT: 16 yrs · Min SA: ₹10L
Premium frequency
Optional riders
Accident cover (choose one)
Total value received over 20 years
₹19,05,000
Guaranteed Additions: ₹8,55,000 · Loyalty Addition (est.): ₹50,000
Annual premium
₹67,000
GST-free since 22 Sep 2025
Total paid (over 16 yrs)
₹10,72,000
Total survival benefits
₹9,00,000
45% BSA × 2 payouts
Final payout at maturity (yr 20)
₹10,05,000
10% BSA + GAs + Loyalty Addition (est.)
Implicit XIRR
5.11%
Includes all SB + maturity cashflows.
Net gain (total received − total paid)
₹8,33,000
Death benefit (while policy is in force)
₹12,50,000 + vested bonus
Unaffected by survival benefits already paid — full protection throughout.
Guaranteed Additions are published in the Bima Shree brochure (₹50/1,000 BSA/yr for years 1–5; ₹55/1,000 BSA/yr thereafter until PPT). The Loyalty Addition is non-guaranteed (estimated at ₹50/1,000 BSA) and can vary based on LIC's annual declaration.
Cashflow Timeline
Gray bars: annual premiums (years 1–16). Teal bars: survival benefit payouts and final maturity.
Survival benefit & maturity schedule
Two lump-sum survival benefits at policy years 16 and 18, each 45% of BSA.
Year 16
₹4,50,000
45% of BSA
Year 18
₹4,50,000
45% of BSA
Year 20 (maturity)
₹10,05,000
10% BSA + GAs + Loyalty Addition (est.)
Year-by-year projection — show table
| Year | Cum. premiums | SB paid this year | Cum. SBs received | Vested bonus | Death benefit |
|---|---|---|---|---|---|
| 1 | ₹67,000 | — | — | ₹50,000 | ₹13,00,000 |
| 2 | ₹1,34,000 | — | — | ₹1,00,000 | ₹13,50,000 |
| 3 | ₹2,01,000 | — | — | ₹1,50,000 | ₹14,00,000 |
| 4 | ₹2,68,000 | — | — | ₹2,00,000 | ₹14,50,000 |
| 5 | ₹3,35,000 | — | — | ₹2,50,000 | ₹15,00,000 |
| 6 | ₹4,02,000 | — | — | ₹3,05,000 | ₹15,55,000 |
| 7 | ₹4,69,000 | — | — | ₹3,60,000 | ₹16,10,000 |
| 8 | ₹5,36,000 | — | — | ₹4,15,000 | ₹16,65,000 |
| 9 | ₹6,03,000 | — | — | ₹4,70,000 | ₹17,20,000 |
| 10 | ₹6,70,000 | — | — | ₹5,25,000 | ₹17,75,000 |
| 11 | ₹7,37,000 | — | — | ₹5,80,000 | ₹18,30,000 |
| 12 | ₹8,04,000 | — | — | ₹6,35,000 | ₹18,85,000 |
| 13 | ₹8,71,000 | — | — | ₹6,90,000 | ₹19,40,000 |
| 14 | ₹9,38,000 | — | — | ₹7,45,000 | ₹19,95,000 |
| 15 | ₹10,05,000 | — | — | ₹8,00,000 | ₹20,50,000 |
| 16 | ₹10,72,000 | ₹4,50,000 | ₹4,50,000 | ₹8,55,000 | ₹21,05,000 |
| 17 | ₹10,72,000 | — | ₹4,50,000 | ₹8,55,000 | ₹21,05,000 |
| 18 | ₹10,72,000 | ₹4,50,000 | ₹9,00,000 | ₹8,55,000 | ₹21,05,000 |
| 19 | ₹10,72,000 | — | ₹9,00,000 | ₹8,55,000 | ₹21,05,000 |
| 20 | ₹10,72,000 | — | ₹9,00,000 | ₹8,55,000 | ₹21,05,000 |
| Total received | ₹10,72,000 | ₹9,00,000 |
Our take
Should you buy Bima Shree?
Bima Shree is LIC's premium money-back product, differentiated from Plans 720/721 by three features. First, the minimum BSA of ₹10 lakh positions it as a wealth-segment product — and the BSA bands (in multiples of ₹50,000) allow precise coverage amounts. Second, the bonus mechanism is Guaranteed Additions, not the variable SRB of other money-back plans: GA rates are declared in the brochure and locked in, eliminating one layer of uncertainty. Third, the six term options (14–28 years) with matching PPTs give buyers a rare degree of flexibility in LIC's traditional plan range. The two survival benefit tranches — typically 45% BSA each in the 20-year option — are large relative to the maturity SA, which means Bima Shree front-loads more cash than Plans 720/721. The Loyalty Addition is non-guaranteed and should be treated as an optimistic estimate. For buyers in the ₹10L–₹50L BSA range, Bima Shree deserves comparison with market-linked products — the guaranteed floor (GAs) is real, but the opportunity cost of a 20-year commitment is also real.
- Guaranteed Additions (₹50/1,000 BSA/yr for years 1–5; ₹55/1,000 BSA/yr from year 6 to PPT) are published in the brochure and not subject to annual review — the guaranteed component of the maturity value is higher than in Plans 720/721.
- Minimum BSA ₹10 lakh — designed for buyers who want higher coverage amounts. The large-BSA discount on tabular premiums means the effective rate per rupee of coverage is slightly lower at ₹50L+ BSA.
- Six term options (14/16/18/20/24/28 years, PPT = term − 4) let buyers match the product to their specific horizon — unusual flexibility for a traditional LIC plan.
- Two survival benefit tranches (total 90% of BSA across both, in the 20-year option) front-load significant cash before maturity — useful if the buyer has a planned large expenditure 16–18 years out.
- The Loyalty Addition (non-guaranteed, estimated at ₹50/1,000 BSA in this calculator) is declared by LIC at exit and can vary — treat it as a tailwind, not a guarantee.
- XIRR of approximately 5.5–6.5% on a 20-year term is competitive versus bank FDs and better than most traditional endowments of similar duration — but still 6–8 percentage points below historical equity returns. Suitable as a low-volatility anchor in a diversified financial plan.
Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.
Deep dives
More on Bima Shree
-
Full review
Who it works for, who it doesn't, what tends to go wrong over the term, and how our take compares with other reviewers.
-
Surrender value
Year-by-year GSV vs SSV table for the default scenario, with plan-specific notes on when exiting actually breaks even.
-
Tax treatment
§80C eligibility, §10(10D) maturity exemption, the 10× SA rule, and how each clause applies to a typical buyer of this plan.
Plan reference
Paid-up value
Stop premiums after at least 2 full years and the policy stays in force as a paid-up policy at a reduced sum assured. Already-vested bonuses are preserved; no new bonuses accrue.
Policy loan
Once the policy has a surrender value (typically year 3), you can borrow up to 90% of it from LIC at the prevailing policy-loan rate — short-term liquidity without giving up the policy's bonuses.
Sources
Last updated · site changelog