LIC · Savings · Endowment
Bima Shree
A high-sum-assured, non-participating endowment plan combining periodic survival payouts, guaranteed additions, and a non-guaranteed loyalty addition for higher-net-worth savers.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryEndowment
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A high-sum-assured, non-participating endowment plan combining periodic survival payouts, guaranteed additions, and a non-guaranteed loyalty addition for higher-net-worth savers.
You might need this if…
- You might need this if you want a large guaranteed sum assured (minimum ₹10 lakh) with periodic payouts during the term, not just at the end.
- You might need this if you want the possibility of an extra loyalty-linked payout on top of guaranteed benefits, without taking on market risk.
- You might need this if you're comfortable committing to a higher minimum cover in exchange for potentially better guaranteed rates.
- You might need this if you want a plan that can also cover children (entry from age 8).
How it actually works
- Entry age 8-55 years (varies by term); policy terms of 14, 16, 18, 20, 24 or 28 years; premium payment term is always 4 years shorter than the policy term.
- Minimum Basic Sum Assured ₹10,00,000, in multiples of ₹50,000, no stated maximum.
- Guaranteed Additions accrue at ₹50 per ₹1,000 of Basic Sum Assured for the first 5 years, then ₹55 per ₹1,000 thereafter during the premium-paying period.
- A non-guaranteed Loyalty Addition may be added after 5 completed years and 5 full years of premiums paid.
- Survival benefits pay out 30-45% of Basic Sum Assured at specified anniversaries during the term, depending on term chosen.
- Maturity benefit pays a further 10-40% of Basic Sum Assured (term-dependent) plus accrued guaranteed and loyalty additions; death benefit is the higher of 125% of Basic Sum Assured or 7x annualised premium (105% of premiums paid floor).
Worked example
A 35-year-old with ₹10 lakh Basic Sum Assured, an 18-year term and 14-year premium-paying term pays about ₹79,576 a year.
Worth knowing before you decide
- The Loyalty Addition is not guaranteed and depends on LIC's actual experience — don't count on it when planning.
- Surrender is allowed after 1 year, but factors start at 0% and only reach up to 90% in later years.
- Rider premiums (accident, term assurance, premium waiver) are capped at 30% of the base premium.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →