LIC Bima Shree Calculator: Instant Premium and Benefit Estimator for Plan 748

1. Introduction

LIC's Bima Shree Plan 748 works as a limited premium paying, participatory endowment plan. The product targets affluent clients who need substantial life cover combined with savings growth. The plan carries Code 748 and UIN 512N316V01 for regulatory compliance.

Your eligibility depends on age and term selection. Minimum entry age starts at 8 years. Maximum entry age varies: 55 years for 14 year terms, 51 for 16 year terms, 49 for 18 year terms, and 47 for 20 year terms. Maturity age caps at 69 years. LIC uses the nearer birthday method for age calculations.

You get four policy term options: 14, 16, 18, or 20 years. Premium paying terms run shorter at 10, 12, 14, or 16 years. You finish payments before maturity while keeping full coverage. Busy professionals appreciate this structure.

Basic sum assured begins at 10 lakh with no upper limit. Amounts must increase in 50,000 increments. You choose from yearly, half yearly, quarterly, or monthly payment modes. GST adds 4.5% to premiums.

The plan combines convenience with flexibility. You get lump sum maturity payouts plus interim cash withdrawals. The guaranteed components provide stability during 2026's fluctuating economy. Unlike pure term insurance, this builds cash value. Bonus accruals generate 6 to 8% internal returns, beating traditional fixed deposits. You transfer wealth across generations smoothly.

---

2. About the Plan - Key Details

LIC Bima Shree Plan 748 is a limited premium paying, non-linked, with-profits endowment plan. The plan targets high net-worth individuals who want strong protection and savings. The plan code is 748. The UIN is 512N316V01.

You need to meet specific eligibility criteria. The minimum entry age is 8 years completed. Maximum entry ages vary by term. For 14-year policies, you enter at 55 years maximum. For 16 years, the limit is 51 years. For 18 years, 49 years. For 20 years, 47 years. Your maturity age tops out at 69 years. Age proof follows the nearer birthday method.

Policy terms lock into 14, 16, 18, or 20 years. Premium paying terms restrict to 10, 12, 14, or 16 years accordingly. You pay premiums for a limited period yet secure full-term benefits. Professionals with packed schedules find this structure appealing.

Your basic sum assured starts at 10 lakh rupees. No ceiling applies. Increments follow 50,000 rupees multiples. This scalability works well for high net-worth individuals. Premium options span yearly, half-yearly, quarterly, or monthly. GST adds 4.5% to all premiums.

The plan merges ease with adaptability. You get lump-sum maturities paired with periodic cash access. Guaranteed aspects deliver reassurance amid 2026's economic shifts. Bonuses deliver 6 to 8% IRR, beating fixed deposits. For households, the plan functions as a legacy vehicle for wealth handover.

---

3. Key Features and Benefits

Bima Shree Plan 748 delivers dual benefits. You get protection and income generation. At maturity, you receive the sum assured plus accumulated simple reversionary bonuses and final additional bonus. Current SRB rates for 2026 range from 45 to 60 rupees per 1,000 rupees sum assured annually. Longer terms and higher coverage earn better rates. FAB reaches 3,550 rupees per 1,000 rupees for policies running beyond 15 years.

Survival benefits pay out 30 to 45% of basic sum assured at designated anniversaries. A 14-year term disburses these at the 10th and 12th year marks. You handle major expenses like education costs or property upgrades without terminating your policy.

Death benefits provide comprehensive coverage. Your nominee receives the highest amount among 125% of basic sum assured, 7 times annual premium, or 105% of total premiums paid. Accrued guaranteed additions boost this at 50 rupees per 1,000 rupees sum assured for the first five years. After five years, the rate jumps to 55 rupees.

Under Section 80C, you get tax benefits for 1.5 lakh on premiums paid. Under section 10(10D) maturity benefits and death claims are tax free, provided that the annual premium paid is less than 10 percent of the sum assured. Accidental death and disability riders are also available for additional coverage.

In case of financial emergencies, you can borrow up to 90 percent of the surrender value. The policy is also great for building a legacy due to the bonuses and survival benefits. The returns are also quite good because they exceed the interest on a fixed deposit. For example, for a premium of 50 lakh rupees, the policy will give a maturity value of 80 lakh rupees at the end of 20 years assuming the 2026 bonus is added. This is perfect for high income families to counter inflation while also providing a safe bet.

---

4. How to Use the Calculator

The bima shree calculator offers an easy interface for Bima Shree planning. These steps deliver immediate insights, suited for novices or pros alike.

Step 1: Enter Date of Birth

Locate the Date of Birth field at the top left under Enter Your Details. Tap the calendar icon for selection. This avoids manual entry errors. The tool computes your age against today's date (December 01, 2026). The system verifies the 8 to 55 year range. Out-of-bounds entries trigger an alert. You refine input and proceed.

Step 2: Input Sum Assured

Below sits the Sum Assured field. Enter your desired coverage from the 10,00,000 rupees minimum. A prompt displays the base figure. Adjust upward in increments to align with your budget or objectives. The tool reveals impacts on plan costs clearly.

Step 3: Select Policy Term

Find the Policy Term dropdown next. Options include 14, 16, 18, or 20 years. Selection auto-sets premium periods and survival benefit timings. A 16-year choice schedules payouts at years 12 and 14. Invalid picks prompt guidance to valid selections.

Step 4: Choose Premium Mode

The Premium Payment Mode dropdown follows. Options cover yearly or half-yearly, quarterly, monthly fits for your cash flow. Results refresh instantly. You compare directly to suit your financial rhythms.

Step 5: Calculate and Review

Press the prominent Calculate button below. Results populate the right panel promptly. No delays involved. Breakdowns cover annual premiums, mode-adjusted payments, total outlay, survival benefits, maturity value, and death cover. Formats appear cleanly as rupees 1,23,456. Adjust via Reset for new trials. These estimates inspire your plans. Consult LIC advisors for binding quotes. The full routine clocks under a minute. This transforms intricate setups into simple tasks.